News Emergency services were called to 25 Bank Street at around 8am this morning

Gabriel joined JPMorgan in 2004 and worked in technology. He was not a trader or a banker.

'Darth Vader' to head JPMorgan's inquiry into losses by London Whale

One of America's most notorious oil executives has been selected by JPMorgan to lead the internal inquiry into the $6bn (£3.8bn) of trading losses run up by the so-called London Whale.

Barclays, HSBC and Royal Bank of Scotland face US Libor inquiry

The rate-rigging scandal that has rocked the banking industry showed no signs of abating today as US authorities summoned three British banks for questioning.

Margareta Pagano: The same old banking model needs to change

Barclays and most of Wall Street's banks are backing Mitt Romney to be president as he will keep the status quo. But investors are shunning them

Satyajit Das: Libor warning signs were there, but no one acted

The definitions do not allow for consideration of derivatives trader' positions

JP Morgan botched bets lose £3.7bn

The losses racked up by disastrous trades at the London office of America's biggest bank nearly trebled to £3.7 billion, it emerged today.

LME shareholders to vote on takeover

Shareholders in the London Metal Exchange will vote on 25 July on a £1.4bn takeover offer by the Hong Kong stock exchange, which could deliver a payout of £7.4m for the LME's chief executive, Martin Abbott.

Daniel Pinto: If it's your money at stake, you don't gamble

Senior staff must lock up their bonuses in the products they sell

Wave of scandals 'puts reputation of Square Mile at risk'

Business leaders this weekend expressed major concerns that the wave of banking scandals could permanently damage the status of London as the world's greatest financial centre.

Stephen Foley: Moody's will tighten the vice on bank downgrades

US Outlook: Arbitrary! Backward looking! Completely unwarranted! Complaining by the banks downgraded by Moody's started the second the rating agency's actions hit the wire late on Thursday night. Citigroup sounded especially aggrieved at the two-notch cut to its credit rating, but all the affected institutions rushed out statements to assert that they have never been safer.

Invensys dives after Emerson walks away

Shares in Invensys tumbled by 14 per cent yesterday, after it was forced to make an embarrassing U-turn and admit US giant Emerson had made a £2bn-plus bid approach but gone away.

Business week in review

In profit...

Stephen Foley: Dimon causes a tangle

US Outlook Hedge/hej/*. A tangle of impenetrable bushes designed to obscure your activities from public view. (From the Oxford English Dictionary, as reimagined by Jamie Dimon.)

JP Morgan executives may have to return pay

Executives responsible for JP Morgan Chase's $2bn (£1.3bn)-plus trading losses will have some of their pay clawed back, the bank's chief executive, Jamie Dimon, told the US Congress yesterday.

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.

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Prices correct as of 17 October 2014
Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Lonely Planet’s Best in Travel 2015

UK city beats Vienna, Paris and New York to be ranked seventh in world’s best tourist destinations - but it's not London