The New York Stock Exchange: Switch  jumped by almost half in its trading debut after raising $531m in an initial public offering, the third-biggest technology IPO this year in the US. Photograph: Michael Nagle/Bloomberg

European shares rose for the fourth consecutive week on Friday as confidence over the region’s economic recovery outweighed worries over the Catalonia(...)

Banco Popular’s shareholders and junior bondholders lost about €4bn after an EU agency forced the sale of the lender  to bigger rival Santander for one euro. Photograph: Andrea Comas/Reuters

Disgruntled investors have filed 51 lawsuits against European Union regulators for shutting Spain’s Banco Popular, marking one of the largest legal ch(...)

Spanish economy minister Luis de Guindos briefs media on Santander’s acquisition of Banco Popular for one euro to prevent its collapse. Photograph: Emilio Naranjo/EPA

Santander has purchased fellow Spanish lender Banco Popular for one euro, after Brussels warned that the bank was on the verge of collapse. Banco Pop(...)

October 2008: AIB chief executive Eugene Sheehy rules out bailout. Photograph: Cyril Byrne

August 2008: AIB reports a €1.28 billion pretax profit for the first half of 2008. Pays €270 million dividend to shareholders as most other banks glob(...)

The UK treasury’s remaining 0.25 per cent of Lloyds bank shares was offloaded through the market on Tuesday. Photograph: Peter Nicholls/Reuters

Lloyds Banking Group has finally shaken off the shackles of UK government ownership, as the treasury disposed of its last remaining shares in the grou(...)

 Wax worm caterpillars seen eating a piece of plastic. They normally thrive on beeswax. Photograph: CSIC Communications Department/PA Wire

Moth larvae could potentially revolutionise how the world disposes of plastic waste after an accidental discovery by a scientist and amateur beekeeper(...)

Cudillero fishing village in Asturias.

“Asturias? Where the f**k is Asturias, ” asked Michael O’Leary when someone approached him in Dublin airport a couple of years back to ask if Ryanair (...)

A scene from The Olive Tree: Spain, before the financial crisis, was ‘not unlike Ireland, building more houses. There was a madness about it, and a radical change in society’

The Santander complex outside Madrid houses the headquarters of the eurozone’s largest bank and a landscaped garden neatly dotted by imported, thousan(...)

A customer uses an ATM machine outside Lloyds Bank in Camberwell, London. The cost of the deal could mean investors will miss out on any special dividends they might have expected. Photograph: Anthony Devlin/PA Wire

Lloyds Banking Group has come a long way since the British taxpayer was forced to stump up £20 billion (€23.7bn)to rescue it at the height of the fina(...)

The move by Clydesdale, run by Irish man David Duffy,  could end a costly seven-year process by Royal Bank of Scotland to offload Williams & Glyn after it was ordered by the European Union to sell it as a condition of its taxpayer-funded rescue package.

Clydesdale Bank, which is run by Irish man and former AIB chief executive David Duffy, has made an offer to take over Royal Bank of Scotland’s William(...)