Stephen Foley

Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.

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Bank of America back on track after cost cuts

Bank of America, the US financial giant that twice had to be bailed out by American taxpayers, yesterday claimed it was firmly back on the road to health, thanks to several rounds of vicious cost-cutting by Brian Moynihan, its chief executive.

David Bagley, who quit as head of compliance yesterday, and Paul Thurston, head of HSBC Retail

Accused: HSBC in the dock

How could the British bank allow itself to become a conduit for 'drug kingpins and rogue nations'?

Top HSBC boss David Bagley quits over money laundering

Senior executive resigns over 'polluted culture of profit'

Yahoo poaches Marissa Mayer from Google to take over as CEO

Yahoo electrified Silicon Valley and its own 12,000-strong workforce last night by poaching Marissa Mayer, one of the earliest and most famous employees of its arch-rival Google, to be the company's new chief executive.

Irene Dorner, chief executive, HSBC North America

Spotlight on: Irene Dorner, chief executive, HSBC North America

"Spotlight on" is right.

Indeed. HSBC's North American supremo can expect a harsh interrogation from members of Congress today when she appears before a Senate committee.

HSBC faces grilling over US money laundering

Murderous Mexican drug cartels, financiers of terrorist organisations, tax exiles with Cayman Island bank accounts, and suspicious Russians who claimed to be in the used car business – all of them used HSBC to launder money through the United States, according to a damning Congressional report out today.

Citigroup still counting credit crisis cost

The legacy of the credit crisis continues to weigh on Citigroup, the US banking giant's latest quarterly results showed.

Vincent Legrend Walters: He had been selling timeshare holiday apartments at Cancun airport

US 'drugs killer' is apprehended in Mexico after 24 years on run

For years, millions of pleasure-seeking Americans filed through Cancun airport past a smiling, joking man trying to sell them timeshare apartments in the Mexican resort, little realising that the man who called himself Oscar Rivera was in fact one of the US's most wanted fugitives.

US bank bosses set for tough Libor questions

This week's earnings reports to put American managers in the dock

America wakes up to the Libor scandal

US lawyers and politicians are belatedly stirring, says Stephen Foley in New York
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Don't bet on it, says Tom Peck
Charles Kennedy: The baby of the House who grew into a Lib Dem giant

The baby of the House who grew into a Lib Dem giant

Charles Kennedy was consistently a man of the centre-left, dedicated to social justice, but was also a champion of liberty and an opponent of the nanny-state, says Baroness Williams
Syria civil war: The harrowing testament of a five-year-old victim of this endless conflict

The harrowing testament of a five-year-old victim of Syria's endless civil war

Sahar Qanbar lost her mother and brother as civilians and government soldiers fought side by side after being surrounded by brutal Islamist fighters. Robert Fisk visited her
The future of songwriting: How streaming is changing everything we know about making music

The future of songwriting

How streaming is changing everything we know about making music
William Shemin and Henry Johnson: Jewish and black soldiers receive World War I Medal of Honor amid claims of discrimination

Recognition at long last

Jewish and black soldiers who fought in WWI finally receive medals after claims of discrimination
Beating obesity: The new pacemaker which helps over-eaters

Beating obesity

The new pacemaker which helps over-eaters
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Cycling World Hour Record: Nervous Sir Bradley Wiggins ready for pain as he prepares to go distance

Wiggins worried

Nervous Sir Bradley ready for pain as he prepares to attempt cycling's World Hour Record
Liverpool close in on Milner signing

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Reds baulk at Christian Benteke £32.5m release clause
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific