Bank of America fined $1.2bn over money laundering failures
US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US border
Finance
Markets, banks, investing and personal money: shares, bonds, rates and what moves them.
Latest stories
Will bank earnings growth become a thing of the past?
It would be foolish to think the Wall Street giants can’t outrun the threat of AI
Wall Street plays down investor fears of faltering trading boom
JPMorgan Chase and Goldman Sachs earnings boosted by equities businesses in another strong quarter
Majority of clubs on edge of 'financial disaster' - regulator
English football's finances are "dangerously exposed, with the majority of clubs living on the edge of financial disaster", a new report says.
BBC NewsIndia delays digital payments fee rollout amid retailer pushback
The NPCI, which operates the UPI network, said it was postponing the planned October 15 rollout of the 0.4% fee due to the festive shopping season.
TechCrunch
Carragher settles tax debt to avoid bankruptcy
Jamie Carragher has settled an unpaid tax bill with His Majesty's Revenue and Customs.
Premier Inn owner urges investors to resist pressure from activist hedge fund
Whitbread asks shareholders to reject Corvex Management’s demand for board seat
Investors brave US Treasury rout to lock in highest yields in decades
Government bond funds are attracting record inflows as borrowing costs hit their highest level in decades
UK chances of keeping £3.8bn bitcoin haul rise after High Court ruling
Judge in London rules that Chinese victims of massive crypto fraud cannot rely on English law to seek compensation
The best gilets for finance bros
The much-maligned ‘Chelsea life jacket’ has become the uniform of a certain kind of styleless Sloane. But can better fabrics and smarter styling rescue it from menswear purgatory?
Chip stocks slide as fears mount over scale of AI investment
‘Casino’ comments by Broadcom boss help push Samsung and SK Hynix down sharply in Seoul
Bumble shares soar after report dating firm in $1bn takeover talks
The jump pushed Bumble's stock market valuation to more than $580m but that is still far below their peak of more than $14bn.
Letter: French sovereign debt: here’s the number to watch
From Nicolas Breteau, Chief Executive, TP ICAP Group, London EC2, UK