News

Two of the world's largest banks suspended, or put on leave, traders in London and New York yesterday as part of an investigation into alleged manipulation of the trillion-dollar currency market.

RUSSIA TIME: Employees work at computer screens at the RTS Stock Exchange in Moscow.

Russian traders lose to cows as winter crimps Moscow market

Russian Prime Minister Dmitry Medvedev's efforts to give his citizens a better night's sleep and ease stress for the nation's farm animals are undermining his push to make Moscow a global financial centre.

The share price at Citi has fallen by nearly 90 per cent during Mr Pandit's tenure

The incredible shrinking bank

Vikram Pandit's abrupt departure as chief executive of Citigroup has revived questions about the bank's direction

Citigroup boss in shock exit

Surprise departure by chief executive stuns Wall Street

Bonds bolster Citigroup as writedown hits profits

A mammoth, $4.7bn (£2.9bn) writedown drove Citigroup's third-quarter profits down by nearly 90 per cent – but America's third-largest bank still managed to beat Wall Street expectations yesterday thanks to strength in its bond trading business.

BSkyB shares fall after £3bn Premier League deal

Fears that media giants BSkyB and BT overpaid in their £3 billion Premier League deal sent shares in the pair sharply lower today.

Terra Firma 'set to raise funds'

Terra Firma, the private equity group run by Guy Hands, is expected to start fundraising within 12 months.

Care home owner agrees £825m sale

The owner of 445 care homes which is responsible for looking after some 20,000 residents has agreed to be sold to financier Guy Hands' private equity firm for £825 million, it was announced today.

James Moore: Now US investors put the boot into bankers

Outlook Talking of bankers, it seems that now American investors are squaring up for a fight over their pay.

Shareholders veto Citigroup chief's pay

Shareholders in Citigroup, one of the world's largest banks, gave a stinging rebuke to chief executive Vikram Pandit last night by rejecting his $50m pay package at their annual meeting.

Sony considers £65m bid for HMV Live

Sony Music Entertainment is among several suitors that are seeking to acquire the live music business of HMV, the embattled entertainment retailer, for about £65m.

Hamish McRae: The Irish people won't give the wrong answer – will they?

Trust the people! Unlike Greece and Italy, Ireland has an elected Prime Minister with a mandate to push through the austerity programme. He and this cabinet clearly deemed it safer to take the legally solid route and go for a referendum on the new EU fiscal compact. Since the present coalition and the principal opposition support the policy it would be odd if the people were to throw it out.

Universal seeks EC approval of EMI takeover

Universal Music is poised to file with Brussels for approval of its £1.2bn takeover of EMI’s recorded music arm as early as this week.

Kodak files for bankruptcy protection

Eastman Kodak, the photography icon that invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies.

Bad news for bonuses as Citigroup crashes into the red

A wipeout in its equity derivatives business helped push Citigroup's investment bank into the red, presaging grim news for staff awaiting their bonuses.

Surge in liabilities as Bank buys government bonds

Pension liabilities among British businesses swelled to a record £255.2bn in December as the Bank of England waded into the market to buy government bonds, the latest figures from the Pension Protection Fund revealed yesterday.

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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
Countries that don’t survey their tigers risk losing them altogether

Countries that don’t survey their tigers risk losing them

Jonathon Porritt sounds the alarm
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz
A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on