Category: News Wire

Her Majesty gets the answer to her question – four years after she asked it – on a tour of the Bank of England

Andrew Bailey, chief executive designate of the Prudential Regulation Authority, admitted large banks had become too big to prosecute, raising ‘very difficult questions’ for regulators.

Internet shopping is more popular in the UK than in any other major country, a survey from regulator Ofcom suggests.

HMV has warned of a “probable” breach of its current banking agreements next month, as continuing tough trading conditions mean the business faces “material uncertainties”.

European finance ministers have agreed a deal to give the European Central Bank new powers to police eurozone banks, embarking on the first step in a new phase of closer integration to help underpin the euro.

The deadline has now passed for applications to take part in the auction of the UK’s fourth generation (4G) mobile phone network spectrum. Will the process raise the government’s £3.5bn target?

‘We’re the taxman’s favourite coffee shop,’ says Whitbread boss as coffee chain sees sales surge amid Starbucks boycott

Three former City traders have been arrested over the alleged manipulation of Japanese borrowing rates as part of a Serious Fraud Office investigation into Libor-rigging.

HSBC has confirmed it is to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in such a case.

George Osborne’s decision to boost the Government’s export agency will help transform its focus towards 20 “key” emerging markets, according to the trade minister, Lord Green.

Britain’s economic recovery continued to gather steam amid a strong pick-up in consumer confidence last month, according to the Organisation for Economic Co-operation & Development.

Britain is not heading for a triple dip recession, Chief Secretary to the Treasury Danny Alexander has said.

George Osborne’s £5bn investment in the construction industry “won’t deliver growth” unless big firms clean up their act , business groups have warned.

Germany’s central bank, the Bundesbank, has cut its growth forecast for next year, saying the country’s economy could already be shrinking.

Hector Sants may be offered role in compliance but Libor scandal could make appointment controversial