United States

A London-based day-trader accused by the United States of market manipulation that contributed to the Wall Street "flash crash" in 2010, failed to persuade a court On Friday to postpone his extradition hearing.

U.S. securities regulators are examining the behaviour of several companies with links to fifa or other soccer bodies caught up in a major Corruption scandal to see if there were possible violations of U.S. federal Bribery laws, a person with knowledge of the matter said.

Wells Fargo has been fined $185m over the fake accounts scandal US bank Wells Fargo has reported a fall in quarterly profits after setting aside funds for potential costs related to its fake accounts scandal.

A California water utility filed a class action lawsuit on Tuesday to recoup losses in the electric market that it blames on Barclays Bank Plc, which the U.S. government fined $453 million (£287 million) in 2013 for manipulating electricity prices

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at football’s global governing body fifa, and cautioned banks to step up scrutiny.The warning from the Paris-based Financial Action Task Force came in the wake of last month’s indictment by the U.S. of nine current and former fifa officials and five business executives on a series of Corruption charges, including Bribery, Money Laundering and wire fraud.With the U.S.

Wells Fargo's chief executive, John Stumpf, is to resign immediately in the wake of a scandal over its sales practices, the bank has announced. The bank is investigating how two million accounts were opened without customers' permission

Sepp Blatter rocked the world of football on Tuesday by unexpectedly saying he would step down as fifa president in the wake of a Corruption investigation that reportedly may include the embattled chief himself.Citing sources familiar with the case, The New York Times and ABC News reported on Tuesday that Blatter was being investigated by the Federal Bureau of Investigation and U.S. prosecutors.

Sepp Blatter resigned as fifa president on Tuesday in the face of a U.S.-led Corruption investigation that has plunged world football's governing body into the worst crisis in its history.

U.S. prosecutors believe fifa President Sepp Blatter's top lieutenant made $10 million (£6.6 million) in bank transactions that are central to the Bribery investigation of the world football body, a source familiar with the matter said on Monday.Jerome Valcke, fifa's secretary general, is described in an indictment filed in federal court in Brooklyn, New York, as an unidentified "high-ranking fifa official" who in 2008 transferred the sum to another fifa official, Jack Warner.Valcke is not named as a defendant and has not been accused of any wrongdoing. He was not immediately available for comment.

HSBC Holdings plc (HSBA.L) was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion (£22 billion) of losses in the global financial crisis