The U.K. bank-to-funerals business announced a £2.5 billion loss, bringing to an end what the CEO called a "disastrous year" for the mutual.» Read More
As U.K. Prime Minister David Cameron heads to Brussels this week to discuss EU tax policies, he knows there are far more taxing questions at home regarding whether his party want to remain within the Union.
An independent Scotland is at risk of a Cyprus-style banking crisis, as its banking sector would be "exceptionally large" compared to the size of its economy.
I was just at an interesting lunch with Garry Kasparov, the man who became the youngest world chess champion in history in 1985 at the age of 22. He held the title as the world's top player for 20 years before retiring to pursue other chess and non-chess related interests.
Tougher European Union curbs on bonuses will snare far more bankers than current pay limits, with banks having little time to prepare for the change, consultancy PwC said on Friday.
The process of matching jobless workers to vacancies is deteriorating in the euro zone, according to Goldman Sachs.
New car registrations increased by 1.8 percent to 1.08 million vehicles last month, marking the first rise since September 2011.
George Osborne's attempt to slash £11.5bn off public spending in election year has run into cabinet trouble, after ministers identified only £2.5bn in cuts to their budgets.
A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata.
First quarter gross domestic product data points towards a continued slowdown in Central and Eastern Europe unless the German economy improves, according to Lombard Street Research.
Watchmakers Swatch Group and Richemont as well as elevator maker Schindler are among Swiss stocks that stand to gain significantly from a potential free trade agreement between Switzerland and China, analysts told CNBC.
The number of Britons claiming unemployment benefit fell much more than expected in April, official data showed on Wednesday.
European shares were mixed on Wednesday despite France's fall into recession and Germany's worse- than-forecast growth figure, with analysts seeing the data as a "glass half full" scenario for markets.
Low-cost airline easyJet halved its losses in the first half, helped by Easter falling earlier and customers escaping cold weather in Britain and Northern Europe.
France slipped into recession in the first quarter of 2013, figures showed on Wednesday, while data from Germany highlighted that the country is not immune to the economic crisis crippling the broader euro zone.
The bailouts of the weakest banks in Slovenia should begin next month, the country's finance minister told CNBC on Tuesday, but he insisted that he is not concerned with the timeframe of the process.
Visa Europe, the European licensee of Visa Inc., has offered to cap its inter-bank credit card fees at 0.3 percent of transaction value for four years, the same level as the rival MasterCard network, to end a European Union competition investigation and stave off a possible fine.
Poland is forecast to grow in line with crisis-mired Ireland this year, as euro zone woes hit Eastern Europe.
Commerzbank is offering shares at a deep discount in a 2.5 billion euro ($3.3 billion) capital increase aimed at repaying funds it owes to the German government and insurer Allianz.
Britain's ruling Conservatives will unveil a draft bill on Tuesday that could make Prime Minister David Cameron's promise of a referendum on Britain's European Union membership legally binding.
As UK Prime Minister David Cameron arrives in Washington to press for a new EU-US trade deal, prominent members of his cabinet said Britain should no longer be a part of the European Union.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.