Energy, which has been one of the biggest decliners on Wall Street this month, stayed true to recent form on Tuesday and underperformed the broader S&P 500.

Kelly Coffey, the head of JPMorgan Private Bank, has resigned to take a new job, according to an internal memo.

American Express disclosed investigations by the US Department of Justice and other government authorities into its cross-border payments business.

Not with a bang but a whimper.

What began as an ugly day ultimately turned into a more muted decline on Wall Street as markets clawed back the worst of their losses with gains in real estate partially offsetting a sharp drop in energy stocks.

Yahoo has agreed to pay $50m in damages to people affected by the largest ever cyber attack, splitting the cost between Verizon, which acquired Yahoo’s core business, and Altaba, the remainder of the company.

Wall Street came off its session lows on Tuesday as the wave of selling that started in Asia and which rippled through European and US markets abated somewhat in afternoon trade.

The Office of the Comptroller of The Currency, one of the primary US bank regulators, has fined Capital One $100m in response to shortcoming in Capital One’s Bank Secrecy Act and anti-money laundering programs.

Crude prices slumped by the most in over three months on Tuesday as jitters over global growth outlook, along with Saudi Arabia’s pledge to keep the markets supplied, dealt a bearish blow to sentiment on oil.

Sales at French luxury group Kering beat expectations in the third quarter, led by its Gucci brand, shrugging off fears about a slowdown in the sector for now.

Donald Trump’s national security adviser held talks with Vladimir Putin on Tuesday, days after the US president announced his plan to pull out of a nuclear arms deal with Russia which helped end the cold war.

The French government has asked its businesses to gird themselves against a no-deal Brexit, putting out a briefing document aimed at preparing them for a worst-case scenario.

Sharon Donnery, Ireland’s central bank deputy governor, and European Banking Authority chair Andrea Enria of Italy are the remaining candidates in the race to head the eurozone’s banking supervisor, after securing the backing of European lawmakers to lead the Single Supervisory Mechanism.

Gibson Brands has pulled together a new band of guitar-loving executives to lead the Nashville-based company once it emerges from bankruptcy proceedings on November 1.

Treasuries, gold and the Japanese yen were in demand on Tuesday as a quickly accelerating sell-off in US equities fuelled a flight to ‘haven’ assets.

The European Central Bank’s hopes that the eurozone will be able to withstand the headwinds from the global trade war through stronger domestic demand received a boost on Tuesday after it emerged an indicator of consumer confidence had strengthened in October.

MoviePass is to be spun off as a separate listed company after a turbulent 10 months under the ownership of technology services group Helios & Matheson Analytics, according to plans announced by the parent company on Tuesday.

Acacia Mining said on Tuesday a senior manager in Tanzania has been arrested and charged with corruption, in the latest setback for the gold miner in the country.

Wall Street tumbled on Tuesday as a two-day rally in Chinese stocks came to an abrupt halt while disappointing results from Caterpillar and 3M added to investor concerns that corporate profits have peaked.

Lloyds Banking Group and Schroders have agreed a tie-up of their wealth, investment and financial planning businesses, and announced they will look into further partnerships in retail banking.

GoEuro, the German online travel-booking company, has raised $150m in a new funding round led by Kinnevik of Sweden and Singapore’s Temasek.

Brussels has rejected Italy’s draft budget in an unprecedented move that threatens to deepen rifts between the European Commission and the populist government in Rome.

A key gauge of expected volatility in US stocks jumped sharply on Tuesday amid a broad sell-off in global stock markets.

McDonald’s is accelerating a plan to upgrade US restaurants after the fast food group’s performance in its domestic market lagged sales growth in other countries including the UK, Australia and France.

Verizon has abandoned its growth target for its flagship media division as the second-largest US telecoms group dials back its once-lofty ambitions in media, instead focusing on building faster phone networks.