'Britain has a global financial sector but a medium-sized economy. As the failures of others show, a country with an outsize banking industry can only prosper sustainably if it runs the tightest of ships'.

Leaders of the G-8 nations have agreed on a series of measures designed to clamp down on tax evasion and tax avoidance. A communiqu� released from the summit of eight of the world's largest economies sets out 10 points aimed at promoting �fair taxes� ...

Federal Reserve officials both expect and want inflation to be higher than it is. So far, that isn't happening. Consumer price data released Tuesday showed inflation rose a mere 1.4% in May from a year earlier.

Young couples who start a family in their twenties could spend more than a decade saving for a deposit for their first home, according to new research.

Co-operative Bank has suffered a fresh credit rating downgrade, just a day after its parent company unveiled a �1.5 billion rescue plan.

Lloyds chief executive Antonio Horta Osorio, left, and chairman Sir Win Bischoff denied political pressure. Picture: complimentary.

A call centre made famous by a BBC reality TV series has been fined �225,000 for harassing families with nuisance calls. The BBC has portrayed the company's millionaire boss 'Big Nev' Wilshire as a lovable rogue, a consumer champion and even a hero.

The City grandee Baroness Hogg's high-flying banker daughter Charlotte has taken a �1m pay cut to become the new Bank of England Governor's top enforcer.

U.K. stocks climbed, sending the benchmark FTSE 100 (UKX) Index higher for a fourth day, as the Federal Reserve began its two-day meeting on monetary policy.

The polarisation of the high street is showing no signs of slowing as new data reveals that discount chains Aldi and Lidl, along with high end grocer Waitrose, have won more customers this year than any of their supermarket rivals.