Unemployment across the eurozone soared to yet another new record as analysts warned that the jobs pain would continue for months to come.

Barclays has snapped up the online bank ING Direct UK in the first deal struck under its new chief executive Antony Jenkins.

Barclays has agreed to purchase ING Direct UK in a deal that will see it acquire another 1.5 million customers.

The powerhouse services sector suffered its worst performance in eight months in June, a closely-watched survey said, fuelling fears the UK remains stuck in recession.

Mario Draghi, president of the European Central Bank, has breathing space to cut eurozone interest rates to a new record low as the threat of rising prices fades, experts said yesterday.

US President Barack Obama's hopes of a winning a second term this year gained a major boost yesterday as upbeat jobs figures revealed the biggest fall in unemployment for nearly three years.

The manufacturing sector suffered its worst quarter for nearly three years despite an “encouraging” performance in December, figures showed today.

HSBC is in talks to sell its US credit card arm, with Capital One Financial seen as the leading buyer for the $30bn (£18.5bn)-plus business.

Chancellor George Osborne has remained on track to meet his annual borrowing target, despite figures today showing a bigger than expected rise last month.

The rumour mill turned its attention back towards Man Group last night, as reheated speculation that the world's biggest listed hedge fund manager could be a target helped it to surge up the blue-chip index's leaderboard.

People planning to remortgage or fund a house purchase may find that the deals on offer get cheaper over the coming weeks and months, mortgage industry insiders have said.

The Government modestly undershot its expectations for public borrowing in the last financial year by nearly £5 billion, official figures revealed today.

during the first six weeks of 2011 there was a growing belief that the Bank of England Base Rate would increase sooner than initially anticipated, something that was reflected in the increased swap rates. This resulted in many lenders re-pricing fixed rate mortgages and left borrowers feeling that they had missed the bottom of the market.

The UK's recovery prospects were dealt a blow today after Chancellor George Osborne revealed a cut to growth forecasts and said the public finances were likely to be more stretched than previously expected.