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

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

Royal Bank of Scotland (RBS) group chief executive Stephen Hester has admitted the government's implicit subsidy to the industry may have fed into bankers' bonuses.

Portugal has moved a step closer to implementing a €78bn bailout programme after the country's Social Democrats (PSD) won a conclusive victory in the general election yesterday.

Growth in US employment slowed down significantly last month, adding to fears the economic recovery is faltering.

EASY AS ABC?

Prudential's chairman Harvey McGrath has insisted he will continue in his role despite a mini revolt at the company's AGM yesterday.

The Bank of England's Monetary Policy Committee (MPC) has remained split three ways on interest rates, minutes of its latest meeting show.

China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.

The FTSE opened sharply higher in early trading on Wednesday following positive corporate earnings updates in the US and advancing metal prices.