Sterling climbed for the first time in four days against the dollar yesterday as the dollar weakened after US Federal Reserve chair Janet Yellen’s comments on low inflation were interpreted as dovish.

The push by China’s policymakers to rein in property bubbles looks to be getting traction, according to early indicators from the nation’s biggest cities.

The great American presidential mud wrestling match has reached its climax. There will soon be a blonde wig, or two, on the green.

Deutsche Bank’s shares and its riskiest bonds dropped the most since the Brexit vote yesterday after the lender said the US Justice Department is seeking $14bn (€12.55bn) to settle a probe tied to mortgage-backed securities, more money than the bank is willing to pay.

An informal Opec meeting next month is unlikely to deliver any agreement to limit production because several members including Iran are still pumping below capacity.

UBS Group, among Swiss banks struggling to pull away from a past of helping clients dodge taxes, has said it has received an order from Swiss tax authorities to provide information related to a French request for assistance on tax matters.

As stock markets climb around the world, Chinese traders aren’t celebrating.

When it comes to gold, hedge funds are betting that what goes up will continue to go up.

People’s Bank of China governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets.

Deutsche Bank and UBS Group must pay taxes on two banker bonuses plans, the UK Supreme Court has ruled, saying the firms exploited loopholes to avoid payments in a decision that will affect a number of similar arrangements.

Swiss bank to pay $547m to settle US tax evasion probe

The crisis at soccer’s global governing body continues to spread as authorities in Germany and Switzerland target banks and national sport associations for financial transactions linked to Fifa.

Fresh charges in the UK Libor rigging probe may target traders linked to the benchmark’s euro counterpart, with prosecutors focusing efforts on that strand of the probe in recent weeks.

Mark Carney needs to be careful to not overplay his hand today talking about higher UK interest rates.

The former trader charged with manipulating Libor asked a senior manager at UBS Group for help pushing the benchmark rate to suit his positions, according to emails shown to a London jury.

The British Bankers’ Association was told that banks were lying about Libor submissions to suit their trading positions as early as 2007, according to evidence at a London criminal trial.

The Swiss National Bank’s scrapping of its cap on the franc, which rocked foreign exchange and equity markets around the world, is being accepted with resignation by many at home.

Spinmania is crossing the Atlantic. If 2014 was the year of the US corporate spinoff, the next 12 months may see the trend grow in Europe.