The Government has been urged to introduce a new criminal offence for �senior persons� who run banks in a �reckless manner�, as well as much more stringent clawback rules that could see managers being stripped of several years' worth of pay.

Lloyds Banking Group has done �absolutely the right thing� to ensure that its customers get compensation for mis-sold payment protection insurance, its chief executive told MPs yesterday.

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.

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.

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.

Families and single people in England will need to save for more than a decade to raise a large enough deposit to buy a home of their own, as rising rents and low wage growth have "moved the goalposts" for first-time buyers, according to research ...

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 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.

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