Economics / Markets

The International Monetary Fund (IMF) has shortlisted French finance minister Christine Lagarde and governor of the bank of Mexico Agustin Carstens for the top job as managing director.

Barclays will pay out compensation to all customers it sold payment protection insurance (PPI) who made a complaint before 20 April.

The Bank of England (BoE) today held interest rates at a record low as concerns about sluggish growth outweigh worries over high inflation.

Royal Bank of Scotland (RBS) group chief executive Stephen Hester has admitted the government's implicit subsidy to the industry may have fed into bankers' bonuses.

Citigroup said computer hackers breached the bank's network and accessed data on hundreds of thousands of bank card holders.

Almost 100,000 people have had to take second jobs in the past year to make ends meet, research suggests.

Japan's economy will shrink 0.7% this year because of the massive earthquake and tsunami which struck the country in March, said the IMF.

The German finance minister has described the current Greece bailout as "insufficient" and said a new aid package is needed.

Fears the UK government may undershoot its target to cut the budget deficit could threaten the country's credit rating, Moody's has warned.

Business Secretary Vince Cable has warned banks could be subject to extra tax if they do not increase lending to small and medium sized businesses.