ECONOMY

Japan's deputy banking minister Ikko Nakatsuka urges country's biggest brokerage to 'clean its wounds' following investigation into trader tip-offs.

Bank of England and British Bankers Association failed to act on recommendations of US regulators on Libor manipulation in 2008

It's all somewhat worrying when financial items in much of the world's media refer to "ESM bailout funds" as if the European Stability Mechanism were already well established and operating in Luxembourg. Initially hoped to be up and running by July 2012 after a final draft was agreed by Eurozone leaders in Brussels on 02 February 2012, the ratification process, progressing fairly well up to the Netherland's Queen Beatrix granting Royal Assent on 05 July with formal endorsement on...

David Bagley tells Senate committee he will quit over drugs, Iran and terror links that threatens HSBC charter in US.

Miserable weather across the UK has cast a dark cloud over the struggling retail sector and could upset consumer-led economic growth in the second half of the year.

When detailed allegations of drug money laundering and terrorist banking are trumped by bank interest rate markets, something seems amiss.

Bank of England governor Mervyn King dodges crucial questions from the Treasury Select Committee on his role in libor affair.

CEO of world's biggest bond fund among names given to President Mohammed Mursi.

UK inflation has fallen to its lowest reading since November 2009, loosening its grip on consumers' hard pressed finances.

Lead Senate investigator says HSBC's US charter at risk after damning 335-page report.

Senior HSBC executives will appear before the US Senate on Tuesday, in response to a report claiming that lax monitoring exposed to the bank to money laundering

BoE's most senior officials testify before Treasury select committee about level of management in Barclays' Libor fixing scandal.

US gunners open fire on small boat off coast of United Arab Emirates.

Chancellor desperate to restore reputation and drag Britain out of recession orders big push from rail investment to Bank of England stimulus.

Ex-Barclays COO Jerry Del Missier tells the Treasury Select Committee that instructions he took to lower Libor rates was not significant during the time of October 2008 and emphasises the Bank of England’s role in the scandal.

The International Monetary Fund says Britain's prospects have worsened significantly since its April forecast.

Treasury Select Committee testimony by bank's chief operating officer and senior FSA officials could shed light on scam.

London Olympics and Paralympics shaping up to be first truly 'digital Olympics' as media outlets, social media and companies step up coverage.

US states New York and Connecticut launched a probe into the possible manipulation of the London interbank offered rate (Libor) by several global banks, over six months ago

Ernst & Young's ITEM Club economic outlook report says falling UK inflation will lead to consumer spending boost and return to economic growth in second half of 2012.

AAR is offering to end years of dispute with BP in deal that could see it acquire 12 percent of British oil major

US Justice Department identifies potential criminal wrongdoings by big banks and individuals in the interbank rate fixing in what is seen as one of the biggest financial cases.

JP Morgan revealed that the losses stemming from the Chief Investment Office's Bruno Iksil stand at $5.8bn and was due to systematic failures in risk management, models, monitoring and escalation.

London 2012 will not provide a long-term boost to the UK economy, according to a Reuters poll of economists, as the country searches for a way out of recession and towards a recovery.

The A-Z of the EU and ECB tool kit for building the bazooka-like firewall around the sovereign debt crisis

Pair say banks will be able to borrow at 0.25 percent interest to incentivise cheaper lending into the real economy, namely consumers and businesses.

Washington Post reveals memo to BoE Governor that casts doubt on his Deputy's testimony to UK lawmakers.

JP Morgan reports Q2 company earnings, and reveals $4.4bn loss after Chief Investment Office's Bruno Iksil made one of the largest legal trading losses in history. Investor call to follow soon.

Singapore's fortunes could be taking a U-turn after it posts an unexpected contraction in its economic data, following a fall in manufacturing and exports