Bank of America beat estimates for second-quarter profit on Wednesday, driven by tumultuous markets that helped its traders ...

Warren Buffett, the so-called Sage of Omaha, has been shedding his US bank holdings. At the start of the year, Buffett’s Berkshire Hathaway sold about $3.2bn (£2.4bn) of shares in American banks and ...

Apart from the boost which an interest rate cut would provide for the speculators in financial markets, one of the factors in ...