Economics / Markets

Falling household savings rates have contributed to the UK's economic recovery and prevented it from sliding back into recession, according to the Trade Union Congress (TUC).

Bank of England (BoE) governor Mark Carney is to unveil new guidance later today, giving the country more certainty on interest rates and economic stimulus.

Northern Rock and Bradford & Bingley's 'bad bank' paid back another £1.9bn to taxpayers in the first half of the year, the Telegraph reports.

Firms are not expecting a return to the "equity culture" seen in the 1990s, according to research conducted by the Investment Management Association (IMA).

Disappointing results have sent HSBC shares down 5% and erased the FTSE 100's early gains on the first day of trading this week.

Alan Hughes, the former chief executive of First Direct, is to lead a £1bn bid to buy 315 branches of Royal Bank of Scotland (RBS).

Warren Buffett's company Berkshire Hathaway has reported a rise in profits of 46% in the second quarter following big gains from the firm's investment portfolios.

Investment bank Goldman Sachs has made a bullish prediction London's leading share index will break through its all-time high over the next 12 months.

A senior Federal Reserve economist has criticised the European Central Bank for resisting further monetary stimulus.

Shares in the Royal Bank of Scotland dropped as much as 6% after the bank reported its half year results and announced its new CEO.