Economics / Markets

New European ‘banking union' proposals risk the ire of the UK's biggest banks as they could give EU officials broader powers over the City of London.

George Osborne will deliver his annual Autumn Statement on 5 December.

Moody's will strip the United States of its AAA rating if a deficit reduction deal is not struck in Congress, it has warned.

The next governor of the Bank of England will be found in the coming months after the post is advertised for the first time on Friday.

Professional indemnity (PI) insurance will not be cheaper for restricted advisers, despite some companies "peddling" this message to the industry, according to Sense commercial director Steve Young.

Shares across the globe fell overnight as renewed fears about Germany's likelihood of approving rescue plans plagued investors once again.

THE LAGGERS

The Bank of England's chief economist Spencer Dale has warned printing more money "might do more harm than good" and could cause harm for the future.

George Soros has urged Germany to "lead or leave the euro" just days before a key ruling on the eurozone's bailout fund by Germany's constitutional court.

The dangers of 'shadow banking' must be addressed to halt future financial disasters, Financial Services Authority (FSA) executive chairman Lord Turner has said.