BP's talks with AAR about the British oil firm buying out its Russian partner in joint venture TNK-BP "have now more-or-less collapsed", according to reports.

General Electric shares fell sharply for a brief period in New York as investors reacted to what turned out to be a hoax press release.

Half of consumers could shun fees altogether and those prepared to pay will cap the price at £300, less than half the current average cost, according to research from the ABI.

Mortgage fraud increased by 14% in 2010, with first-party fraudsters responsible for 97% of cases.

A man who committed mortgage fraud while living on benefits has been jailed and ordered to repay £67,131 by Luton Crown Court.

Royal London has signed a deal agreeing terms for the potential takeover of Royal Liver.

Inflation fell by 0.4% to 4% in March as the cost of food and drink lowered, but it is still double the Bank of England's target.

The IMF has cut growth expectations for the UK for this year to 1.7%, down 0.3% from its previous prediction in January.

Aviva is selling 15% of its stake in Delta Lloyd and will no longer be the majority shareholder in the Dutch insurer.

Oil prices have jumped to a two-and-a-half-year high on fresh fears about supply and a weaker dollar.