This is the year we are going to "reset the banking system", said chancellor George Osborne in a speech to JP Morgan workers in February.

The Group of Eight leading industrialized nations agreed to proposals to tackle tax avoidance and evasion that call for new laws to stop businesses from shifting profits across borders and urge greater transparency about company ownership.

LONDON - London shares closed higher on Tuesday as investors hoped the two-day Federal Reserve Board meeting will not spark too sharp a reduction in the Fed's stimulus programme to shore up the United States economy, dealers said.

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.

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.

Liberty Global is structuring a bid for Germany's largest cable group that offers assets instead of cash in the hope of overcoming regulatory opposition to its proposed �7.5bn putative bid for Kabel Deutschland.

Aggreko, the FTSE 100 generators giant, yesterday said that strength in the Americas would see revenues grow 5 per cent during the first half of the year, but trading profit for the six months will still be in line with last year's �159m.

A community garden in Whitley Bay, North Tyneside, which has won Britain in Bloom awards, has been earmarked for demolition because council bosses believe it is a health and safety risk.

The nation's love of coffee in comfy surroundings continued to power the sales of leisure business Whitbread. Sales at the Costa coffee chain helped boost like-for-like revenues 3.1 per cent at the hotel and restaurant business in the first 13 weeks of the year, ...

LONDON�Prosecutors here plan to file criminal fraud charges against a former trader at UBS AG and Citigroup Inc. who allegedly was at the center of efforts by several banks to manipulate interest rates, people familiar with the plans said.