UK

Ratings agency Moody's is threatening to cut the ratings of 14 British banks including RBS and Lloyds.

The Bank of England is right to hold interest rates at record lows of 0.5% as governor Mervyn King takes a long-term view, according to George Osborne.

Blevins Franks is warning expatriates that the current UK rules for determining whether or not an individual is tax resident in the UK remain complex and unclear.

The National Institute of Economic and Social Research (NIESR) said it expects the UK to avoid another recession but warned it now faces a bleak period of low growth.

Old Mutual saw a net outflow of £2.6bn in the first quarter of the year, although assets under management edged up and Skandia saw growth in new business volumes.

Banking shares led the FTSE 100 lower late morning after Lloyds Banking Group revealed it had set aside £3.2bn to compensate customers for missold payment protection insurance.

It will be a year tomorrow since a General Election which saw Labour win 29% of the vote yet led to the Conservatives forming a coalition government with the Liberal Democrats took place.

One year, seven key developments, but is the coalition doing right by pensioners?

Coming into power so soon after the financial crisis, regulation was high up the coalition government's agenda, and the Treasury wasted little time in setting the course for change.

A year on from the explosion on BP's Deepwater Horizon oil rig that caused one of the worst environmental disasters in US history and saw the oil giant's share price plunge more than 50% in 50 days, we recap the key events...