Mark Carney has been forced to admit that allegations of rigging in foreign exchange markets could prove be a bigger scandal than the manipulation of Libor as he sought to rebuff criticism that the Bank of England had been slow to react.
17.30 (CLOSE): Sports Direct extended its strong run on the stock market today after confirming details of a bonus scheme that could see its founder land a shares windfall worth up to �65million.
LONDON (Reuters) - Lloyds Banking Group (LLOY.L) said on Tuesday it would cap the pensions of around 35,000 employees in a move that will boost income by 1 billion pounds ($1.66 billion) but risks a backlash from disgruntled employees.
NEW YORK (Reuters) - The euro fell against the dollar and the yen on Tuesday after European Central Bank policymakers indicated traders may have overlooked the message that the bank may still act to stimulate the euro zone economy.
High street banks may be hindering small and medium enterprises from gaining access to finance from alternative providers and forcing them to take out business accounts to get a loan, the Office of Fair Trading has warned.