US stocks finished lower on Monday after Greek voters rejected creditors' bailout proposals, pushing the country further down the road towards a potential exit from the Eurozone.
The UK financial regulator has issued its largest ever fine for transaction reporting failures to Merrill Lynch International.
US stocks advanced on Wednesday, boosted by a host of earnings which offset disappointing manufacturing data.
US stock futures inched up on Wednesday as investors adopted a cautiously optimistic stance ahead of several Federal Reserve speakers and a raft of corporate earnings.
US banking titan Bank of America returned to profit in the first quarter of this year after settling litigation and regulatory costs that dogged its earnings last year.
Bank of America Merrill Lynch has said that 174m Chinese tourists will spend $264bn by 2019.
The Federal Reserve said it is against the capital distribution plans proposed by the US division of Deutsche Bank and Santander, and has barred the lenders from issuing dividends or stock buybacks until it approves a new plan.
Former chairman in Bank of America, Charles Holliday Jr., sold some of his shares one day after the bank agreed to pay a $300m in a settlement of a lawsuit brought from lenders of a failed Las Vegas casino.
Stock futures pointed to a lower opening on Friday, as markets were left reeling by Thursday's losses.
A decline in revenue from trading and lending saw Bank of America's fourth quarter profit sank 11% year-on-year, despite strong expense controls.
US stock futures swung from gains to sharp losses on Thursday, after the Swiss National Bank (SNB) removed its currency peg at 1.20 franc per euro.
The vast majority of people with mortgages could withstand an increase in interest rates of up to two percentage points, the Bank of England's latest annual survey of household finances showed. That marks a significant shift in the central bank's thinking on what the impact of such a rise would be. It also means the monetary authority is coming closer to modifying its policy and wants to reassure markets beforehand, the Financial Times writes.
JP Morgan directors are top of the pile when it comes to income average of investment banks, the Guardian reported on Friday.
US stocks plummeted on Wednesday, as concerns over the Eurozone economy and weak economic data weighed heavily on markets.
US stocks recovered from early losses on Thursday to end up broadly flat, ahead of Friday's payroll data. There was mixed news for investors, as the lack of economic stimulus from the European Central Bank left many disappointed, while the number of unemployed surprisingly fell below expectations.
US bank JP Morgan was the world's best performing investment bank in the first six months of 2014, making $11.5bn (£7.05bn) in revenue.
A raft of positive economic data buoyed US markets on Thursday as central bankers and senior economists gathered for a key meeting.
Bank of America has agreed pay a record settlement of $16.65bn in response to an investigation into transactions relating to the 2008 financial crisis.
A round-up of the biggest director deals today so far.
Bank of America (BofA) is said to be in talks with the Justice Department to pay around $12bn to settle a long-running probe into its mortgage banking practices.