Lehman Brothers Holdings is claiming $500m from Barclays for allegedly failing to pay all the bonuses it agreed to when it bought the defunct investment firm's North American business.

The Bank of England will not hike interest rates until 2013 as the economic recovery remains "pretty weak," former treasury adviser Roger Bootle has said, a day after Bank governor Mervyn King dismissed an early rise due to the "sheer volume of debt in...

Standard Life Investments (SLI) has exited the money market funds sector, citing the "substantial" regulatory and capital burden upon the vehicles.

The FSA is investigating Prudential and its investment bank advisers Credit Suisse, JPMorgan and HSBC over the insurer's $35bn aborted bid for AIA, according to reports.

A record monthly increase in eurozone inflation unexpectedly sent the annual rate to a 29-month high in March, strengthening expectations that the European Central Bank will tighten monetary policy further this year.

The Chinese economy grew a faster-than-expected 9.7% in Q1 and its inflation rose to the highest level in almost three years despite government attempts to slow surging growth.

J.P. Morgan Chase & Co. has reported quarterly profit rose 67%, but revenue at the US bank remains under pressure amid sluggish loan growth and mounting mortgage costs.

Consumer Prices Index (CPI) annual inflation fell by a surprise 0.4% to 4% in March as the cost of food and drink lowered, but it is still double the Bank of England's target.

The IMF has cut growth expectations for the UK for this year to 1.7%, down 0.3% from its previous prediction in January.

Oil prices have jumped to a two and a half year high on fresh fears about supply and a weaker dollar.