BUSINESS

Bank of America has reached a $10bn agreement with mortgage agency Fannie Mae to settle claims the bank sold the US government-sponsored enterprise toxic mortgage bonds in the eight years leading up to the global financial crisis.

Investment Bank's 2013 Outlook report sees slowing returns in stocks and bonds even as global economy begins recovery phase.

Car industry lobbyist SMMT reports volume of UK car sales lifting to highest number since pre-recession in 2007.

Hiring is expected to pick up in 2013 as eurozone crisis fears have reduced.

Halifax index reports -0.3 percent fall in UK house prices across 2012 despite double-dip recession.

Both Easyjet and Aer Lingus report rise in passenger demand in line with the European airline industry which is on the path of recovery.

Financial chiefs plan to shore up balance sheets in 2013, amid concerns over dampened growth in Europe and UK, says Deloitte survey.

Britain's number four supermarket chain kicks off busy week for major UK retailers

Under the revised scheme, families with one parent earning above £60,000 will lose their entire benefit.

The Basel Committee on Banking Supervision broadens guidelines on "liquidity coverage ratio" for full Basel-III compliance.

Ahead of the official data release by the BRC, surveys by Visa and MasterCard give mutually opposing views on consumer spending in the UK.

Poverty in the United States is set to hit its highest level in nearly half a century, with suburban families, underemployed workers and children the hardest hit.

UK fleet created by group of businessmen hunts pirates in Indian Ocean.

Populations exploding, health, corruption, religion and war are all in The State of the World Atlas by Dan Smith, which throws up some surprising and often worrying statistics.

The notice follows failed negotiations with Vodafone officials, according to a report.

US unemployment rate remains stable in December, indicating a weak growth in the labour market.

As Morrisons hopes comedy duo will revive its fortunes, we look at economic worth of celebrity endorsements.

Britain's economy remains close to recession as European inflation quickens on key payroll Friday.

Formal petition submitted to White House demanding Treasury mint unprecedented coin as debt deadline draws closer.

A new type of sovereign state, driven by Berlin lacking any trace of democracy, has come into being - and it will be hard to stop, says Martin Cole.

Germany plans to implement more austerity measures that may affect social spending.

Santander is planning to shed 3,000 positions after its merger with Banesto.

High street banks increase consumer credit and approve more new home loans as Funding for Lending scheme gains traction.

Private industry data shows UK's biggest contributer to economy slumped to a contraction in final month of 2012.

Offshore contract drilling company settles with US government for its role in BP’s Deepwater disaster.

HSBC China Services PMI indicates slow pace of growth in December which contradicts with the earlier official data.

Japan's currency hits two and a half year low against the US dollar following Fed minutes, Shinzo Abe statement

Availability of cheap finance and ongoing economic recovery in the US boost car sales.

Wegelin will close its operations permanently after the conclusion of the case.