Economics / Markets

The number of people employed in the financial services sector increased by around 11,000 in the second quarter - the fastest growth rate since the financial crisis, research suggests.

Nervous markets were further soothed yesterday as Greek MPs passed a law to implement strict austerity measures in a second round of voting.

HSBC has confirmed around 460 adviser roles will be cut in a "re-shaping" of its UK business model ahead of the Retail Distribution Review (RDR).

The European Central Bank has indicated it will raise interest rates for a second time in four months at next week's meeting.

The UK banking sector has fallen behind its main competitors since the global financial crisis, a report has said.

London's leading share index has broken through the 5,800 barrier, boosted by strong showings overnight in the US and Asia, and ahead of a crucial vote in Greece.

Three individuals have been charged as part of a Serious Fraud Office (SFO) investigation into an alleged £10m 'Ponzi' scheme.

There are clear signs of a rift within the MPC over interest rates as deputy governor Paul Tucker said he is close to voting for a rise.

The UK economy officially grew by 0.5% in Q1, according to the Office for National Statistics'(ONS) third and final estimate for the period.

MPC dove Adam Posen has blasted as "nonsense" criticism of Britain's soft interest rate policy from the world's central bank.