ECONOMY

Ex-Barclays CEO Bob Diamond faces Treasury select committee MPs in tough three-hour grilling.

Despite bidding for Dutch firm KPN and Telekom Austria recently, the world's richest man reveals that he is not planning to make any other telecommunications purchases in Europe for now, according to Reuters.

Campaign group aims to send over 100,000 emails over summer to MPs seeking their support to reduce APD.

"Wink and Nod" revelations in Barclays Libor rigging scandal make Bank of England Governor's position untenable.

Policy Exchange believes this would help prevent company bosses from excessive risk-taking that may result in fall in share prices and huge losses to the firm.

Former financial titan due to appear before Treasury select committee to give evidence on Libor scandal.

Record fines, resignations, public apologies and embarrassing inquiries - just another week of tarnished reputations for British businesses

Deputy Governor Paul Tucker named in Barclays memo from Bob Diamond to John Varley

Corporate barrister Owen Watkins tells IBTimes UK that Barclays' newly resigned CEO Bob Diamond and individuals involved in rate-fixing scandal may avoid UK criminal proceedings.

With the twin resignations of CEO Bob Diamond and Chairman Marcus Agius, the IBTimes UK look at the the challenges the bank faces as bank's crisis continues

Candidates include current and former Barclays executives as search campaign begins

Departure follows resignation of chairman Marcus Agius amid growing row over Libor scandal

The industry body demands bold government action, including the creation of a business bank, to boost economic growth.

Chancellor George Osborne says austerity is why gilt yields have hit record lows, but IBTimes UK explores the bigger reasons for Britain's low cost of borrowing.

Markets hold onto gains as Unemployment around the region hits record and manufacturing shrinks

June purchasing managers index data shows that UK manufacturing output did not recover out of a contraction from its three-year-low in May.

Resignation of chairman Marcus Agius likely to intensify calls for CEO Bob Diamond to step down in fallout from Libor-fixing scandal.

Europe's stock markets rose to two-month highs to kick-off trading for the second half of the year after better-than-expected economic data from Asia and at home helped build on gains from the conclusion of last week's Leaders Summit in Brussels.

His resignation comes after the bank was fined £290 million for trying to tweak Libor.

Marcus Agius, chairman of British bank Barclays, has resigned due to the company’s involvement in the Libor scandal.

Europe's problems would affect the rest of the world including the US if the region does not come out with a solution to the crisis, says Alan Greenspan.

The Labour leader proposes a new code of conduct for bankers, a new professional standards board to look into their answers as well as quicker and easier prosecution of wrongdoers.

Gazprom posts a record profit for a second year in a row and becomes the most profitable energy company in the world.

RBS' Hester forgoes his 2012 bonus, following the chaos from the Natwest computer system glitch, and reports that the FSA will fine the bank for its involvement in the Libor rate fixing scandal.

Peter Madoff, younger brother of convicted fraudster Bernard Madoff, faces 10 years in prision

A sacked senior RBS trader Tan Chi Min said his bosses and senior staff colluded in fixing the Libor rate artificially high or low to maximise profits, according to US court filings.

The IBTimes UK investigates the broken trust between banks and customers in the wake of a the industry's "septimana horribilis"

The Bank of England's financial policy committee recommends in a report that UK banks use their cash reserves to continue lending to the wider economy if the recession bites harder.

The U.S. middle market companies is seen growing this year albeit at a slower pace of 7%. This was the result of a survey conducted on the U.S. middle market industry by the National Center for the Middle Market (NCMM) in a project collaboration with the Ohio National State University's Fischer College of Business.