Britain's economy contracted by 0.4 percent in the final quarter of 2011, worse than previously thought, according to revised Office for National Statistics data.
After Barclays settles for a record fine for manipulating two of the most important interest rates in the global financial markets, IBTimes UK takes a look at it effects the wider market and public and how the rate setting needs to change
JPM's losses from Bruno Iksil's set of bad hedging bets that created one of the largest legal losses in history could be as much as $9bn, says a report by the New York Times.
In the light of the news of Barclays misconduct and the record £290m fine imposed on it by the Financial Services Authority, it’ll come as no surprise then that there’ve been numerous calls for the Chief Executive, Bob Diamond to resign.
Two-day meeting set to discuss markets, debt-sharing despite absence of Greek Prime Minister
Merkel warns against any immediate breakthrough in solving the debt crisis ahead of the two-day European Council Summit.
US-based IT firm blamed for high street bank account meltdown, says it will do all it can to fix problem.
EU summits solve nothing and the markets know it. Tomorrow's will just be another opportunity for empty rhetoric on solving the eurozone's deep crisis.
Barclays CEO Bob Diamond and three other senior executives will forego bonuses following the record Financial Services Authority fine for interest rate market rigging
Banca Monte dei Paschi di Siena (MPS) will seek €3.4bn in bonds backed by the government and possibly another one billion in private investor cash
Arson, bomb threats and government departures underline plight of Europe's "Sick Man"
Italy's third largest bank to cut 4,600 jobs and to close down 400 branches.
Chinese Premier Wen Jiabao wraps up his visit to Latin America with the announcement of a $10bn credit support for infrastructure development of the region.
Qatar's sovereign wealth fund ramped up its demands for better Xstrata price from mining giant Glencore
London-based Standard Chartered expects pretax profit in the first half of this year to grow by less than 10 percent, following a slowdown in Asia growth and weakening local currencies
Spain will get 'technical assistance' from IMF as Cyprus is added to list of formal EU rescue recipients following Eurogroup statement
German chancellor Angela Merkel rules out use of eurobonds ahead of crucial EU meeting in Brussels on eurozone debt crisis.
As Harry Potter enters 15th publishing anniversary, IBTimes UK looks at how it spawned global franchise.
The Bank of England governor Mervyn King warned that two new schemes to get banks lending are not guaranteed to work and help pull the UK out of recession.
Banca Monte dei Paschi di Siena is the first Italian bank to receive some form of state aid, after the Italian cabinet have offered to back the banks bonds, similar to Tremonti bonds.
The Swiss banks plans to slash one third of its senior employees in its European investment banking department (IBD) due to tighter regulation eating into its capital raising quest, say sources
Vassilis Rapanos would have been a key negotiator with EU officials on bailout terms.
Cyprus becomes fifth Eurozone state to seek financial help ahead of 20th Summit since crisis began in 2010
European stocks fell for a third day after a sale of short-term Spanish debt exposed the highest borrowing costs so far this year for Europe’s fourth-largest economy.
Weakening of Spain's credit worthiness and the lower standalone credit assessments of the banks are cited as reasons for the downgrade.
The banking crisis in Spain has deepened, as Moody's, the credit rating agency, has now downgraded 28 Spanish banks, including Banco Santander.
Shares in Italy's largest banks plummet after the head of Italy's banking association called on the European Central Bank to buy bonds
Italy's third largest bank rushes to government for aid, in order to plug €1bn funding gap
Rating agency Standard & Poor's said in a report that British consumers are unlikely to increase their spending and lead the country out of its double-dip recession.
The Reserve Bank of India unveils a number of measures to relax rules and limits on qualified foreign investors investing in India.
