Lloyds Banking Group has done �absolutely the right thing� to ensure that its customers get compensation for mis-sold payment protection insurance, its chief executive told MPs yesterday.

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.

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.

LLOYDS' senior managers will face questions from MPs today over the collapse of the sale of branches to the Co-operative Bank, which was saved yesterday in a move that analysts hailed as a blueprint for future rescue deals.