Banks have been warned that they have just a month left to agree plans by the Bank of England to plug capital black holes. It comes amid mounting frustration among regulators about what is being seen as "foot dragging" by the industry over the issue.

Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.

More than 30 of the coalition's flagship schemes, including Universal Credit and the West Coast Main Line scheme, are at serious risk of failure, a government annual report has warned.

Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.

Mario Draghi, president of the European Central Bank, tackled the political debate surrounding Britain's EU membership on Thursday night, telling a City of London audience that Europe needed �a more European UK�.

Britain came within six hours of running out of gas earlier this year, it emerged yesterday. The severe winter weather coupled with a faulty import pipeline led to supplies being rapidly used up at the end of March.

British private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management.

Suffolk's growing reputation as the �green coast� has received a major shot in the arm after officials approved a 140 turbine offshore wind farm.

DEMANDS are growing for a public inquiry into failures to clean up coal mines across Scotland, after a new report revealed a potential �60 million shortfall in funds in one region alone.

Ms Lagarde, French finance minister at that time, now appears unlikely to be brought to trial in the case, lifting a cloud that had gathered over her position as leader of one of the world's top international institutions.