Dimon defends JP Morgan's banking and risk management practices at US Senate Banking Committee, after Bruno Iksil racked up $2bn in losses at the CIO unit

As Jamie Dimon face a US Senate committee over the huge CIO trading loss, IBTimes UK takes a look whether the flawed use of the Value-at-Risk model was to blame for the downfall.

Germany's number two bank says it has raised more than €5bn in capital this year

A tough week for Europe's markets just got worse after grim jobs data from the United States

Andrew Gowers appointed as head of lobby group for bankers in Europe

Supermarket giant Sainsbury's defies gloomy retail market to report robust trading and record-breaking Christmas sales.

British retailers experienced an increase in administrations in 2011 and predictions look bleak for growth in 2012.

Mario Draghi warns MEPs that debt contagion could spread worldwide as banks face major funding constraint in new year with €750bn in eurobonds called in.

Credit rating agency Standard & Poor's (S&P) is giving Europe's finance ministers more bad news, as it says the European Union's (EU) AAA rating is at risk of a downgrade if the Eurozone countries within it have their credit ratings slashed.

Offering a direct look into the minds of the protesters, the Occupy London protest has launched a new tour service, offering guided tours of London's financial centres.

Analysts have highlighted three key "screw-ups" under CEO Steve Ballmer's watch as pivotal moments that led to Apple and Google's current dominance of markets most expected to be held by Microsoft.

The European stock index futures fell on Friday, putting shares on course to record their biggest quarterly decline since 2008 following the collapse of the Lehman Brothers.

Shares in British banks were broadly down on the FTSE 100 in morning as gloom about the global economy descended on the market.

Shares in British banks were broadly up on the FTSE 100 in morning trading despite the ongoing crisis that is engulfing Greece.

Shares in British banks were down on the FTSE 100 in morning trading as an agreement on Greek debt continued to prove elusive.

Shares in British banks were down on the FTSE 100 in morning trading as troubles in Greece continued to loom over the market.

Shares in British banks were mixed on the FTSE 100 in afternoon trading HSBC was given an expression of confidence from Goldman Sachs.

Shares in British banks were up on the FTSE 100 in morning trading as talks on a second Greek bailout look set to be concluded tomorrow.

Shares in British banks were up on the FTSE 100 in morning trading as a deal on a second Greek bailout appeared to edge closer today.

A report from Reuters has claimed that despite David Einhorn's recent call for Steve Ballmer to stand down, Microsoft Corp's board has chosen to stand behind the long-standing CEO.

Shares in British banks were up on the FTSE 100 in morning trading after a U.S. judge ruled in favour of Barclays bank in a case looking at the sale of Lehman Brothers assets in 2008.

Shares in British banks were broadly down on the FTSE 100 in morning trading as uncertainty continued to reign in Egypt.

Richard Lambert, the outgoing Director General of the Confederation of British Industry, has called for an end to "the dialogue of the deaf" between bankers, politicians and the public and has encouraged bankers to abstain from "toxic" bonuses at a time of public sector cuts.

Shares in Barclays were down on the FTSE 100 in morning trading after the bank said that its investment banking president, Bob Diamond, will be replacing John Varley as CEO at the end of March next year.

Shares in Barclays were down on the FTSE 100 ahead of the banking giant's first half results, which are due out tomorrow and are expected to show an increase in profits.

Shares in Barclays bank were up on the FTSE 100 thanks to positive comments from Morgan Stanley about the banks prospects compared with that of its rivals.