Group representing foreign missions says decision has 'caused havoc'

New Bank of England guidance policy could see interest rates held for foreseeable future

Fresh details emerge of how financier accused of one of the world's biggest frauds was tracked down

People may be disappointed if they bank on the equity value of property to finance retirement

PricewaterhouseCoopers has won the most lucrative audit in the FTSE 100 after being chosen to replace KPMG at banking giant HSBC.

Royal Bank of Scotland's new boss, Ross McEwan, was given a taste of the challenge he faces as the bank's shares slid despite it reporting the first two-successive quarters of profits since its £45bn taxpayer funded bailout.

Three people I met this week who work in the upper echelons of Big Four accounting firms said they intended to retire soon and thereafter find a role as a non-executive director somewhere. They don't much mind what kind of business – provided it is not a bank.

Wow, we're still angry with the banking sector. Apparently 70 per cent of us feel that banking executives should face criminal charges for their roles in the PPI mis-selling scandal according to, surprise, surprise, a PPI claims company.

Apparently, 63 per cent of us believe the solution to an ageing population and an increasingly short housing supply is for older relatives to move into the family home.

Despite its strong rate of economic growth in recent years, China has been a disappointing place to invest. This can be explained, at least in part, by the dominance of state-owned enterprises (SOEs), which account for a large proportion of China's stock market indices.

Construction output  is still 16 per cent below its pre-recession peak

New Zealander will be paid £1 million – £200,000 less than his predecessor