The major UK banks saw their core profits for 2012 wiped out by a mix of regulations and their own mistakes, a KPMG report says.

Asian markets open higher after officials say a bailout deal for Cyprus has been agreed, easing fears of a collapse of its banking system.

A 1% pay rise cap for public sector workers will be extended for an extra year to 2015-16, Chancellor George Osborne announces.

The bailout and rescue of Cyprus by the eurozone and IMF will not feel like much of a rescue to its people, who face economic misery, says our business editor.

A special committee of Dell's board confirms that it has received two takeover offers to rival the one made by founder Michael Dell.

What Cyprus can learn from South American errors

In Cyprus, cash is not the only thing in short supply now

The BBC looks at the deal that has been struck between Cyprus, the EU and the IMF, and considers the implications for the Cypriot economy and the eurozone.