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Debt-laden Spain has raised 2.98 billion Euros on the financial markets

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Debt-laden Spain has raised 2.98 billion Euros on the financial markets, but was forced to pay higher interest rates. The average yield on bonds repayable...

US Senate report into HSBC says huge sums of Mexican drug money almost certainly passed through the bank

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A US Senate probe has disclosed how lax controls at HSBC, Europe's largest bank, left it vulnerable to being used to launder dirty money...

Credit card companies Visa and Mastercard and major US banks have agreed to a $7.25 billion settlement to retailers over card fees

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Credit card companies Visa and Mastercard and major US banks have agreed to a $7.25 billion settlement to retailers over card fees. The case, which...

JPMorgan Chase has raised its estimate of the value of its recent losses from trading in complex financial derivatives to $4.4 billion

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JPMorgan Chase has raised its estimate of the value of its recent losses from trading in complex financial derivatives to $4.4 billion. The US bank...

China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US and Europe

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China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US...

Eurozone finance ministers have decided to lend Spain 30 billion Euros this month to help its troubled banks

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Eurozone finance ministers have decided to lend Spain 30 billion Euros ($37 billion) this month to help its troubled banks. It will be the first...

Italian and Spanish 10-year bond yields have been rising ahead of a summit of eurozone finance ministers on Monday

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Italian and Spanish 10-year bond yields have been rising ahead of a summit of eurozone finance ministers on Monday. The yield on Spanish 10-year bonds,...

Bob Diamond, Barclays Bank chief executive, has resigned with immediate effect

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Bob Diamond, Barclays Bank chief executive, has resigned with immediate effect. The move follows the resignation of chairman Marcus Agius and comes less than a...

Marcus Agius, Barclays Bank chairman, has confirmed his resignation, as the bank promises a "root and branch review" following the inter-bank lending rate-fixing scandal

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Marcus Agius, Barclays Bank chairman, has confirmed his resignation, as the bank promises a "root and branch review" following the inter-bank lending rate-fixing scandal. In...

Bob Diamond, the boss of Barclays Bank, has insisted he will not resign after staff rigged the key lending rate between banks

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Bob Diamond, the boss of Barclays Bank, has insisted he will not resign after staff rigged the key lending rate between banks. Bob Diamond was...

Martin Taylor, the former chief executive of Barclays, says the bank has engaged in "systematic dishonesty"

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Martin Taylor, the former chief executive of Barclays, says the bank has engaged in "systematic dishonesty". It comes after Barclays was fined $450 million for...

When you apply for home owner's insurance, one of the questions that you'll be asked is whether or not you (or any family member) is a smoker

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When you apply for home owner's insurance, one of the questions that you'll be asked is whether or not you (or any family member)...

Cyprus has told the European authorities that it intends to apply for financial assistance

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Cyprus has told the European authorities that it intends to apply for financial assistance. Cyprus is the fifth eurozone member to do so. It said it...

Credit ratings agency Moody's has decided to downgrade 15 global banks and financial institutions

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Credit ratings agency Moody's has decided to downgrade 15 global banks and financial institutions. In the US, Bank of America and Citigroup were among those...

Heidemarie Schwermer from Germany has lived without money for 16 years following a lifetime of guilt about wealth stemming from her time as a World War Two refugee

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Heidemarie Schwermer from Germany has lived without money for 16 years following a lifetime of guilt about wealth stemming from her time as a...

Spain's borrowing costs have risen to another euro-era record, with lenders demanding a higher interest rate

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Spain's borrowing costs have risen to another euro-era record, with lenders demanding a higher interest rate. The yield on benchmark 10-year bonds hit 7% on...

Political change within days in Greece may mean the country has to ultimately leave the euro

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Political change within days in Greece may mean the country has to ultimately leave the euro. If that was to happen, how would they go...

The Euro and stock markets have boosted in Asia after a deal to shore up Spain's troubled banks eased concerns about a European currency break up

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The Euro and stock markets have boosted in Asia after a deal to shore up Spain's troubled banks eased concerns about a European currency...

Spain's decision to request a loan of up to 100 billion Euros ($125 billion) from eurozone funds to help shore up its struggling banks has won broad support

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Spain's decision to request a loan of up to 100 billion Euros ($125 billion) from eurozone funds to help shore up its struggling banks...

Eurozone finance ministers are to hold a conference call to discuss a bailout for Spanish banks

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Eurozone finance ministers are to hold a conference call to discuss a bailout for Spanish banks. EU sources say Madrid could formally request financial assistance...

Facebook investors have been offered $40 million by the NASDAQ stock exchange for a computer hitch that stopped them trading on debut day

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Facebook investors have been offered $40 million by the NASDAQ stock exchange for a computer hitch that stopped them trading on debut day. Some shareholders...

Stock Market

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Signs of economic weakness around the globe and Europe's intensifying debt crisis are unnerving investors, who have been piling out of riskier investments like...

European markets have risen after a weekend poll in Greece showed growing support for a pro-austerity conservative party

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European markets have risen after a weekend poll in Greece showed growing support for a pro-austerity conservative party. The survey suggested the New Democracy party...

Bankia, which is Spain's fourth-largest bank, was part-nationalized two weeks ago because of its problems with bad property debt

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Trading in shares in Bankia, Spain's fourth-largest bank, has been suspended in Madrid. Bankia asked them to be suspended ahead of a board meeting this...

Morgan Stanley announced in a memo on Wednesday that it is reviewing Facebook trades and would adjust prices for some retail customers who overpaid

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Amid a flurry of lawsuits over Facebook's IPO, Morgan Stanley, the company’s top underwriter, says it's prepared to pay back investors who were burned...