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The British Bankers' Association (BBA) has announced changes to the way the London Interbank Offer R...

China's stock market became the worst major performing index in the world for 2008, ending the year down 65%, The Times reports.

The FTSE 100 shot up sharply for the second straight day following the Christmas break, adding 39.76 points, or 0.92%, to 4,359.11 by 9am.

Japan's stock market finished its worst year in history today after the world's second-largest economy was buffeted by the global financial crisis, a deepening recession and a soaring currency, The Telegraph reports.

Beleaguered bank RBS is poised to abandon the attempted £7bn sale of its insurance operations, which include the Direct Line and Churchill brand names, reports The Guardian .

A French hedge fund manager whose company lost as much as $1.4bn of clients' money in Bernard Madoff's corrupt investment firm was found dead in his Manhattan office yesterday, reports The Telegraph .

Whittard of Chelsea, the 122-year-old coffee and tea specialist, is understood to be on the brink of administration - putting up to 500 jobs at risk, The Independent can exclusively reveal.

Early gains for a handful of financial stocks has driven the FTSE 100 higher in early trading this morning - up 28.5 points, or 0.67% to 4,277.66.

Norwich Union (NU) will use the faces of Dame Edna Everage and Alice Cooper as part of an advertising campaign to let consumers know it is changing its brand to Aviva.