Forex

Now a well-chronicled global incident, on 9 March 2009 the S&P 500 index suffered the worst decline in value since the Great Depression.

To repay £900,000 to customers

Fines also falling

FX reserves approaching IMF danger level

Commodity price decline causing divergence

Barclays chief executive Antony Jenkins is to leave the bank as the board of directors calls for a change in leadership with a "new set of skills".

The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.

The first criminal trial over LIBOR rigging begins in London today as Tom Hayes, former trader at UBS and Citigroup, appears in court charged with eight counts of conspiring to manipulate the lending rate.

Peter Elston, chief investment officer at Seneca Investment Managers, investigates the pros and cons of forex hedging.

Royal Bank of Scotland (RBS) has set aside extra cash to cover litigation costs, helping drive it to a loss in the first quarter.