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 posts $2.1bn earnings

US banking giant Citigroup posted earnings of 2.15 billion US dollars (£1.4 billion) today as the sector's third quarter reporting season continues to beat expectations.

Terra Firma and Citi attempt deal ahead of EMI showdown

Terra Firma and Citigroup were locked in talks last night in a last-ditch bid to avert the start of a trial in New York, which will decide if the US bank misled Guy Hands' private equity firm over the buyout of EMI Music.

Barclays lines up tilt at Citigroup's Egg

Barclays is one of the companies through to the second round of bidding for Egg, the online savings bank and credit-card provider.

The business on...Larry Hagman, Actor, aka JR Ewing

What's JR Ewing doing in the business section?

Come, come. JR was just about the greatest independent oil man in Texas (at least when Dallas was a top-rated soap). But it's not the character we're interested in. It's the actor who played him: Larry Hagman has just won a cool $11.5m (£7.2m) from Citigroup.

Citi critic Mayo sticks to his guns despite meeting

An extraordinary feud between the banking sector analyst Mike Mayo and Citigroup shows no sign of ending, despite the fact that the US banking giant's chief executive, Vikram Pandit, agreed to meet Mr Mayo for the first time in almost two years.

A bad buy - with a little help from his friends?

Guy Hands claims his advisers made him pay too much for EMI, the Beatles' label – and is taking them to court

Energy banker nets $30m Citigroup pay deal

Citigroup's new investment banking deal maker in the energy sector will be paid around $30m over the next three years, signalling that elite bankers are once again able to make big-money pay demands, even at companies which have not paid back US taxpayer bailout funds.

Citigroup gives pay hikes to top executives

Citigroup, still partly owned by the US government after a rescue during the financial meltdown, is giving raises to top executives that could amount to millions of dollars.

PotashCorp goes to court in bid to block BHP buyout

PotashCorp of Saskatchewan, the world's biggest fertiliser company, went to the courts in the US yesterday to fend off BHP Billiton's $38.5bn (£24.6bn) takeover bid, accusing the Anglo-Australian miner of giving "false and conflicting information about BHP's offer and PotashCorp's prospects and true value".

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.

EMI cuts losses but warns of debt pressure

Music group EMI today slashed annual losses by two-thirds but said it needs millions more in the years ahead to stay out of the hands of lenders.

US judge concerned about Barclays deal

A judge voiced concern about a $298m (£190m) settlement between Barclays and the US Justice Department, labelling it "a sweetheart deal".

US banks beat Wall Street forecasts

Citigroup and Bank of America continued the bounce back of US banks yesterday, both following JP Morgan in beating Wall Street's earnings expectations.

Banks set to gain from Osborne's tax regime

Britain's banks have emerged as major beneficiaries of the Budget, with the City warning that the coalition Government's proposed levy will fail to reach its target of generating £2bn revenues a year.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee
World War Z author Max Brooks honours WW1's Harlem Hellfighters in new graphic novel

Max Brooks honours Harlem Hellfighters

The author talks about race, legacy and his Will Smith film option to Tim Walker
Why the league system no longer measures up

League system no longer measures up

Jon Coles, former head of standards at the Department of Education, used to be in charge of school performance rankings. He explains how he would reform the system