The case against a counter terrorism officer accused of defrauding the Metropolitan police while investigating the July 7 bombings collapsed today after a judge ruled there was a lack of evidence against him.

Another week, another astonishing list of complaints about our banks. On Thursday it was the Financial Service Authority's turn to release statistics demonstrating just how little banks care about customer service. The City watchdog reported that around 1.3 million complaints about poor service or the misselling of financial products were logged against the high street banks in just six months.

Cash or gifts for doing nothing, that's the big appeal of reward credit cards. Basically, the more you spend using the cards the more points you earn and this in turn can bring you gift rewards or simply cash back. The concept has been around for years – first pioneered by American Express – but since the onset of the credit crunch the idea has increasingly caught on with all manner of providers now marketing their reward credit cards.

What sound could be sweeter than the dull crunch of a credit card being bisected by the kitchen scissors? It's set to be the soundtrack of the summer, long after the drone of the vuvuzelas has died away, and the grunts of ladies with excess endorphins on centre court are silenced.

London 2012 organisers have been criticised by consumer group Which? over their deal with the card firm Visa which prevents British sports fans using other cards to buy tickets.

The Statement from the Metropolitan Police Commissioner, Sir Paul Stephenson, was suitably sober and contrite.

US Outlook: I am being lied to all the time. In mailings from insurance firms, telephone calls from debt-restructuring salesmen, and in radio ads for refinancing mortgages, I am being deliberately and outrageously misled.

A Scotland Yard worker has been sacked for abusing a new corporate credit card introduced to stamp out fraud.