One of the last remaining conditions the EU attached to the £45bn rescue of Royal Bank of Scotland has been removed in a step the chancellor said would help to get back taxpayers' money in the bailed out bank.
The chief secretary to the Treasury has poured cold water on plans being hatched inside Royal Bank of Scotland to pay bumper bonuses to senior staff.
Europe's antitrust chief says Google has one "last opportunity" to settle allegations it is abusing its dominant position in web search before he pursues legal action.
Britain's biggest bank, HSBC, is preparing to hand out multimillion-pound share awards to 1,000 of its top staff as it attempts to bypass the new European Union rules capping bankers' bonuses.
Credit rating agency Standard & Poor's incited the ire of European Union officials on Friday when it snatched away the region's top AAA rating, citing tensions between member states and a deterioration in their overall financial health.
RBS reached a settlement with the European Commission, in relation to competition law breaches concerning certain interest rate derivatives referenced to the London Interbank Offered Rate based on Japanese Yen (Yen LIBOR) and the Euro Interbank Offered Rate ('EURIBOR').
Brussels has unveiled plans to police financial market benchmarks in an attempt to prevent a repeat of the Libor and Euribor rigging scandals that erupted across the City and other financial centres last year.
Confidential documents have revealed the formidable lobbying operation waged by a tobacco giant seeking to undermine efforts to make cigarettes less attractive to children and women, and force packs to carry larger health warnings.
Britain and other member states have agreed with the European commission on new regulations that would see lifetime bans for traders and fines of up to 15% of their annual turnover for companies if they are caught rigging markets.
David Cameron failed on Thursday night in his bid to persuade European council president Herman Van Rompuy to agree to €6bn (£4.85bn) in EU administration costs. In his latest proposal, Van Rompuy declined to agree to any further cuts in administration.
David Cameron is to tell the president of the European council in Brussels that a compromise plan for the EU budget is unacceptable because it includes drastic cuts to Britain's multibillion pound rebate.