A slew of fines by regulators saw JP Morgan’s legal costs mount to $2.9 billion last year, with an unexpectedly high $1 billion bill for the fourth quarter of 2014.

MasterCard has reached a deal with Russian authorities to process payments using the country’s state-owned system.

Pensioner bonds paying an annual interest rate of up to 4% went on sale online in the UK today – but unexpectedly high demand caused website servers to crash within an hour.

The European Court of Justice’s ruling that the European Central Bank’s bond-buying programme is “necessary” and “in principle” has seen the Euro fall to a nine-year low against the dollar – the lowest point since its creation in 1999.

KPMG has announced that Simon Pilkington, an experienced transactions adviser, will join as a new Partner in its Strategy Advisory team.

Credit rating agency Moody’s has said that political turmoil and early elections in Greece have raised the chance that the country could leave the Eurozone – but this remains a low risk.