Bank of America pays $2.4bn to end Merrill case

Bank of America has agreed to pay $2.43bn (£1.51bn) to settle a shareholder lawsuit over its 2008 buyout of Merrill Lynch in one of the largest-ever settlements of a securities fraud class action.

Wells Fargo has its headquarters in San Francisco

US bank pays out $175m to settle claim of race bias

Wells Fargo accused of making black and Hispanic customers pay higher product fees

Tory fundraiser Lord Fink faces inquiry into Lords dinner for Amex clients

The Conservative Party treasurer is to face a full Parliamentary inquiry into allegations that he broke anti-sleaze rules.

Advertising looks set to win from the busy summer

Hopes are rising of a significant advertising boom from a triple whammy of feelgood events with the Diamond Jubilee, Olympics and Euro 2012 football championship between June and August.

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

Five Questions About: Rewards credit cards

What are rewards credit cards?

James Moore: Should we care what Paris Hilton thinks of our party?

The fact that the UK has so far escaped any hint of a credit downgrade has long been cited by the Coalition to support its preferred combination of spending cuts and tax rises to deal with the budget deficit. For goodness sake stop complaining about your hospital closing: Britain's still a AAA nation (Aa1 or somesuch in Moody's speak).

James Moore: Should we really care what Paris Hilton thinks about our party?

Outlook The fact that the UK has so far escaped any hint of a credit downgrade has long been cited by the Coalition to support its preferred combination of spending cuts and tax rises to deal with the budget deficit. For goodness sake stop complaining about your hospital closing: Britain's still a AAA nation (Aa1 or somesuch in Moody's speak).

Broker in Punch Taverns insider trading storm to accept fine

The broker at the centre of the Greenlight Capital insider trading scandal will not fight his £350,000 fine despite clients and rivals agreeing that he did little wrong.

Goldman Sachs boss backs same-sex marriage

One of Wall Street's most powerful figures has become the first major business leader to join a national campaign in support of same-sex marriage.

Spotlight on: Brian Moynihan, chief executive, Bank of America

Ooh, that's a tough job

It sure is. BofA is the definitely the shakiest of the big US banks, having never pulled itself free of the credit crisis. But Mr Moynihan is used to dealing with a few bruises. Earlier in his career he would regularly come to the office all beaten up from a rugby game the night before.

Goldman Sachs's top employees have seen packages cut by a half or more

Goldman pays out bonuses of £8bn

Investment bank's pay and bonuses for the year equal to the size of Albania's GDP

JPMorgan sets tone for Wall Street with pay cut

America's biggest bank, JPMorgan Chase, has announced a sharp fall in investment banking profits and a massive cut in its investment bankers' pay.

Ratings agency downgrades Hungary to junk status

Fitch downgraded Hungary's credit rating to junk status on Friday, citing a standoff between the government and international lenders like the IMF and the European Union over possible rescue loans.

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Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks
The haunting of Shirley Jackson: Was the gothic author's life really as bleak as her fiction?

The haunting of Shirley Jackson

Was the gothic author's life really as bleak as her fiction?
Bill Granger recipes: Heading off on holiday? Try out our chef's seaside-inspired dishes...

Bill Granger's seaside-inspired recipes

These dishes are so easy to make, our chef is almost embarrassed to call them recipes
Ashes 2015: Tourists are limp, leaderless and distinctly UnAustralian

Tourists are limp, leaderless and distinctly UnAustralian

A woefully out-of-form Michael Clarke embodies his team's fragile Ashes campaign, says Michael Calvin
Blairites be warned, this could be the moment Labour turns into Syriza

Andrew Grice: Inside Westminster

Blairites be warned, this could be the moment Labour turns into Syriza
HMS Victory: The mystery of Britain's worst naval disaster is finally solved - 271 years later

The mystery of Britain's worst naval disaster is finally solved - 271 years later

Exclusive: David Keys reveals the research that finally explains why HMS Victory went down with the loss of 1,100 lives
Survivors of the Nagasaki atomic bomb attack: Japan must not abandon its post-war pacifism

'I saw people so injured you couldn't tell if they were dead or alive'

Nagasaki survivors on why Japan must not abandon its post-war pacifism
Jon Stewart: The voice of Democrats who felt Obama had failed to deliver on his 'Yes We Can' slogan, and the voter he tried hardest to keep onside

The voter Obama tried hardest to keep onside

Outgoing The Daily Show host, Jon Stewart, became the voice of Democrats who felt the President had failed to deliver on his ‘Yes We Can’ slogan. Tim Walker charts the ups and downs of their 10-year relationship on screen