Banks must raise the cash to meet new capital requirements, says the Prudential Regulation Authority. 'Unfair', say banks.

The UK's banks have been told to find an additional �13.4bn of capital this year on top of the balance sheet-strengthening measures they had already been planning.

Retail sales bounced back much more than expected in May, with sales volumes growing 2.1pc on the month after posting the sharpest fall in a year in April.

The morning after the night before: Last night, the Fed suggested the beginning of the end of their cheap cash injections, while the Japanese prime minister confirmed that Abenomics is in full swing.

Passengers travelling through the Channel Tunnel are being ripped off, the European Commission (EC) said today. The EC called on Eurotunnel, the owners of the rail link, to slash its �excessive� �32 per passenger return levy plus per train fee to use the ...