The Parliamentary Commission on Banking Standards calls for new measures, including criminal sanctions, to make bankers responsible for their own failings.

Japanese exports rise in May by the most since 2010 as the yen weakens, providing a boost to Prime Minister Shinzo Abe's plan to revive the economy.

Dalian Wanda Group, a Chinese property developer, says it will spend £1bn ($1.6bn) to buy a British yacht maker and property in London.

A new consistent system of front-of-pack food labelling is to be introduced in the UK, the government says.

US satellite TV operator Dish Network says it will not submit a revised bid for Sprint Nextel, leaving the way open for a rival bid from Japan's Softbank.

Cyprus President Nicos Anastasiades urges eurozone leaders to help his country's biggest bank and sharply criticises the bailout agreed in March.

The average single person in their twenties will now have to save for over 14 years before they can buy a home, says the housing charity Shelter.

The Bank of England governor was outvoted again at his final monetary policy committee meeting, with the body voting 6-3 against more stimulus measures.