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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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In this photo illustration, the Twitter logo and hashtag '#Ring!' is displayed on a mobile device as the company announced its initial public offering and debut on the New York Stock Exchange on November 7, 2013 in London, England. Twitter went public on the NYSE opening at USD 26 per share, valuing the company's worth at an estimated USD 18 billion.
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Arts and Entertainment
Australia singer Iggy Azalea has been attacked by Eminem in a new rap
music

Singer was ordered not to 'blow her rape whistle' in song 'Vegas'

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Arts and Entertainment
'Africa' will be Angelina Jolie's fifth film as a director
film

Mr and Mrs Smith star admits she's 'never been comfortable on-screen'

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Myleene Klass
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Arts and Entertainment
Winnie the Pooh has been branded 'inappropriate' in Poland
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Ashton Kutcher speaking at Human Rights Watch's Voices For Justice dinner in November 2013
people'What is so wrong about digging up dirt on shady journalist?'
Arts and Entertainment
Martin Freeman and Benedict Cumberbatch as John Watson and Sherlock Holmes in Sherlock
tv

Co-creator Mark Gatiss dropped some very intriguing hints ahead of the BBC drama's return next year

Life and Style
Jane Merrick rides on a Micro Scooter through St James's Park, on November 18, 2014 in London, United Kingdom.
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Babysitter Katie and Paul have terse words in the park
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Prices correct as of 31 October 2014
US immigration: President Obama ready to press ahead with long-promised plan to overhaul 'broken system' - but will it get past a Republican-controlled Congress?

Immigration: Obama's final frontier

The President is ready to press ahead with the long-promised plan to overhaul America's 'broken system' - but will it get past a Republican-controlled Congress?
Bill Cosby rape allegations explained: Why are these allegations coming out now? Why didn’t these women come forward earlier? And why has nobody taken legal action?

Bill Cosby rape allegations explained

Why are these allegations coming out now? Why has nobody taken legal action? And what happens next for the man once thought of as 'America's Dad'
Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain

You know that headache you’ve got?

Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain
Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?

Scoot commute

Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?
Paul Robeson: The story of how an American icon was driven to death to be told in film

The Paul Robeson story

How an American icon was driven to death to be told in film
10 best satellite navigation systems

Never get lost again: 10 best satellite navigation systems

Keep your vehicle going in the right direction with a clever device
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil

Paul Scholes column

England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Michael Dawson: I’ll thank Spurs after we win says defender as he prepares to return with Hull

Michael Dawson: I’ll thank Spurs after we win

Hull defender faces his struggling former club on Sunday ready to show what they are missing. But he says he will always be grateful to Tottenham
Frank Warren column: Dr Wu has big plans for the professionals yet he should stick to the amateur game

Frank Warren column

Dr Wu has big plans for the professionals yet he should stick to the amateur game
Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
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'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
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Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines