The quarterly outlook for the UK is NIESR’s first in-depth analysis of growth prospects since George Osborne’s emergency budget. Photograph: Peter Macdiarmid/Getty The UK economy will only limp out of recession this year and growth in the following years will undershoot the expectations of the government’s fiscal watchdog, according to a thinktank. The National Institute [...]

Hypo Real Estate was one of seven European banks to fail a health check on the day that seven US institutions were taken into federal receivership. Photograph: Diether Endlicher/AP More than 100 banks in the US have now collapsed so far this year after another seven were taken over by regulators late on Friday – [...]

Hypo Real Estate was one of seven European banks to fail a health check on the day that seven US institutions were taken into federal receivership. Photograph: Diether Endlicher/AP More than 100 banks in the US have now collapsed so far this year after another seven were taken over by regulators late on Friday – [...]

Tower 42 in the City of London, home of the secretariat of the Committee of European Banking Supervisors (CEBS). Photograph: Jonathan Brady/EPA The stress tests had to clear two hurdles – transparency and credibility. On transparency, there’s a lot to cheer. The Committee of European Banking Supervisors (CEBS), aware of the dangers of appearing secretive, [...]