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.

Jobs threat as 'Egg' set to be broken up

One of the UK's first and best-known internet banks was broken up today in a move threatening up to 600 jobs.

EMI suitors line up to look at its books

Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi's Universal Music Group are among the music companies and private equity firms interested in buying the music group EMI.

Goldman to cut 1,000 jobs as trading plunges

Goldman Sachs will lay off 1,000 staff before the end of the year, amid sharp falls in trading activity.

City's campus project buys club breathing space

Sponsorship opportunities created by 80-acre east Manchester development can wipe out huge losses

The Business On... Simon Borrows, Chairman, Greenhill

Do I know him?

Citigroup trader 'paid $19m into own account'

An employee at Citigroup transferred more than $19m of the bank's money to his own account last year without anyone noticing, it was alleged in a criminal filing yesterday.

Premier raises Dorset oil stake

Premier Oil has agreed to pay $110m (£68m) to increase its stake in the Wytch Farm oil fields in Dorset, boosting its reserves at what it said was an inexpensive price.

EMI back on the market as Citigroup seeks exit strategy

EMI, the record label whose artists include Tinie Tempah and Gorillaz, has been officially put up for sale by its investment banking owner, Citigroup, which seized control of the group earlier this year.

Stephen Foley: Calm down – despite the data breaches, there's little actual fraud on the cards

US Outlook: News of arrests in Spain of people believed to part of the hacker group Anonymous, responsible for attacks on Sony and MasterCard in recent months, comes on the heels of another big data breach here in the US. This time it was Citigroup that said its computers had been compromised, with hackers gaining access to credit card details of 200,000 North American customers. It is having to issue new cards.

City fishes for clues in Kingfisher figures

B&Q-owner Kingfisher is under the spotlight this week, with city-watchers looking for clues on consumer demand from the group's first-quarter figures. B&Q is expected to see like-for-like sales grow around 1.5 per cent, with France expected to be the major cause of that growth.

The ancient British bank that breeds blue-chip chairmen

Schroders, founded in 1804, sold up to Citigroup in 2000, but its alumni keep popping up in the FTSE 100. Sean Farrell reports

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.

Citigroup records profit of $3bn

Citigroup, the banking giant that twice had to be bailed out by the US taxpayer, recorded a $3bn profit in the first three months of 2011, but only because it was able to release $3.3bn previously set aside to cover bad loans. The improving prospects for payback on consumer loans accounted for $2bn of that figure.

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Independent Travel
Pompeii, Capri & the Bay of Naples
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Prices correct as of 17 April 2015
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
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You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
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Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
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Bill Granger cooks with fresh cheeses

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Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
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