Economics

Sir Mervyn King has said the public has "every right to be angry" with banks, but urged people to move on from demonising bankers, in one of his final interviews before stepping down.

US markets dipped at opening on Friday following worse-than-expected consumer spending, rounding off a down week which has seen some of the heat come out of equities.

The FTSE 100 index fell once again today as nervous investors continued to take profits, but it remains on track to lock-in its twelfth consecutive month of gains.

The British Chambers of Commerce(BCC) has upgraded its long-term growth forecast for the UK, but warned the economy still faces domestic and overseas challenges.

UK equity markets have got off to a flying start this year, with the FTSE All Share and FTSE 100 both enjoying double-digit returns, but which stocks have stood out?

Outgoing Bank of England governor Sir Mervyn King is to appear on BBC Radio 4's Desert Island Discs on Sunday.

HSBC Global Asset Management has made two promotions within its Asian equities team.

Lloyds Banking Group is to sell its loss-making international private banking business to Swiss bank Union Bancaire Privée (UBP).

The pound could fall by as much as 15% against the US dollar from its current level, back to decade-long lows, if Mark Carney moves to devalue the pound via further QE over the next few years, PIMCO has warned.

Major indices across Europe have opened lower this morning, reversing gains made yesterday as the IMF cut Chinese growth forecasts.