EDF Energy To Pay £3m Complaints Penalty

EDF Energy is the latest of the so-called "Big Six" suppliers to be slapped with a penalty for market failures. The regulator Ofgem said it had agreed to pay £3m to benefit vulnerable customers after its investigation found that the company...

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Bank of America $17bn Record Penalty Confirmed

A record settlement of almost $17bn has been officially confirmed between the US Justice Dept and Bank of America. The $16.65bn (£10bn) deal, which followed numerous federal and state inquiries, relates to the bank's role in the sale of mortgage-backed...

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Current Account Exodus At Troubled Co-op Bank

The troubled Co-op Bank has revealed it lost almost 30,000 current account customers in the first half of its financial year. The bank, which was forced to raise almost £2bn to plug a capital black hole last year, reported significantly lower losses...

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First-Time Buyers 'Getting A Shot At Long Last'

By Poppy Trowbridge, Consumer Affairs Correspondent The number of first-time buyer sales has hit a seven-year high, according to new figures from LSL Property Services. There were 30,000 first-time buyer sales in July, up by 25% on a year before...

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Ghosts And Gods 'Cannot Be Copyright Holders'

The debate over who has copyright over a selfie taken by a monkey has finally been settled. In a rare update to the US Copyright Office's (USCO) guidance – the last rulebook was published 30 years ago – the office said an animal, ghost or god cannot...

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Argentine Debt Plan 'Illegal' Says US Judge

Argentina's plan to take control of its own debt repayments to US bond-holders after a default has been ruled illegal by a court in New York. The federal judge in Manhattan stopped short of finding the South American nation in contempt of court,...

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Scottish Independence 'Risks Capital Flight'

A Yes vote in next month's Scottish referendum risks "capital flight" from the country leaving its financial system in a "parlous state", the boss of HSBC has warned. The bank's chairman Douglas Flint, who describes himself as an exiled Scot, said the...

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Fed Official Wants ECB Action To Lift Economy

A top official at the US Federal Reserve has called on the European Central Bank (ECB) to act to bolster the flagging eurozone economy to help the world's recovery. James Bullard, who is the president of the St. Louis Federal Reserve Bank, spoke out...

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Draghi: ECB Ready To Spur On Euro Economy

The boss of the European Central Bank (ECB) has revealed it is ready to do more to boost a shaky recovery in Europe. But Mario Draghi warned EU member governments they must still join in efforts to reduce unemployment, which remains stubbornly high....

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Ecclestone Return Heralds New F1 Board Revamp

By Mark Kleinman, City Editor Formula One (F1) motor racing is preparing for further governance changes as the sport's boss, Bernie Ecclestone, retakes his boardroom seat following a £60m bribery trial settlement. Sky News understands that Lehman...

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