Economics / Markets

Head of the Financial Services Authority (FSA) Lord Turner is expected to be criticised by MPs today over the watchdog's slow reaction to LIBOR abuses, according to reports.

Warren Buffett has spoken out about the rapidly deteriorating state of the European economy, warning that there is no obvious answer to the region's problems.

Imminent plans for another round of US quantitative easing were ruled out yesterday following the publication of the US Federal Reserve minutes, disappointing markets.

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The head of the Confederation of British Industry (CBI) has hit out at the government's implementation of its growth plan, calling it "really disappointing", according to the FT.

Former boss of Barclays Bob Diamond could be called to Congress to face questions from US politicians, the Guardian reports.

Lloyds Banking Group could have to pay out as much as £1.5bn if found guilty of manipulating the LIBOR rate, analysts at Liberum Capital have warned.

Goldman Sachs has predicted the London Olympic Games will boost the nation's economic output by as much as 0.4 percentage points in Q3.

The Bank of England (BoE) considered buying bicycles so its officials could move around London in the event of a full-scale financial meltdown, it has been revealed.

An independent financial adviser is spearheading a campaign to revive trust in financial services, which he said has reached "crisis point".