A watchdog has claimed that "dark clouds" are gathering for the future of simple bank accounts designed for vulnerable and low-income customers.

Governance of the Bank of England is "defective", says the head of the Treasury Committee after the publication of three independent reviews into the Bank.

Citigroup, Deutsche Bank, HSBC and JPMorgan Chase are told by regulators that they need to hold more extra capital than their rivals.

The World Bank approves an $80m grant and pledges lending for Burma, the second poorest country in Asia, for the first time in 25 years.

US coffee giant Starbucks says an increase in customers going to its outlets boosted revenue in the fourth quarter by 6%.

Predicted future pension plans are having their values reduced from 2014 by the Financial Services Authority (FSA) to stop investors getting a "false impression".

RBS sets aside a further £400m to cover payment protection insurance mis-selling claims, as it reports a £1.26bn quarterly loss.

The chairman of an independent commission into UK airport capacity is to begin setting up an inquiry into the issue, and also announce its members.