Standard Chartered shares plunged on Tuesday (23 February) after the bank reported a surprise $1.5bn full year loss over 2015. The Asia-focused bank said that it sunk into a loss as unexpected expenses soared.

Multimillionaire Conservative Zac Goldsmith has made his personal tax return public after Labour urged the City Hall hopeful to "come clean" over his financial affairs.

The European business of Tata Steel has reported a loss for its third quarter. For the three months ending December 2015, the loss was pegged at £68m (€88.5m, $99m). This was more than double the loss it had reported in its previous quarter, and also marked a stark contrast when compared on a year-on-year basis, when it reported a profit of £132m.

UK has witnessed the highest levels of consumer lending and the fastest increase since 2007, according to the British Bankers' Association (BBA). Loans by British banks to consumers increased 5.7% in the 12 months to November.

The Bank of England (BoE) should not begin raising interest rates, the bank's governor Mark Carney said at a speech in London on Tuesday (19 January). "Now is not yet the time to raise interest rates," he said in what was his first public address of the year.

UK has witnessed the highest levels of consumer lending and the fastest increase since 2007, according to the British Bankers' Association (BBA). Loans by British banks to consumers increased 5.7% in the 12 months to November.

Swift, the communications platform that connects thousands of banks, has improved the correspondent banking arena with faster and more transparent cross border payments – part of a possible roadmap to integrate with new technologies such as blockchains.

The Royal Bank of Scotland (RBS) and Standard Chartered have been named by the Bank of England (BoE) as the weaker banks in the UK. In good news for the financial services sector, all banks passed the BoE's stress test, but the organisation did single out some banks, saying work needs to be done.

The Royal Bank of Scotland (RBS) and Standard Chartered have been named by the Bank of England (BoE) as the weaker banks in the UK. In good news for the financial services sector, all banks passed the BoE's stress test, but the organisation did single out some banks, saying work needs to be done.

The oil and gas sector in Britain has witnessed a rapid decline in the number of contractors employed in industry, which is the steepest over the past 11 years. An annual survey by Aberdeen & Grampian Chamber of Commerce in association with the Fraser of Allander Institute and the Bond Dickinson law firm has claimed that about 85% of employees feared job cuts continuing in 2016.