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EU watchdogs are preparing to impose multi-million euro fines on six banks, including Royal Bank of Scotland and HSBC, where traders are suspected of having tried to manipulate Euribor interest rates.

CME's move lifts London

London received a major boost to its status as a global financial centre yesterday as the world's largest futures exchange, CME, revealed it has applied to run a new European derivatives market there.

It is the first time ground tiger claws, which may have come from tigers which were illegally poached, have been found by customs in the UK

Tiger claw products seized at Suffolk port

Herbal remedies and massage oils containing ground tiger claws, poisonous plants and cow urine have been seized by border officials at a UK port.

Britain cannot be trusted to reform Libor by itself, warns US Treasury

International central banks to tackle issue at Basel meeting

EU publishes draft rules to tighten up on derivatives

The European Union's securities watchdog has published draft rules to meet a December global deadline for making the derivatives market safer and more transparent.

Jamie Dimon to give evidence on $2bn loss

JPMorgan Chase was trying to prepare for new international regulations designed to make the financial system safer when it put on the disastrous hedging strategy that has cost it $2bn and counting.

Government to water down bank reform plans

Chancellor refuses to order full separation of retail and investment operations

Stephen Foley: Why can’t exchanges stay open all night?

US Outlook It is time to mothball the closing bell of the New York Stock Exchange. That ring-a-ling-a-ding might be iconic of American capitalism, but the opening hours of US exchanges are starting to look anachronistic in an age of 24-hour connectivity.

JPMorgan Chase boss Jamie Dimon: 'I was dead wrong'

Jamie Dimon blames bank's $2bn trading scandal on badly monitored strategy

Trading scandal boss: we were 'dead wrong'

The boss at the centre of the City's latest trading scandal admitted yesterday he was "dead wrong" to dismiss concerns about the bank a month earlier.

Stephen Foley: Regulator needs help to tame financial Wild West

At Goldman Gensler was lobbying for precisely the lack of oversight he now seeks to enforce

Alex Preston: Don't expect morality from a faceless behemoth that exists purely for profit

Banking is not a vocation. No one becomes a trader in order to follow a childhood dream

Greg Smith: 'It makes me ill how callously people talk about ripping their clients off'

Goldman rocked by claims of 'toxic' culture

Goldman Sachs was fighting a new firestorm of public criticism last night, one that threatened to hit it where it hurts most – in its profits. Hours after a London executive published an extraordinary resignation letter in the New York Times, saying its bankers routinely brag about "ripping off" clients, Goldman was in full-scale damage limitation mode, trying to reassure its clients that the portrait of a "toxic" internal culture was a fiction peddled by a disgruntled employee.

Occupy protesters outside St Paul's Cathedral last October

Toxic goodbye gives Goldman an image crisis

Banking giant goes on defensive after director's resignation letter exposes its 'moral bankruptcy'. By Stephen Foley in New York

Top Goldman Sachs executive quits over culture of 'toxic' greed

A senior executive at Goldman Sachs has attacked a “toxic” and “destructive” environment at the leading investment bank in as resignation letter published in the New York Times.

Investment View: You should bet on IG to run out a long-term winner

IG's clients are not so much traditional gamblers as they are financial traders
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Oscar Quine takes a stroll along High Street Kensington yesterday in ‘his’ electric blue stilettos
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The temples of Angkor, where tourists have been stripping naked
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Terry Sue Patt pictured in 1995
peopleTerry Sue-Patt played Benny Green in the classic children's TV show
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The coffin containing the remains of King Richard III is carried on a procession for interrment at Leicester Cathedral on 22 March 2015 in Leicester, England.
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The Queen and the letter sent to Charlie
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Arts and Entertainment
Eurovision Song Contest 2015
EurovisionGoogle marks the 2015 show
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Two lesbians hold hands at a gay pride parade.
peopleIrish journalist shares moving story on day of referendum
Arts and Entertainment
<p>
<b>Kathryn Williams</b>
</p>
<p>
When I was supporting Ray La Montagne I was six months pregnant. He had been touring for a year and he was exhausted and full of the cold. I was feeling motherly, so I would leave presents for him and his band: Tunnock's Tea Cakes, cold remedies and proper tea. Ray seemed painfully shy. He hardly spoke, hardly looked at you in the face. I felt like a dick speaking to him, but said "hi" every day. </p>
<p>
He was being courted by the same record company who had signed me and subsequently let me go, and I wanted him to know that there were people around who didn't want anything from him. At the Shepherds Bush Empire in London, on the last night of the tour, Ray stopped in his set to thank me for doing the support. He said I was a really good songwriter and people should buy my stuff. I was taken aback and felt emotionally overwhelmed. Later that year, just before I had my boy Louis, I was l asleep in bed with Radio 4 on when Louis moved around in my belly and woke me up. Ray was doing a session on the World Service. </p>
<p>
I really believe that Louis recognised the music from the tour, and when I gave birth to him at home I played Ray's record as something that he would recognise to come into the world with. </p>
booksKathryn Williams explores the works and influences of Sylvia Plath
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Liz Kendall played a key role in the introduction of the smoking ban
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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?