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.

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.

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.

Aggreko. �17.52 -39p. Questor says BUY. Aggreko disappointed some with a pre-close trading update on Tuesday in which it said full-year expectations remained unchanged.

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.

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.

Millions of loyal Lloyds TSB customers will soon find themselves locked out of the bank branches they have used for years. Many face having to stump up extra charges or wait days for their money to arrive in their accounts.

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.

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.