The rigging of the London Interbank Offered Rate (Libor) by Citicorp, JP Morgan Chase, Barclays, Royal Bank of Scotland and UBS has resulted in fines of more than $5.8bn (£3.75bn, € 5.3bn) and major bank's images being severely harmed.

The rigging of the London Interbank Offered Rate (Libor) by Citicorp, JP Morgan Chase, Barclays, Royal Bank of Scotland and UBS has resulted in fines of more than $5.8bn (£3.75bn, € 5.3bn) and major bank's images being severely harmed.

Bank of England's monetary policy committee member Kristin Forbes has warned that the UK's economic recovery could be undermined if the central bank waits too long to raise interest rates.

Last night's disposal of Royal Bank of Scotland shares at 330p by Chancellor George Osborne achieved a new 2015 low.

David Cameron could have a powerful ally in Angela Merkel if he will stand up against the ludicrous trick the Greeks have played on us all

A total of 600,000 transfers were affected by a technical glitch in RBS Group banks RBS, Ulster, Coutts and NatWest accounts on 17 June, leaving thousands of customers without benefits, wages or other payments. It is the fifth outage in three years and, compared to former crashes, it is a relatively small one.

Chancellor George Osborne is set to propose a tax review in an attempt to keep banks such as HSBC and Standard Chartered in the UK during his Mansion Speech on 10 June.

The rate of economic growth halved in the three months to the end of March, official figures show, marking the slowest quarterly growth for two years. The UK economy grew by 0.3% in the quarter, the Office for National Statistics (ONS) said. That compares with 0.6% in the last three months of 2014.

The rate of UK Consumer Prices Index inflation fell to 0.3% in January, its lowest level since records began.

Secretary for Financial Services & the Treasury Professor KC Chan began a week-long visit to Europe on December 1 to promote Hong Kong as the world's premium offshore renminbi centre.