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Gordon Brown has finally admitted he made a ‘big mistake’ in failing properly to regulate the banks.

The European Union executive is not aware of any talks concerning Greek debt restructuring, European Commission spokesman Amadeu Altafaj said on Wednesday.

Scottish prosecutors and police have interviewed Moussa Koussa

exposure of the UK to the financial mess in Portugal is comparatively limited.

British banks are facing soaring borrowing costs as the government removes the props that have kept the financial sector afloat since 2008.

European bank stress tests combine "very conservative" definitions of what counts as capital and "maximum disclosure" to let investors get a clear view of lenders' health

Thousands of North African migrants could seek to enter Britain after Italy announced on Thursday that it would grant travel permits to more than 20,000 Tunisian refugees

George Osborne and his European counterparts are gathering today in Budapest, the Hungarian capital, for crisis talks after debt-stricken Portugal finally issued a formal request for help.

Spain could be next to seek a financial lifeline from the European Union.

Low radiation levels from Japan are being detected in Washington

Toshiba said on Tuesday it had dispatched 100 engineers to provide help and support at Japan's stricken Fukushima Daiichi nuclear plant and the neighbouring Daini plant.