Economics / Markets

UK-listed banking giant Standard Chartered saw its UK share price fall by almost a quarter in early morning trading following allegations it assisted in a $250bn money laundering scheme.

Spanish stocks rallied sharply on Monday afternoon after a technical glitch shut down the country's blue chip index for almost five hours.

The UK's highly-prized AAA-credit rating should not be seen as the 'be all and end all' of government policy, Chief Secretary to the Treasury Danny Alexander has said.

Principal Investment Management has placed a number of veteran UK income managers onto its infamous Black List of funds, part of the group's latest Income Study.

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Charges on exchange traded funds (ETFs) and other low-cost products could rise following the introduction of new European rules, according to a report in the Financial Times.

Barclays Bank is considering a new remuneration process which would see bonuses for its top executives reduced and payment deferred until they have retired.

July US employment figures have come in well ahead of economists' estimates, helping stave off fears of a new US recession, despite a small rise in the unemployment rate to 8.3%.

The National Institute of Economic and Social Research (NIESR) has called on the government to loosen its debt reduction plans as growth forecasts are slashed for the UK.