RBS could be slapped with a penalty of up to £50m by the Financial Conduct Authority. Photograph: Simon Dawson/Bloomberg

Royal Bank of Scotland is braced for a fine worth tens of millions of pounds as soon as this week for a major IT meltdown that left customers without (...)

A pedestrian walks past a money exchange bureau with a board displaying the exchange rate of the US dollar

Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup on Wednesday in a landmark settleme(...)

Japan’s Nikkei share average surged 3.3 per cent on Monday and was on track to post its biggest daily rise in more than a year as investors took heart from upbeat US data and as the weaker yen lifted exporters such as Toyota Motor Corp and Honda Motor Co. Photograph: Yuya Shino/Reuters

Japanese stocks led a rally in Asia overnight, after solid US data and earnings calmed tumult in global financial markets and reassured investors worr(...)

Mario Draghi, president of the European Central Bank (ECB), pauses during a news conference earlier this month. Photographer: Jasper Juinen/Bloomberg

The euro touched a fresh three-month low against the dollar today as investors awaited comments from European Central Bank chief Mario Draghi and dig(...)

Average investors are being victimised by the fact that it’s legal for some people - high frequency traders -  to get advance news on prices and what investors are doing, Michael Lewis claims in his new book “Flash Boys”. Photograph: Jonathan Fickies/Bloomberg

The US stock market is a rigged game where high-frequency traders with advanced computers make tens of billions of dollars by jumping in front (...)

A number of large banks are still under investigation by the task force set up by US president Barack Obama in 2012. Photograph: Scott Eells/Bloomberg

Wall Street banks and their foreign rivals have paid out $100 billion in US legal settlements since the financial crisis, according to research(...)

The SEC joins the CFTC and other US authorities including the Justice Department, Federal Reserve, Office of the Comptroller of the Currency and New York’s top banking regulator, in probing the matter. Photograph: Jonathan Ernst/Reuters

The US Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options a(...)

British and US authorities hit JPMorgan Chase with $920 million in fines yesterday. Photograph: Reuters

British and US authorities hit JPMorgan Chase with $920 million in fines yesterday for wrongdoing related to the “London whale” trading losses, (...)

Natural gas flares are seen at an oil pump site outside of Williston, North Dakota. Photograph: Shannon Stapleton/Reuters

Brent crude oil slipped towards $107 a barrel today, weighed down by concerns over demand growth, although a weak dollar and fears about supply disrup(...)

 Barclays Plc company’s headquarters in the Canary Wharf, London. US authorities could demand unrestricted access to internal messages and trading books at Barclays in London, Deutsche Bank in Frankfurt and Société Générale in Paris.

US regulators are demanding the right to probe books, records and emails at the headquarters of Europe’s biggest financial groups, prompting deep EU u(...)