Bank of America nears $16 billion record settlement with US regulators

Bank of America is closing in on a deal to pay the biggest US banking settlement in history, in a move that could serve as a riposte to European complaints that American watchdogs are unduly targeting their banks.

Vince Cable to bring in tougher penalties for 'dodgy directors'

Reckless company directors may have to compensate victims of their failed business dealings under new measures being brought forward by Vince Cable, the business secretary.

U.S. Trade Deficit Widens

The United States trade deficit surged to the widest imbalance in more than three years in January as imports hit an all-time high, the Commerce Department reported Friday, reflecting demand for foreign-made cars, computers and food products.