High street banks will need to start charging for current accounts to prevent mis-selling scandals, a senior policymaker has advised.Andrew Bailey, the executive director of the Bank of England and whose ...

* Much higher equity cheque than other auctions in market * RBC, JPM and Natixis underwrite debt LONDON, May 24 (Reuters) - Private equity firms Silver LakePartners and Partners Group are set to write ...

European Union leaders concluded their latest summit early on Thursday with few concrete steps to fix the continent's festering financial crisis even as the potential for a messy Greek exit from the euro ...

More than a third of older people do not feel that the income from their pensions and savings is enough to give them a financially stable future, a study has said.

* Bailey: myth of free banking must end * Signals low interest rates for "foreseeable future" * Banks' contingency plans for euro exit well under way * Pressure on banks to build up capital, ...

Pressure on Greece increased dramatically on Wednesday night after Germany's central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency ...

Not since the 1970s, when the UK was forced to ask for a bail-out, has the International Monetary Fund's "article IV" annual health check caused such a kerfuffle.

Spain's finance minister said the government would inject “at least €9bn” (£7.2bn) into ailing lender Bankia while insisting it was an isolated problem which would not spread to the rest of the country’s ...

Greece has denied that eurozone officials had recommended member countries prepare for the country's possible departure from the single currency.

A public address system usually reserved for firedrills at Ford's headquarters in Detroit delivered far less alarming news this week.

LONDON, May 23 (Reuters) - Britain's embattled Serious FraudOffice pushed for the arrest of Robert Tchenguiz, one of thecountry's most high-profile property magnates, in part becauseof an unverified report ...

Robert Tchenguiz, the entrepreneur under investigation for his dealings with Icelandic bank Kaupthing, had senior executives of the bank resident in his London home prior to its collapse, a court heard....

* 365 mln stg debt restructuring talks stall * No agreement with lenders over new money * Lenders start selling loans to distressed investors LONDON, May 23 (Reuters) - Private equity firm Apax ispreparing ...

LONDON, May 23 (Reuters) - Bailed-out Lloyds Banking Group is preparing to sell a second and smaller portfolio ofloans backed by UK commercial property, a source close to theprocess told Reuters. Offloading ...

* New home sales rise 3.3 percent in April * Median home price increases 4.9 percent from year-ago * Report adds to signs of momentum in housing recovery WASHINGTON, May 23 (Reuters) - New U.S. single-family ...

* State seeks stakes in companies pegged for role in itsdomestic development * Sees strong long-term outlook for commodities * Turns towards energy, diversifying bank, property-heavyportfolio DOHA, May ...

An external consulting firm charged with evaluating the structure of Europe's new permanent rescue facility has raised questions about whether it will have enough staff to function effectively, according ...

The Financial Services Authority has warned banks it will “take action” over the alleged mis-selling of interest rate swaps to small businesses if it finds “widespread evidence of breaches of our rules”....

European markets fell heavily on Wednesday morning as investors doubted an EU summit would lead to a solution of the eurozone's problems.

* FY underlying profit up 10 percent to 304 mln stg * PPI mis-selling claims quadruple in second half * Total PPI provision rises to 128 mln stg * CEO calls on Justice Ministry to regulate CMCs * To launch ...

(The following item was previously published by Basis Point, aThomson Reuters publication) HONG KONG, May 23 (Reuters Basis Point) - Wynn Macau Ltd launched on Wednesday at a bank meeting in Macau aUS$1.5bn ...

The Nationwide Building Society has increased home loans by 44%, boosting the number of mortgages provided to first-time buyers.Gross residential mortgage lending rose to £18.4bn in the year to April 4 ...

DUBLIN, May 23 (Reuters) - Ireland's National AssetManagement Agency (NAMA) plans to spend 2 billion euros ($2.55billion) to complete work on properties it has bought from thecountry's banks, saying it ...

David Cameron lashes out at fellow EU leaders for reviving a proposal for a financial transaction tax, as EU leaders fail to reach accord on a proposal for eurobonds following a six hour working dinner ...

* FY underlying profit up 10 percent to 304 mln stg * Takes 103 mln stg PPI provision (Adds details, background) LONDON, May 23 (Reuters) - Nationwide, Britain's biggestcustomer-owned financial services ...

(Updates prices, adds quote, details) * Former Greek PM: exit risk unlikely to materialize butreal * EU summit may not yield meaningful outcome * Yen falls as Fitch downgrades Japan ratings NEW YORK, May ...

The Bank of England should cut interest rates, print more money and ease the regulatory pressure on banks as part of a radical set of measures to return Britain to recovery, the International Monetary ...

* Move ratifies Sechin's decade-long control over state oilfirm * Masterminded string of deals with Western majors * Former military linguist is trusted confidant of Putin (Writes through with historical, ...

(Updates prices, adds quote, details, changes byline) * EU summit may not yield meaningful outcome * Germany says euro bonds do not offer solution * Yen falls as Fitch downgrades Japan ratings NEW YORK, ...

NEW YORK, May 22 (Reuters) - London-based financial softwareprovider Misys Plc has revised the terms of its buyoutloan, sources told Thomson Reuters LPC. The issuer's first-lien loan now includes a $125 ...

(Updates prices, adds quote, U.S. data) * EU summit may not yield meaningful outcome - analysts * Germany says euro bonds do not offer solution * Traders still wary of short squeeze in euro * Yen falls ...

DUBLIN, May 22 (Reuters) - Irish Life & Permanent indicated its banking arm would further reduce residentialmortgage rates, as it came under fire from customers furious athaving to pay more than homeowners ...

Wonga, the short-term money lender, has been censured by the Office of Fair Trading for “aggressive and misleading” debt collection practices.