News

The EU and IMF have reached a deal on Greece which should prevent a default, but will involve a new round of austerity measures for the beleaguered nation.

Pressure is mounting on the Treasury over Arch cru today after a second MP called for the government to step in and investigate the role of the Financial Services Authority (FSA) in the failure of the cru fund range.

George Osborne has confirmed UK banks will be forced to ‘ringfence' retail banking operations to protect savers from risks taken in investment banking arms.

UK shares were under pressure in early trading after sharp falls in the US caused by a sharp rise in inflation.

Northern Rock is to be sold rather than remutualised or floated on the stock market, the Chancellor said last night.

Mervyn King has claimed low capital requirements and inadequate limits on leverage have been the most "tragic" aspects of financial regulation.

JP Morgan has launched a sterling hedged share class for its Diversified Commodities fund run by it alternatives arm, Highbridge Capital Management.

Shares in major UK banks have fallen following reports Chancellor George Osborne will force lenders to ring-fence their retail arms.

The Investment Management Association has moved back the date it will implement changes to the Managed sectors by three months after calls from members for more time to discuss proposals.

Three major French banks could have their credit ratings cut by Moody's because of their exposure to Greek debt.