That's it for this week's Live page. Glad you could stay with us. We're back on Monday from 06:00.
- US seeks $14bn penalty from Deutsche Bank
- RBS the biggest FTSE faller, off 5%
- MPs to investigate boardroom pay levels
- New ads to encourage bank switching
The European Union should refocus its attention on ways to spur economic growth in the bloc, Greek Prime Minister Alexis Tsipras said this evening after a meeting of EU leaders in Bratislava.
Tsipras, whose country has received three international bailouts in return for sweeping but deeply unpopular economic reforms, said the EU needs to focus on social policies rather than just number crunching.
"We must stop believing that rules are like Moses' Ten Commandments, written in stone. Rules are good, but for each rule to work there should be exceptions," said Tsipras.
In New York, the Dow Jones Industrial Average ended at 18,124, a fall of 89 points or 0.5%. The S&P 500 fell just 8 points, or 0.4%, to 2,139, while the Nasdaq Composite Index fell just 5 points, or 0.1%, to 5,245.
The tit-bits just keep on coming.
Bloomberg reports that Foreign Secretary Boris Johnson has told the Italian Foreign Minister that Brexit talks will formally be triggered early next year.
"Foreign Secretary Boris Johnson told his Italian counterpart that the UK will likely begin formal Brexit negotiations early next year, according to an official briefed on the conversation," reports Bloomberg.
Is this a cunning UK media strategy to leak the date without actually bothering to announce it formally, or tell MPs - or even the voters?
Crude oil prices have continued to fall, by up to 2% to multi-week lows as swelling Iranian exports reinforced fears of a global glut.
Falling US share markets and a rising dollar also weighed on crude futures and other commodities denominated in the dollar.
Brent crude futures settled down 82 cents, or 1.8%, at $45.77 a barrel, hitting a two-week bottom of $45.48. US West Texas crude futures fell 88 cents, or 2%, to settle at $43.03 a barrel. WTI hit a five-week low of $42.74.
For the week, Brent fell 5%, while WTI lost 6%.
"Crude futures are taking on an increasingly bearish appearance," said Jim Ritterbusch, of Chicago-based oil markets consultancy Ritterbusch & Associates. For WTI, "this can potentially expedite our expected trip south to the $39 area," he said.
A committee of the world's major central banks has launched a task force to examine cyber security in cross-border banking and to ensure interbank payments are protected.
"Recent incidents of cyber fraud are of significant concern for the central banking community, and we are working to make sure there are adequate checks and balances in place at each stage of the payments process," Benoit Coeure, chairman of the Committee on Payments and Market Infrastructures, part of the Bank for International Settlements, said in a statement.
Reuters said creation of the taskforce was prompted by the February cyber heist of $81m from Bangladesh Bank's account at the Federal Reserve Bank of New York.
That hacking incident exposed vulnerabilities in the global wholesale payments infrastructure, and in the messaging network called SWIFT, that banks and states rely upon for daily funding.
The Telegraph website has this intriguing tit-bit from the informal EU summit (without the UK) in the Slovak capital Bratislava.
"Mr Tusk told the leaders that Mrs May had said it was 'quite likely' that she would be ready to start the two-year formal exit process in 'either January or February 2017", the paper says.
Last week the Australian trade minister Steven Ciobo told the BBC he had been told that Brexit talks would probably be triggered in the first or second quarter of next year.
Ratings agency Standard & Poor's has lifted Hungary's sovereign debt out of "junk status'' after upgrading the country's growth projections. S&P raised Hungary's rating by one notch to BBB- from BB+ as it increased the country's average annual growth forecast through 2019 to 2.5% from 2%.
Friday's upgrade, which could make it cheaper for Hungary to borrow money in international markets, comes after a similar move in May by Fitch. Moody's, the third of the major rating agencies, still has Hungarian debt in the non-investment category.
US stocks are lower in afternoon trading as Deutsche Bank's mammoth $14bn penalty weighs on financial shares. The bigger-than-expected penalty was levied by the US Department of Justice to settle claims that the German bank missold mortgage-backed securities.
Deutsche Bank's US-listed shares are down 9.4%. Goldman Sachs and JP Morgan fell 0.9% each. The S&P 500 financial index dropped 0.74%, dragging down the benchmark index the most.
Uber is collecting street images for its own maps of the UK cities in which it operates, starting with London. Its mapping cars are being sent out on to the capital's roads from today.
The firm said while existing maps were "a good starting point" it hoped to be able to identify the best pick-up and drop-off points from its own images.
It said it may "incidentally" collect personal information, such as photos of people and licence plates, but would not be sharing any of the data online.
However, its terms go on to state that it may share its mapping data with numerous third parties including vendors, consultants, marketing partners and law enforcement agencies.
Reckon you could run monetary policy better than the experts? Then why not have a go.
"Chair the Fed" is a new online game that challenges your ability to manage an economy. It's been put online by the Federal Reserve's San Francisco branch.
"Our hope is that the Chair the Fed game will inspire students of all ages to take an interest in monetary policy and its role in the US economy," said Jody Hoff, director of education and outreach at the San Francisco Fed.
We tried it in the office, but got a little confused by all those numbers. You can find the game here.
(Hat-tip to the AFP news agency for alerting us to the story)
The price of oil has fallen. Brent crude slumped 1.4% to $45.92 a barrel, hovering near one-month lows. US benchmark West Texas was down 1.9% to $43.08 a barrel.
It comes after a week of bearish commodity reports from the likes of the International Energy Agency, and news of larger-than-expected US crude stockpiles.
The powerful Financial Services Committee of the US House of Representatives says it will investigate allegations that Wells Fargo fraudulently opened millions of unauthorised customer accounts, Reuters reports.
Wells Fargo, the second largest US bank by market value, this month paid $185m in fines as it admitted that employees had boosted sales figures by opening some two million deposit and credit accounts in customers' names without their knowledge. Bank staff did so, regulators said, to generate millions of dollars in improper fees from the accounts and earn performance bonuses for themselves.
The House committee said it would summon John Stumpf, the bank's chairman and chief executive, to testify this month.
Royal Bank of Scotland was the stand-off loser on the FTSE 100. Investors are spooked about the US Justice Department slapping a $14bn penalty on Deutsche Bank and what it might mean for other banks' fines.
RBS shares closed down 4.43%. Barclays fell 2.8%.
The FTSE 100 closed down 20 points, or 0.3%, at 6,710.28. Travel firm Tui was the main riser, up 3.89%.
Britain is to fund development of a sci-fi laser weapon. Missiles manufacturer MBDA, owned by BAE Systems, Airbus Group, and Leonardo Finmeccanica, will get an initial £30m to build a demonstrator for a "laser-directed energy weapon," the Ministry of Defence says.
Defence Secretary Sir Michael Fallon said the money would come from the MoD's newly-launched £800m Innovation Fund.
"It's a way of pump-priming industry and directing investment to focus on the capability of the future," he says. "All sophisticated western militaries are having to respond to technological change."
Football's governing body Fifa said it has appointed PwC as its new auditors, after KPMG stepped down in June. Zurich-based Fifa said PwC's appointment will initially run until the next Fifa Congress in May 2017. The congress will then decide on the appointment of auditors for a full three-year period.
Corporate America is rallying behind Apple and its fight with the EU over unpaid tax, the Financial Times reports. The paper says 185 chief executives have joined the battle, calling for the EU's national governments to intervene.
The support has been orchestrated by the US Business Roundtable group, chaired by Doug Oberhelman, chief executive of Caterpillar. Letters have been sent to member states, including to German chancellor Angela Merkel.
Bank shares are weighing on Wall Street.
A huge $14bn penalty slapped on Germany's Deutsche Bank today by the US Justice Department has unsettled financial stocks on both sides of the Atlantic.
A few minutes into trading, the Dow Jones was down 103 points, or 0.6%, to 18,111. The S&P 500 index lost 11 points, or 0.5%, to 2,135, and the Nasdaq fell 17 points, or 0.4%, to 5,231.
Banks JP Morgan Chase and Wells Fargo were among the main fallers, down about 1%.
BBC technology correspondent Rory Cellan-Jones tweets:
US consumer prices rose more than expected in August, with rising rents and healthcare costs offsetting a fall in fuel prices.
The Labor Department said its Consumer Price Index rose 0.2% last month after being unchanged in July. In the 12 months to the end of August, the CPI increased 1.1% after advancing 0.8% in July.
A steady build up of inflation will be watched closely by the Federal Reserve and fuel debate about when interest rates may rise.
Catch up with the latest business news from Africa with Russell Padmore on the World Service:
We at Business Live towers do hope that this letter is genuine:
Hot on the heels of Blackrock's decision to sue Volkswagen, the German states of Hesse and Baden-Wuerttemberg say they will also take legal action against the car maker for damages over its emission scandal.
Hesse finance minister Thomas Schaefer said the fall in VW's share price had cost the state about €3.9m (£3.4m).
Baden-Wuerttemberg, where VW-owned Porsche is based, also said it would sue, estimating it had lost about €400,000.
Bavaria's state pension fund for civil servants said last month it had lost €700,000 after VW shares plunged, adding it planned to file its suit this month at the regional court of Braunschweig near VW's Wolfsburg headquarters in the state of Lower Saxony.
BBC industry correspondent John Moylan tweets:
GlaxoSmithKline has been forced to shut its toothpaste factory at Maidenhead because of flooding overnight.
A spokesman said GSK closed the plant, which also produces mouthwash, at about 3am because of torrential rain which had affected drains.
Scotland business editor Douglas Fraser tweets:
The FTSE 100 is down 0.3% at midday, with the banks still leading the fallers after Deutsche Bank said it faced a $14bn penalty to settle a probe by US regulators.
Given it's London fashion week, Burberry is appropriately the biggest riser on the 100, up 3%.
Dominic Elliott of Reuters Breakingviews thinks that even if Deutsche is not forced to pay $14bn by the US Department of Justice, its finances may be left rather stretched.
"As things stand, it could absorb a fine of close to €8bn while maintaining a 10% ratio. That takes into account current legal reserves of €5.5bn, just over half of which are assumed to have been earmarked for this DOJ fine. "Paying out any more than €3bn to the US government now risks leaving the bank short. Chief executive John Cryan may need a strategic rethink. Selling some of Deutsche's asset management division would mean the loss of a key source of stable earnings. But offloading a 49% stake might fetch just under €4bn. If US regulators play tough, Cryan may have little choice but to embark on a fire sale."
The UK's top companies need to cut bonuses in response to shareholder revolts against senior executives' pay, the fund arm of insurer Legal & General said in a letter to FTSE 350 firms.
Legal & General Investment Management (LGIM) manages £853bn in assets and is one of the leading investors in most UK companies due to its many index-tracking products.
After a number of companies including BP and Smith & Nephew faced a revolt from shareholders over pay this year, LGIM said boards should consider the wider impact of executive pay, such as the general workforce, public perception, the economic climate and government bodies.
Any large voting opposition to pay proposals - greater than 20% - "should not be ignored", LGIM said. It would also "encourage" firms to reduce short-term annual bonuses.
Russia's central bank has cut its main interest rate by half a percentage point to 10% - the first reduction since June as Moscow seeks to kickstart the economy.
The bank said it would now stick to the new rate until the end of the year, with the possibility of cutting in 2017, in its efforts to keep a lid on inflation.
Retail Week news editor James Wilmore tweets:
The world really is moving toward gender equality, at least if Freshfields Bruckhaus Deringer is anything to go by.
According to The Lawyer magazine, it has become the first UK "magic circle" firm to officially ban "dear sirs" from all communications and legal documents.
Instead, in the UK, all communications will be addressed "Dear sir or madam", in the US, it will be the slightly more showbiz "Dear ladies and gentlemen" and equivalents for Cantonese, Mandarin and European languages are being introduced.
It might seem like a tiny step for most organisations but for a law firm, it is a Neil Armstrong-esque leap of lunar proportions.
Law firms have been criticised for the low numbers of women at partner-level. Just 13%, or 55 of Freshfields' 422-strong partnership is female.
In case you missed it, here's a clip of Bank of England governor Mark Carney answering questions from students in Coventry as part of the BBC's School Report.
He talks about the economy, but also admits that Bake-Off is his favourite TV show - and that prefers dogs to cats.
Well it's not quite over: economics editor Kamal Ahmed has taken the chance to ask Mark Carney a few questions: