ENNISKILLEN, United Kingdom - A dip in the icy waters of a Northern Irish lake proved the ideal tonic before a day of tough talks with G8 leaders on tax evasion and the Syria crisis, British Prime Minister David Cameron said on Tuesday.

Moody's downgraded the bank's subordinated debt and junior subordinated debt - the bonds that will be "bailed in" to help fill a �1.5bn capital hole at the bank - ratings to Ca and Ca (hyb) from B2 and B3 (hyb) respectively with a negative outlook.

Bill Grimsey, the former chief executive of the DIY chain Wickes and Iceland stores, has attacked the retail expert Mary Portas for giving "false hope" to Britain's high streets.

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.

Mark Carney has made his first big appointment as incoming Bank of England Governor, hiring a senior executive from Santander to oversee day-to-day operations.

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 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.

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.

To passers-by, the red-brown earthy mound rising up from the path would probably warrant little more than a cursory glance. It looks like part of the steep bank which flanks the footpath cutting through this quiet corner of the Gloucestershire countryside.

LONDON�British prosecutors filed fraud charges Tuesday against former UBS AG and Citigroup Inc. trader Tom Hayes, the first criminal charges by U.K.