“The total assets of a number of big banks have continued to soar: institutions with assets of $2 trillion are common. Such banks remain highly interconnected, though the extent of this might have diminished recently.” Photograph: Andy Sacks/Getty Images

No solvent government will allow its banking industry to collapse. Leveraged institutions whose liabilities are more liquid than their assets a(...)

Bank of England governor Mark Carney and other officials have played down suggestions that the housing market is overheating. Photograph: David Cheskin/PA Wire

Growth in British house prices cooled for the third straight month in March, despite recording their biggest annual rise in almost four years, (...)

UK unemployment fell by 63,000 to 2.33 million in three months to January, with the jobless rate at 7.2%, official figures have shown. Photograph: Andy Rain/EPA

The British government was given a pre-budget boost with new figures showing a record number of people in work and continuing falls in unemploy(...)

Britain’s J Sainsbury has ended a nine-year run of quarterly sales growth.

If only Justin King had decided to bow out at Sainsbury’s six months earlier. In his 10 years as chief executive of Britain’s third-larg(...)

Bank of England governor Mark Carney delivers a public speech in London on March 18th, 2014. He has  unveiled a radical shake-up of the Bank of England. Photograph: Sang Tan/Reuters

Mark Carney yesterday unveiled a radical shake-up of the Bank of England, introducing sweeping changes to senior management and its operations – in(...)

Ben Broadbent, incoming deputy governor for monetary policy at the Bank of England. He will replace Charlie Bean as deputy in charge of monetary policy.

Britain shook up the upper echelons of the Bank of England on Tuesday, naming two new deputy governors as the revamp of the central bank under(...)

Bank of England governor Mark Carney answering questions at a hearing of the treasury select committee in Westminster yesterday. Photograph: Reuters

The Bank of England insisted it had no warning of alleged manipulation of foreign exchange markets before last October, even a(...)

Euan Sutherland: said one or more directors were “determined to undermine me personally” as Co-operative Group chief executive. Photograph: Reuters/Luke MacGregor

Euan Sutherland’s brief reign at the Co-operative Group has been little short of a disaster for the 170-year-old mutual organisation. Br(...)

BoE governor Mark Carney signalled today he was not concerned that Britain’s economy was close to overheating

Britain’s economic growth quickened slightly in the three months to the end of February and is on course to recover its pre-recession peak over(...)

The SEC joins the CFTC and other US authorities including the Justice Department, Federal Reserve, Office of the Comptroller of the Currency and New York’s top banking regulator, in probing the matter. Photograph: Jonathan Ernst/Reuters

The US Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options a(...)

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