The long-awaited report by the Parliamentary Commission on Banking Standards has been published. The review was commissioned in 2012, following a number of scandals in the banking industry.
Sir Mervyn was outvoted for a fifth consecutive month on extending the Bank's �375bn quantitative easing (QE) programme, as members voted 6-3 against expanding asset purchases.
Chinese property developer Dalian Wanda Group has said it will spend more than �1bn ($1.6bn) to buy a British yacht maker and develop a hotel in London.
Royal Mail workers have voted strongly against the government's proposals to privatise the postal group. Of the 112,000 workers who voted - a 74% turnout - 96% rejected the plan, which could see the firm float on the stock exchange next year.
NEW YORK--U.S. stock futures drifted around unchanged levels ahead of the much-anticipated Federal Reserve policy announcement. About 90 minutes ahead of the open, Dow Jones Industrial Average futures inched up five points, or less than 0.1%, ...