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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.

Stop firing crucial back-office staff, FSA warns banks

The Financial Services Authority has told investment banks to improve checks to prevent mis-pricing of trading positions and to stop firing staff who work in valuation control functions.

Merrill shocks Wall Street with $8.5bn share sale

Merrill Lynch, the investment banking giant that has lost more than $40bn (£20.1bn) on its mortgage investments since the start of the credit crisis, shocked Wall Street last night with plans to raise $8.5bn in new shares.

Regulator investigates 'market manipulation' by jet fuel speculators

Accusations of price manipulation in the soaring market for jet fuel are among dozens of allegations being investigated by commodities regulators in the United States, where the public and politicians have rounded on "speculators" for driving up the cost of oil and everyday inflation.

CME fights to save $9.1bn takeover of Nymex

The Chicago Mercantile Exchange is fighting to save its $9.1bn takeover of the Nymex, the historic home of oil trading in New York, in the face of trader opposition, shareholder lawsuits and an inexorable decline in the value of its offer.

Album: Freddie Redd, Shades of Redd Blue Note

Redd was a jobbing hard-bop pianist and composer blessed with, in bop terms, a heavenly ear for a "chewn".

Lehman suspends equity traders in London

Lehman Brothers, the Amer-ican investment bank, has suspended two equity trad-ers in London after its internal controls showed up issues related to share valuations.

Trading security: 'If I were to say it couldn't happen here, well, that's bullshit'

Banks across the City of London have launched urgent reviews of their security procedures in the wake of the Société Générale scandal.

BNP Paribas hints it may bid for embattled rival SocGen

BNP Paribas yesterday gave its first hint that it may bid for Société Générale since its arch rival became vulnerable to takeovers in the wake of last week's rogue trading scandal.

Margareta Pagano: Savage for SocGen and a slap in the Fed's face

Eat your heart out, Nick Leeson. Your place in the annals of financial fraud has been trumped by a trader at Société Générale who has cost his bank €5bn (£3.7bn), and who may yet cause France's second-biggest bank to lose its independence. The predators are already prowling, with France's BNP Paribas, which has tried for years to merge with SocGen, the favourite.

Rogue trader: bank admits losing billions

The second biggest bank in France today admitted it had lost 4.9 billion euros (£3.7bn) at the hands of a rogue trader in one of the biggest banking frauds in history.

More Deutsche cash for Euronext

Market Report: Britvic sparkles as talk of French bid bubbles

Two profits warnings in its first six months as a listed company have made the management at the soft drink makerBritvic about as popular in the City as an outbreak of the plague. That may be about to change, though, with the French private-equity group PAI poised to make an offer worth 280p per share.

Race to find flagship of first US naval hero - in North Sea

Teams from both sides of the Atlantic to search for wreck of John Paul Jones's frigate off Yorkshire coast
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Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn