News

Fears over the European debt crisis have escalated as a €6bn German bund auction fell flat today, showing investors are now demanding even higher compensation from an asset class previously seen as a safe haven.

Prime minister David Cameron has said he will look to see if the government can do more to help those who have lost money in the Arch cru debacle.

The FSA has appointed Sir Nicholas Montagu as chairman of the Financial Ombudsman Service to act as "customer-service champion".

The Bank of England's Monetary Policy Committee voted unanimously in favour of keeping bank rate at a record low of 0.5% and maintaining QE at current levels, while warning inflation is unlikely to fall as fast as expected.

Prime minister David Cameron will today be forced to answer calls for a government inquiry into the failure of Arch cru and the fairness of the redress scheme set up to compensate investors.

A Financial Policy Committee member has branded lobbying tactics by banks against tighter financial regulation as "intellectually dishonest and potentially damaging".

The US supercommittee's failure to agree a debt reduction plan means the country faces a second rating downgrade by the year end, an economist has warned.

The ABI has warned Europe's biggest banks they could face a debt buyers' strike, amid an increasingly bitter feud over controversial changes to their bonds.

The US Federal Open Market Committee(FOMC) is remaining cautious over the country's economic outlook, despite recent positive data buoying investor sentiment.

The Federal Reserve plans to stress test six major US banks against market shocks, as part of an annual review of bank health.