Nationwide's profits rise 54% to £1bn

Nationwide building society has reported a 54% rise in annual pre-tax profit to £1.04bn as it regained its position as the UK's second largest mortgage lender.

RBS fined £56m over 'unacceptable' computer failure

Royal Bank of Scotland (RBS) has been fined £56m by regulators after a 2012 software issue left millions of customers unable to access accounts.

Barclays may face massive new penalty over currency rigging

Barclays could face a huge new penalty for rigging currency markets after pulling out at the 11th hour from the settlement talks that led to £2.6bn of fines being slapped on six other big players in the currency markets.

Small business economic confidence grows

Confidence among small business continues to improve, according to a survey by the Federation of Small Businesses (FSB). Its regular quarterly survey showed three-fifths of firms expect to grow in the next 12 months.

Indian companies help drive innovation, education and employment in the US

NEW DELHI: Indian companies have often been accused of taking benefits form the US, while not creating either jobs there.