'Britain has a global financial sector but a medium-sized economy. As the failures of others show, a country with an outsize banking industry can only prosper sustainably if it runs the tightest of ships'.

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.

Young couples who start a family in their twenties could spend more than a decade saving for a deposit for their first home, according to new research.

Co-operative Bank has suffered a fresh credit rating downgrade, just a day after its parent company unveiled a �1.5 billion rescue plan.

The bosses of Lloyds Banking Group have denied that they were told by politicians to favour the sale of more than 600 branches to the Co-op over rival bidders.

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.

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.