JP Morgan Chase: one of the top five US banks that are moving ahead of their European rivals in global investment banking. Photograph: Stan Honda/AFP/Getty Images

US banks are moving ahead of their European rivals in global investment banking, taking advantage of strategic upheavals and concerns over capital to (...)

Warren Buffett, chairman and chief executive of Berkshire Hathaway, speaking at Georgetown University in Washington DC last Thursday. Photograph: Andrew Harrer/Bloomberg

When you’re trapped in a city with House Republican gargoyles who don’t understand maths or history, much less reality, sometimes you crave a dose of (...)

A man walks next to a Bank of America branch in New York. Photograph: Reuters/Eduardo Munoz

Bank of America suffered a setback on its road to recovery as revenue in key divisions declined and earnings missed expectations, sparking a se(...)