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.

Questions Of Cash: 'Nationwide held on to my ISA for six months'

Q. A couple of years ago you helped with a large debt from O2 Ireland. As a result of your help, O2 Ireland stopped making demands for an old disputed mobile phone bill. But now my mother in County Cork has received a demand from debt collectors for €1,180.34 (£1,060), addressed to me. MR, London.

Market Report: Centrica flares higher on payout hopes

Earnings hopes supported Centrica as the FTSE 100, hit by another round of weakness in the mining sector, traded lower last night.

Change of tune at EMI

Guy Hands' Terra Firma has endured a torrid time since its acquisition of EMI. Now it is changing its management. Nick Clark reports

McCartney backs bid to save Abbey Road studios

Former Beatle Sir Paul McCartney told of his hopes that the famous Abbey Road Studios could be saved after reportedly being put up for sale by owner EMI.

World famous Abbey Road recording studios up for sale

London's iconic Abbey Road recording studios have been put up for sale by embattled music group EMI, it was reported today

Hit turns to miss as Hands sues Citigroup over EMI deal

Terra Firma's boss says he bought the now struggling music company for a 'fraudulently inflated' £4.2bn.

Citi hits back as Hands tries to block trial move

Terra Firma founder argues that his case against bank should be held in New York not London

Big bonuses at Citigroup despite huge losses

Citigroup, the embattled American bank, yesterday unveiled huge losses for the second year in a row. The bank said it shed $1.6bn last year after it plunged into the red in the fourth quarter, largely thanks to repaying $6bn of US government support.

'Enormous progress' as bank loses £4.7bn

US banking giant Citigroup reported a full-year loss today but hailed "enormous progress in 2009".

Market Report: Cairn lifted by hopes for Greenland drilling

Cairn Energy stood out as the FTSE 100 touched a new 16-month high yesterday, with buyers outnumbering sellers amid hopes for the oil and gas prospector's foray into Greenland.

Market Report: Smiths grounded after airports boost

Smiths Group fell prey to a round of profit-taking last night as traders moved to secure recent gains, believing that the potential boost from the scramble for airport scanners might prove to be relatively limited.

Russian miner turns to Citi in $9bn flotation

Citi, the investment bank, will help to lead the London listing of the Russian coal giant Suek, one of a number of huge initial public offerings (IPOs) in 2010.

What's on the books for 2010

As the US, bastion of free market capital, pumps another $3.8bn into the car loans giant GMAC, Stephen Foley reports on the unfinished business of the crunch

Stephen Foley: When will Citigroup pay for its sins?

US Outlook: Surely this week's fund-raising debacle is the final straw for shareholders, when it comes to their tolerance of Vikram Pandit's incompetent leadership at Citigroup?

Citi shares dive on botched sale

Shareholders and analysts have reacted angrily to Citigroup's botched $20.5bn (£12.5bn) fundraising, in which poor demand from investors drove the banking giant's share price sharply lower and left the US government unable to sell any of its stake.

Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
The Last Word: For the good of the game: why on earth don’t we leave Fifa?

Michael Calvin's Last Word

For the good of the game: why on earth don’t we leave Fifa?
HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?
How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

Time to play God

Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

MacGyver returns, but with a difference

Handyman hero of classic 1980s TV series to be recast as a woman
Tunnel renaissance: Why cities are hiding roads down in the ground

Tunnel renaissance

Why cities are hiding roads underground
'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

Boys to men

The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
Crufts 2015: Should foreign dogs be allowed to compete?

Crufts 2015

Should foreign dogs be allowed to compete?
10 best projectors

How to make your home cinema more cinematic: 10 best projectors

Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

Manchester City vs Barcelona player ratings

Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

Monaco: the making of Wenger

Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

Chris Gayle: The West Indies' enigma

Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
In Ukraine a dark world of hybrid warfare and murky loyalties prevails

In Ukraine a dark world of hybrid warfare

This war in the shadows has been going on since the fall of Mr Yanukovych
'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

Homage or plagiarism?

'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
Broadchurch ends as damp squib not even David Tennant can revive

A damp squib not even David Tennant can revive

Broadchurch, Series 2 finale, review
A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

Inside the mansion of Germany's 'Bishop of Bling'

A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower