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Free banking 'a dangerous myth' says BoE director

Executive director of the Bank of England, Andrew Bailey, says free banking encourages misselling and should be ended.

Mothercare boss to get 'ruthless' after massive losses

The UK arm of baby products retailer Mothercare has made a £103m loss, but let's not throw all the toys out of the pram just yet...

David Cameron's fury over financial tax

Quote of the day: 'It will put up the cost of people's insurance, put up the cost of people's pensions, it will cost many, many jobs. It will make Europe less competitive and I will fight it all the way.'

HMRC counting the pennies after job cuts

Stat of the day: £1.1bn - How much tax has been lost because of job cuts at HMRC.

We want Greece to stay in the euro, says EU

An informal EU summit in Brussels ended last night with EC President Herman Van Rompuy making clear he wanted Greece to stay in the eurozone.

Autonomy founder Lynch to leave HP

Mike Lynch, arguably Britain's most successful tech entrepreneur, has resigned from HP, the company he sold Autonomy to last year.

Nationwide to introduce SME lending

In a much-needed boost to small businesses in the UK, the building society has unveiled plans to introduce SME lending by 2013.

Ben and Jerry co-founder: profits and sustainability do mix

Jerry Greenfield tells MT that entrepreneurs should be socially responsible to be successful.

Silver lining after April retail slump?

Thanks to falling petrol sales after national panic buying, retail slides at the fastest monthly rate in more than two years, but it's not all bad...

Facebook no longer '800-pound gorilla'

Quote of the day: 'I guess that the 800-pound gorilla has gone on a diet'. Scott Sweet, senior managing partner of research firm IPO Boutique, who bought Facebook shares on Friday, says the massive share sell-off since renews questions about Facebook's lofty-$93bn market capitalization.

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