British bank Barclays booked a 6.1 billion pounds ($9 billion) profit while carmakers floundered, but investors focused squarely on the fate of a U.S. stimulus bill worth more than $800 billion. Here is the latest news on the global economic crisis in STOCKMARKET NEWS >
Gordon Brown insisted today that there must be “no rewards for failure” in Britain’s banks. The Prime Minister's comments came despite reports that big banks that were bailed out with billions of pounds of taxpayer money are to pay more than in STOCKMARKET NEWS >
UK banks need to get back to basics to cope with the threat of a "deeper and more prolonged" recession than expected, the City watchdog warned today. The banking system is "vulnerable to further shocks", the Financial Services Authority (FSA) said in in STOCKMARKET NEWS >
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