The agreement makes it easier for British and Swiss finance firms to deal with each other.

The Swiss firm reports the biggest-ever quarterly return for a bank after buying Credit Suisse.

Mozambique's ex-finance minister is to be tried in the US after five years in a South African jail.

First Republic was seized by regulators, making it the third major US bank to fail in recent months.

The announcement gives an insight to the scale of the bank run that triggered the rescue of the Swiss lender.

The failed Swiss lender faced shareholders for the first time since a forced rescue by rival UBS.

The rushed takeover deal is to be investigated by Switzerland's federal prosecutor.

Worries over the financial strength of the sector persist, with Deutsche Bank down 14% at one point.