News

Don’t cry for Aberdeen Asset Management but Argentina’s currency issues sent it falling yesterday.

'Rogue trader' Kweku Adoboli says he lost control in financial crisis

An alleged rogue trader accused of gambling away £1.4 billion described to a jury today how he “lost control in the maelstrom of the financial crisis”.

'This case shows how hard it is to cover up a trade once something has gone wrong'

British banking jobs at risk as UBS announces plans to cut 10,000 jobs worldwide

More British banking jobs were at risk today after UBS said it is to cut up to 10,000 roles worldwide in moves to shrink its investment banking arm.

Three more traders suspended in Libor inquiry

Russell Lynch

UBS banker Kweku Adoboli denies being a rogue trader after losing £1.4bn

A banker accused of Britain's biggest ever fraud today denied he was acting as a rogue trader when he lost £1.4 billion.

'Rogue trader' Kweku Adoboli weeps as he takes stand in £1.4bn fraud trial

An alleged rogue trader wept as he gave evidence today as a court heard how his actions threatened to lose his employer £7.5bn.

Stephen Foley: The disasters that show why we have to be on our guard with algos

US Outlook Si ves algo, di algo. If you see something, say something. It's written in all the subway cars here in New York City, a reminder we mustn't ignore suspicious packages or suspicious passengers. And as we trundled towards Wall Street station on Wednesday, I couldn't but think of it as a warning to stock-market investors, too. Si ves algo, di "algo".

James Moore: Facebook fiasco leaves UBS with uphill struggle

Outlook You know how it is. You're on the telephone, or online, trying to order something and it all goes kaput because someone's system doesn't work properly.

Financial markets: A temporary software glitch earlier this month cost Nasdaq more than $40m during the flotation of Facebook’s shares. The US tech stock exchange had to compensate investors who were unable to buy shares when the market opened

Facebook launch 'cost UBS £227m'

Banking group UBS claimed today that the botched stock market listing of social networking giant Facebook cost it 349 million Swiss francs (£227 million).

Stiff sentences for 'print room' insider trading ring

The six men in the so-called "print room" insider trader ring were yesterday jailed for up to three-and-a-half years for what the judge called deliberate, planned and dishonest share dealing.

Market Report: Reed Elsevier hurt by 'free info' ruling

Reed Elsevier led the blue-chip decliners yesterday as investors in the publisher baulked at the European Commission's decision to give free access to all research funded by European taxpayers.

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

Credit Suisse is told to up its cushion

The Swiss central bank has called on Credit Suisse to stage a "marked increase" its capital levels this year in preparation for the potential worsening of the eurozone crisis.

UBS 'rogue' trader Kweku Adoboli bailed – to McDonald's car park

The man accused of Britain's biggest bank fraud was freed on bail in farcical scenes yesterday ahead of his trial which is due to start in September.

Market Report: Glencore marks unhappy anniversary with new low

A much-hyped listing swiftly followed by the share price plummeting – sound familiar? As the fall-out from the Facebook IPO continues to rumble on, today marks the one-year anniversary of another debut that has not exactly lived up to expectations. After a massive float worth £37bn, official trading of shares in Glencore International began exactly 12 months ago. However, you could forgive those investors who got in at the start for not blowing out the candles on the cake with too much enthusiasm.

Big projects bring London alive

London has seen a surge in building work in the past six months despite the UK's slide back into recession, as developers look to cash in on a shortage of office space.

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Prices correct as of 21 November 2014
In a world of Saudi bullying, right-wing Israeli ministers and the twilight of Obama, Iran is looking like a possible policeman of the Gulf

Iran is shifting from pariah to possible future policeman of the Gulf

Robert Fisk on our crisis with Iran
The young are the new poor: A third of young people pushed into poverty

The young are the new poor

Sharp increase in the number of under-25s living in poverty
Greens on the march: ‘We could be on the edge of something very big’

Greens on the march

‘We could be on the edge of something very big’
Revealed: the case against Bill Cosby - through the stories of his accusers

Revealed: the case against Bill Cosby

Through the stories of his accusers
Why are words like 'mongol' and 'mongoloid' still bandied about as insults?

The Meaning of Mongol

Why are the words 'mongol' and 'mongoloid' still bandied about as insults?
Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible