Forex probe sees London banks suspend traders

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.

London trader's email 'damaged Greek economy'

A London trader is expected to be questioned by police after being accused by the Greek authorities of sending an email designed to stir up rumours of a plan to restructure debt in the embattled country.

US makes $12bn profit on Citigroup sell-off

The US government has sold its remaining shareholding in Citigroup, providing American taxpayers with a $12bn (£7.6bn) profit and raising hopes of better times for a bank that came to epitomise the phrase "too big to fail".

'No memory of misleading Hands' over EMI deal

One of the City of London's top bankers was assailed in a Manhattan courtroom yesterday for playing both sides of the 2007 takeover of EMI and misleading a client to juice his multi-million-pound bonus.

Terra Firma to get trial over EMI deal

Guy Hands' Terra Firma can proceed to trial against Citigroup in their dispute over Terra's 2007 acquisition of the music group EMI, a US federal judge ruled late on Tuesday night.