One thing is clear– the Bank knew Libor was broken and did nothing

Paul Tucker, the Bank of England's deputy governor, says he is keen to give evidence to the Treasury Select Committee "as soon as possible" to clarify what he sees as the misconceptions surrounding the Libor fixing scandal.

Fraud trial for Rodrigo Rato over Bankia collapse

Rodrigo Rato, the former head of the International Monetary Fund, is to face trial for alleged fraud in connection with the spectacular collapse of Spanish lender Bankia.

Debt crisis: Italy's deficit to double, but Germany's to halve

Italy has almost doubled its deficit forecast, as Germany halved its, underscoring the increasing lag of "sinner states" that could persuade the European Central Bank to cut interest rates on Thursday.

Debt crisis: Greece admits it's off track on bail-out terms, as troika inspects

Greece's new finance minister, Yannis Stournaras has admitted that the country is "off-track" to meet the conditions of its bail-out agreements while his predecessor warned Athens would need three-years to get back on track.

Falklands oil players on the cusp of something huge

Stand by for action! The Falklands Islands could be making headlines again very shortly. And this time, it won’t be Cameron and Kirchner who are dominating the headlines.

The best emerging market to buy now

This Thursday’s Bank of England interest rate decision has investors’ mouths watering. Even more money-printing seems to be on the cards. Similarly, India’s central bank has been standing firm against its government too.

The $289 Trillion Problem

Two hundred and eighty-nine trillion dollars. An unimaginable amount. That is the total of derivatives outstanding at the top five US bank holding companies as of March 31, 2012, according to the Office of the Comptroller of the Currency (OCC).