HSBC's controversial $1.9bn (�1.6bn) settlement deal with the US authorities over money laundering charges has stalled after a row between the justice department and the judge overseeing the case.
Ms Lagarde, French finance minister at that time, now appears unlikely to be brought to trial in the case, lifting a cloud that had gathered over her position as leader of one of the world's top international institutions.
Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.
The first official government admission that Iain Duncan Smith's flagship plans to remake the welfare state has hit trouble emerged on Friday night when the Cabinet Office's review of all major Whitehall projects branded the universal credit programme as ...
Mario Draghi, president of the European Central Bank, tackled the political debate surrounding Britain's EU membership on Thursday night, telling a City of London audience that Europe needed �a more European UK�.