The Bank of England, in its quarterly inflation report, is expected to revise the forecasts for the economic growth and inflation in 2011.

Allied Irish Bank (AIB) announces that nearly 50,000 of its mortgage customers will be suffered by a 0.5 percent increase in the mortgage interest rates.

The bank posted pre-tax loss of 2 billion euro for the first six months of the year.

Managing director of AIB, Colm Doherty revealed that the bank was incurring losses on mortgages and thus pushed to increase the interest rates.

The President of the European Central Bank, Jean-Claude Trichet on Thursday, shared some words on Euro zone economy, expressing his optimism relating towards the same.

Besides, he posted that bank stress tests in July was highly required and is serving as a strong base in restoring the market's confidence thereby, extending some momentum to the European economy.

A new report has shown that the actual number of job cuts is much more than forecast by the economists. Also the 10-year bonds in Germany have in the first time in the last three months, posted their biggest weekly gain.

With the unexpected plunge in Germany's industrial production, the yield on 10-year French and Dutch securities was affected.

According to a report, people from low-income group or those who are out of job are being pushed with credit card and loan offers by banks, pushing them into a debt crisis.

The asset management unit of Italy's UniCredit, Les Echos has unveiled that French bank BNP Paribas and Natixis accompanied with asset manager Amundi have shown their interest in acquiring Pioneer Inv

The Financial regulator has fined Royal Bank of Scotland with largest record penalty of £5.6m for not having adequate control over the transfer of funds to the terrorist groups or other authorities in

American Banking group, Citigroup is all set to sell its UK online banking business, Egg, as a part of its divestment program.