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Fitch puts US credit rating on watch for downgrade

American Eagle

Fitch Ratings put the US government's "AAA" credit rating on 'rating watch negative' Tuesday, saying that the standstill on the U.S. debt ceiling negotiations risks undermining the effectiveness of the country's government and political institutions.

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Elephant Stefan Vasilev

Barclays fined £72m over 'elephant deal'

An “elephant deal” that Barclays executed three years ago has cost the bank £72m in penalties, after the City regulator concluded the bank ran the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people.