The Co-operative Bank has closed its doors to new corporate customers as it tries to repair its balance sheet after its bonds were downgraded to �junk� status.

FRANKFURT | Fri May 24, 2013 6:19am EDT. FRANKFURT May 24 (Reuters) - Banks will return early 8.123 billion euros ($10.48 billion) of crisis loans to the European Central Bank next week after the ECB cut its main interest rate to a fresh record low of 0.5 ...

Fears over the UK's continuing energy security were fuelled today after a report claimed Britain came dangerously close in March to its gas supply running out and its lights being switched off.

By Toni Vorobyova. LONDON | Fri May 24, 2013 9:03am BST. LONDON (Reuters) - The FTSE 100 steadied on Friday after their steepest fall in a year in the previous session, with central bankers offering some reassurance that stimulus will stay for a while yet.

By William Schomberg. CARDIFF | Fri May 24, 2013 5:55am EDT. CARDIFF (Reuters) - A Bank of England policymaker said on Friday he favored small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term ...

The British Bankers' Association (BBA) said approvals rose 0.9pc on an annual basis in April to 32,153, the highest seen since January.

Lord Hall said the Digital Media Initiative, an effort to develop desktop computer software to make the programme making process faster and more efficient, would be shut down immediately.

The US Senate's probe of Apple's tax affairs this week injected renewed urgency into the global effort to crack down on aggressive tax avoidance, which will feature high on the agenda of the G8 summit meeting in Northern Ireland next month.

Manchester United predicted its interest payments would fall by about �10m a year after refinancing its bond notes. Bank of America is providing a new facility that allows the club to redeem all its 8.75 per cent sterling bonds, worth �178m, and $22.1m of its ...

Two Tesco execs receive three million pounds in damages LONDON (SHARECAST) - Two Tesco executives have received almost three million pounds in liquidation damages after leaving the UK supermarket chain.