Economics

The European Union yesterday pledged to go it alone with a banking levy amid continuing disagreements over agreeing a worldwide plan.

Federal Reserve chairman Ben Bernanke believes the US recovery remains on track and world's largest economy should avoid a double-dip recession.

Prudential has declined to comment on whether its chief executive, Tidjane Thiam, would receive a bonus this year after the failed bid he fronted for AIA cost shareholders an estimated £300m.

Emerging markets are at risk of overheating and advanced economies face years of anemic growth and could face a ‘double dip', the economist known as Dr Doom warns.

Leading City experts have started raising the prospect of "Great Depression II" amid worries the European economic crisis could trigger a deeper bout of chaos.

Income investors could lose out if coalition Government forces extra levies on banks

Goldman Sachs was reported last night to be considering settlement talks with the US regulators over the fraud charges brought against it last month, reports The Times.

Warren Buffett's Berkshire Hathaway posted earnings of $3.63bn in Q1, more than reversing the $1.53bn net loss a year ago.

The cost of borrowing in Greece's rescue package is too high and the country still risks falling into a "debt spiral", says George Soros.

The financial crisis has cost the British economy up to £7.4trn in lost output, according to the Bank of England.