Economics

European banks could seek up to €1trn in extra funding from the European Central Bank's (ECB) emergency funding scheme in the February auction.

Hector Sants, chief executive of the Financial Services Authority (FSA), has apologised to MPs for the failure of the Royal Bank of Scotland which led to the multi-billion pound bailout of the bank.

The United Kingdom was one of only two of the 27 EU member states to refuse to sign a fiscal treaty on budget discipline last night.

The FTSE 100 has fallen 1.1% as concerns over Portugal and the continued lack of a Greek bond swap deal weigh on global markets.

Aviva Investors' London-based equity fund managers are at risk after the group said it is planning to cut 12% of its workforce globally in its latest shake-up.

Investors are fearful of a fresh wave of bank failures, as well as a return to recession in the UK, according to a survey carried out by the Centre for the Study of Financial Innovation (CSFI) and PwC.

Legendary investor Jim Rogers has said he would not buy Facebook shares because they would be "too expensive".

World-renowned investor and chairman of Goldman Sachs Jim O'Neill condemned UK investors' negative views on Russia as a 'British mental disease'.

The alleged rogue trader at the heart of a multi-billion pound fraud investigation has pleaded not guilty to two charges of false accounting and two of fraud.

Scottish Widows Investment Partnership (SWIP) has appointed Lucy O'Carroll to the position of chief economist.