Moody's downgraded the bank's subordinated debt and junior subordinated debt - the bonds that will be "bailed in" to help fill a �1.5bn capital hole at the bank - ratings to Ca and Ca (hyb) from B2 and B3 (hyb) respectively with a negative outlook.

When it comes to the high street, few can rival Bill Grimsey's footfall. �Veteran retailer� is the phrase he uses to describe himself on the cover of Sold Out, his hard-hitting manifesto on the future of the high street that is attracting the attention of ministers and ...

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.

Mark Carney, the governor-designate of the Bank of England, has made his first senior appointment, recruiting Charlotte Hogg, daughter of titans of the British establishment, as the central bank's first chief operating officer.

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.

Two firms in BBC documentary series The Call Centre were fined a total of �225,000 today for making nuisance sales calls. The Information Commissioner's Office said there had been 2,700 complaints about Nationwide Energy Services and We Claim You ...

U.K. stocks climbed, sending the benchmark FTSE 100 (UKX) Index higher for a fourth day, as the Federal Reserve began its two-day meeting on monetary policy.

The world's most influential aircraft manufacturers are showing off their latest innovations on the tarmac at Le Bourget Airport.

Chancellor George Osborne has announced plans to stop multinationals hiding their profits from the taxman in shadowy offshore "shell" companies.

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