ECONOMY

European leaders reach historic deal on EU budget

European leaders reach historic deal on EU budget
European leaders have agreed to the first budget reduction in EU history after overnight negotiations led by British Prime Minister David Cameron carved out spending cuts over the next seven years.
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‘Disgraceful’: RBS CEO labels LIBOR rate miscreants

'Disgraceful': RBS CEO labels LIBOR rate miscreants

'Disgraceful…wrongdoers' who have 'no place in the banking industry', that's how Stephen Hester the Chief Exec of Royal Bank of Scotland has labelled the 21 staff who were identified as being involved in rigging the interbank lending rate, LIBOR.