Economics / Markets

Spain's collapsing residential property market is still overvalued, banking experts have warned.

The UK's stagnating economy avoided a triple-dip recession today after initial estimates showed it expanded 0.3% in the first quarter of 2013.

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One of the German government's closest economic advisers has warned the euro has a "limited chance of survival" and may only last for another five years.

Banking giant HSBC has proposed reducing staff numbers by 1,149 as part of a restructure of its wealth business.

Towry has added to a growing list of new arrivals, as the firm plans to expand through acquisitions following an aborted float.

The Treasury has warned an independent Scotland could have dire implications for sterling, leaving the UK pound vulnerable to speculators.