Economics / Markets

The successor to Mervyn King will have an "unduly powerful role" thanks to Treasury plans to extend the powers available to the Bank of England (BoE), one of the bank's advisers has warned.

US Federal authorities are reportedly investigating RBS over possible dealings with Iran, the latest case of a UK bank coming under scrutiny from US regulators.

The Institute of Directors (IoD) has called on George Osborne to do more to cut taxes, reduce red tape and invest in new infrastructure in order to boost economic growth.

European markets rose in early trading as investors awaited a meeting on Greece's future and possible anti-crisis action from policymakers.

The Financial Services Authority (FSA) is to instruct banks to charge for current accounts, according to a report by consumer group Which?.

Apple has overtaken Microsoft as the most valuable company of all time after its share price surged this week, pushing the value of the company to $623bn.

Some 80% of people earning more than £50,000 a year will seek out some sort of professional financial advice, according to research released today.

A former director of Barclays has accused the Commons Treasury committee of launching a "completely unacceptable" character assassination of the bank's former chief executive Bob Diamond.

Chancellor George Osborne and the Bank of England have given up on promoting economic growth and current police could cause "irreparable damage", Alistair Darling has warned.

Profits at Royal London fell by 25% in the first half of the year as a slow market hit new sales and low interest rates affected revenues from customers' policies.