The Eurozone economy failed to grow in the final quarter of last year, revised figures suggest.

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

Greece plans to raise €5bn from a new seven-year bond in its first attempt to raise funds since the EU-backed safety net agreement for the country.

The FSA is set to bring in new capital adequacy requirements for platforms, it said today in its platform discussion paper, warning the cost of ongoing business for some players will increase.

Alistair Darling used Labour's last Budget before the election to carry out a £19bn tax raid on the middle classes to help pay Britain's record debt, reports The Telegraph.

Prudential chief executive Tidjane Thiam will not be joining SocGen as a non-executive director amid strong shareholder anger at the proposed move.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to hold its quantitative easing programme and maintain interest rates at their historical low, its minutes reveal.

South African banking group Investec will join the ranks of the largest companies in the London market when it replaces Resolution in the FTSE 100.

Fund managers expect Europe - a forgotten player in investment terms - to emerge a "stronger player" from the Greek debt debacle.

BRITAIN'S top financial watchdog has warned the cost of bailing out the banking sector could be as much as £140bn - far higher than Treasury forecasts, reports the Daily Mail.