LONDON (Reuters) - The Bank of England announced an overhaul of the way it works with banks and financial markets on Tuesday as it faced growing criticism of its response to possible manipulation of foreign exchange rates.
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.
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.
The ECB is failing. The aim must be to raise inflation, particularly in surplus countries. The European Central Bank is failing to hit its own target for price stability.
LONDON, March 11 (Reuters) - Lloyds Banking Group 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.