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.

Citigroup tower on the market for buyers offering 'in excess of £1bn'

The 42-storey Canary Wharf tower which houses the European headquarters of Citigroup is being put up for sale for more than £1bn, the commercial property agents Jones Lang LaSalle said yesterday.

Glencore ready to appoint IPO banks

Hopes that Glencore may be readying itself for a listing received a boost last night as it emerged that the Swiss commodities trader was close to strengthening its team of financial advisers ahead of a potential flotation in London and Hong Kong.

Citigroup pays dividend again as Fed lifts bar

Citigroup, the global banking organisation which twice had to be bailed out by taxpayers in the United States, is to restart paying dividends to shareholders, two years after suspending the payout.

Barclays hatches plan to buy Egg's UK credit cards

Barclays Bank is buying the British credit card assets of the online lender Egg from Citigroup to boost its retail banking business. The deal, agreed for an undisclosed sum, will give Barclays 1.15 million credit card accounts with about £2.3bn of outstanding balances.

Barclays in Egg credit cards deal

Banking giant Barclays said today that it has struck a deal to acquire more than one million credit card accounts belonging to internet bank Egg.

Terra Firma could voice interest in Chaucer bid

Just days after losing the music giant EMI, Guy Hands's investment vehicle Terra Firma is back in pursuit of a deal – in the rather less glamorous world of insurance.

Citigroup grabs control of EMI from Hands

Citigroup snatched control of EMI from the private equity mogul Guy Hands yesterday, after the historic record label's management declared it could not go on under the burden of billions of pounds of crippling debt.

David Prosser: End of the road for Hands at EMI

Outlook The EMI saga is finally drawing to a close. Having taken control of the music company, Citigroup will presumably offload it to the highest bidder, finally removing the uncertainties under which the company's employees and performing artists have been labouring since Terra Firma's takeover began to go so badly wrong.

Citigroup takes control of EMI

Investment bank Citigroup has seized control of record label EMI from beleaguered financier Guy Hands, it was announced today.

Stephen Foley: Warner's stock rises on Goldman Sachs hiring

US Outlook: Edgar Bronfman Jr has already made a start trying raising the money to pay his €5m (£4.2m) fine for insider trading.

The Business On... John Havens, Citigroup

We hear congratulations are in order

Citigroup misses targets as trading revenues slide

Citigroup, the US banking giant which twice had to be bailed out by American taxpayers, has been losing market share on Wall Street, its latest results revealed.

Guy Hands' Terra Firma to appeal EMI court ruling

Terra Firma, the private equity firm run by Guy Hands, is to challenge a US court ruling it was not conned into paying too much for music business EMI in a £4.2bn deal three years ago.

The Timeline: Tobacco

5000BC: Ancient smoke

James Moore: How the banks took revenge on the politician once known as St Vince

Outlook: Should I be watching my back if I were a banking executive?

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BBC takes viewers back down memory lane

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Make your own ice lollies and frozen yoghurt

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