... Off. � European markets up in early trading on Friday � Japanese market swings widely in volatile trade � Europe needs Britain, says ECB president Mario Draghi � FTSE 100 suffers heaviest drop for a year � HSBC's $1.9bn money laundering settlement ...

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 ...

A spokesman for Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers.

Nervous investors interrupted the global market rally last night, with major indices in Japan, the UK and across Europe turning negative in the face of economic concerns.

A lack of confidence among consumers has pushed up savings levels in the last year despite the low rates of interest available, banks say.

The Bank of Japan kept monetary policy unchanged on Wednesday on the basis that the big stimulus package unveiled in April would spur growth and lift prices.

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 ...

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.

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.

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.