Economics

The managers of the Ruffer investment trust are concerned further monetary easing may lead to another financial crisis on a par with 2007/8 as talk of yet more stimulus fuels 'risk-takers'.

The Euro Group's new president has warned the UK could be facing a "new sterling crisis" as concerns grow over the state of public finances.

Barclays chief executive Antony Jenkins has suggested the growing automation of the banking system could result in massive job losses over the next ten years.

The Federal Reserve has said US banks have enough capital to survive a severe economic downturn, as 17 out of 18 major institutions passed its annual stress tests.

Chancellor George Osborne is set to give incoming Bank of England Governor Mark Carney more powers in a bid to revive the flagging UK economy.

Sterling has jumped against the dollar, reversing this morning's losses, after the Bank of England's Monetary Policy Committee (MPC) voted to keep its quantitative easing programme unchanged at £375bn.

Sterling fell back this morning ahead of the Bank of England's Monetary Policy Committee (MPC) announcement as traders speculated whether the Bank will restart the printing presses to shore up the UK's economic recover.

Henderson's chief executive Andrew Formica has teamed up with Nichola Pease and a range of asset managers to launch an initiative to get young people in the UK work experience - and potentially jobs - in the City.

The Office of Fair Trading (OFT) has told the country's 50 leading payday lenders that they have 12 weeks to change their business practices or risk losing their licenses.

Sir Mervyn King, the outgoing Governor of the Bank of England, has written to a small business owner to offer his sympathies after the man's own bank refused him a loan.