Shibuya Crossing in Tokyo. Demand deficiency syndrome has afflicted Japan since the early 1990s and the US, euro zone and UK since 2008 at the latest. Photograph: Getty Images/Flickr RM

The principal high-income economies – the US, the euro zone, Japan and the UK – have been suffering from “chronic demand deficiency syndrome”. More(...)

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(...)

Taxpayers may end up footing the bill for third-party claims related to the collapse of Setanta Insurance.The Maltese-registered insurer went into liq(...)

Hard Rock Hotel Ibiza: the recently opened live music venue and hotel concept is a possibility for the Citywest convention centre

The epic saga that is the receivership of the Citywest complex in west Dublin has had more twists than a bag of snakes. Here is another: Hard Rock, th(...)

AIB swallowed about €22 billion of taxpayers money to keep it afloat.

AIB’s new chairman-designate, the British banker Richard Pym, is a most interesting appointment to oversee the board of what was once the country’s to(...)

French economist and academic Thomas Piketty, poses in his book-lined office at the French School for Advanced Studies in the Social Sciences  in Paris. Photograph: Charles Platiau/Reuters

Thomas Piketty, the French economist who wrote a best-selling book on inequality, has defended his work against criticism by the Financial Times of sh(...)

The Irish Brokers Association has urged the Central Bank of Ireland to put pressure on Malta’s Financial Services Authority to ensure the Irish taxpayer does not have to pick up the bill relating to the collapse of Setanta Insurance.

PAMELA NEWENHAM The Irish Brokers Association has urged the Central Bank of Ireland to put pressure on Malta’s Financial Services Authori(...)

The Central Bank advised Setanta policyholders to make arrangements for alternative cover ‘without delay’.

Up to 75,000 van and car drivers have been advised to urgently seek alternative insurance cover following the collapse of Dublin-based Setanta (...)

Setanta Insurance, which offered car and van insurance, has closed to new business.

Setanta Insurance, the Dublin based insurer, announced this morning that it has ceased writing new business and issuing renewals as of last Friday, J(...)

Former Co-operative Bank chairman Reverend Paul Flowers.  Clive Adamson, director of supervision at the Financial Conduct Authority (FCA), insisted he had not made a mistake approving the appointment of the disgraced Flowers. Photograph: PA Wire

Six separate inquiries are now under way into the near- collapse of the Co-operative Bank, but a half-day session at the UK treasury select committee (...)