Markets

The Bank of England said it may reconsider the case for cutting interest rates once the impact of the new funding for lending scheme becomes clear.

Ben Bernanke, chairman of the US Federal Reserve, branded LIBOR "structurally flawed" in his first remarks since Barclays was fined £290m for attempting to rig the inter-bank lending rate.

HSBC has apologised to the US Senate after the bank was found to have allowed drug money to be laundered through its accounts.

PIMCO CEO Mohamed El-Erian has dismissed reports tipping him to become the next prime minister of Egypt.

Investors are now paying to hold European Financial Stability Facility debt, after six-month t-bills sold at a negative yield at auction for the first time ever.

Invesco Perpetual's Neil Woodford has given his backing to G4S chief executive Nick Buckles, saying the group's failure to deliver on its Olympic commitments is the fault of local management.

Bank of England deputy governor Paul Tucker came under fire again today as an email emerged showing he had discussed LIBOR rates with HSBC and RBS, as well as Barclays, back in 2008.

UK inflation has dropped to its lowest level since November 2009 after a shock fall to 2.4%.

Henderson Global Investors has acquired French property asset management firm Horizon Investment Management.

Bank of England governor Mervyn King will appear before MPs at the House of Commons this morning to give evidence on the UK's financial stability and the state of the economy.