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.

Uncertainty over whether yesterday's crash creates a buying opportunity or is a prelude to further falls sees the FTSE 100 shed 0.5%.

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.

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.

Bosses at Man U have managed to strike a new deal on the club's debt, meaning interest payments should fall by about �10m a year.

A Guernsey airline is considering using bigger planes after becoming the only operator to fly to Gatwick. The Treasury and Resources Department is the sole shareholder in Aurigny and said it is considering leasing or buying aircraft outright.

JPMorgan's UK wealth management business has been fined nearly �3.1m for failing to keep complete and up-to-date client files, a shortcoming that put customers at risk of receiving unsuitable investment advice.