JP Morgan, UBS and Credit Suisse have been handed €93.9m in fines by the European Commission for rigging libor rates, interest rate derivatives and other benchmarks and prices.

The UK’s largest high street lender is to cut 9,000 jobs as it racks up automation of customer-facing services.

Two leading UK banks have been put on the proverbial naughty step by the Competition and Markets Authority (CMA) following a “serious” breach of industry rules.

On Sunday, the European Banking Authority (EBA) will publish the results of its stress test – but the Spanish news wire EFE has already reported that 11 of the 123 banks have failed.

The FBI and US Secret Service have put to bed rumours that a recent cyber attack on JP Morgan & Chase, America’s largest bank, were sponsored by the Russian government.

Beijing’s Asia Infrastructure Investment Bank (AIIB) will launch tomorrow in a challenge to the Western-dominated World Bank – but vehement US lobbying means it has few nations on board.