Banks

Facebook frenzy turns to fury amid claims banking giants Morgan Stanley, JPMorgan and others tipped off a select number of investors about an analyst's negative report days before shares traded.

Britain should cut interest rates and consider quantitative easing to stimulate growth, the IMF says, on the back of reports showing 3 per cent inflation and predicting the recession is almost over.

The FTSE 100 index opens 44 points down after Moody's cuts the credit ratings of 16 Spanish lenders, including the UK arm of Banco Santander.

The rescue of Northern Rock could end up costing the taxpayer £2bn, according to a report by the spending watchdog.

The Spanish government denies that customers have withdrawn one billion euros from their accounts after shares in Spanish bank Bankia fall 25 per cent on Thursday as worries mount over its future.

JPMorgan's admission that it lost $2bn in six weeks sends bank stocks tumbling. If America's most profitable investment bank can admit sloppy trading, what on earth are the lesser banks up to?

Spain partially nationalised banking giant Bankia SA after concerns about its real estate exposure in a scenario reminiscent of the Irish crisis following the 2008 implosion of Lehman Bros.

Shareholder anger over salaries and bonuses has forced the resignation of top company bosses. But do not mistake this for an anti-capitalist revolution, writes Business Correspondent Sarah Smith.

The Clydesdale and Yorkshire banks are to cut more than 1,400 jobs in the UK by 2015 because of the "deterioration in the economic and operating conditions".