Belgian authorities have accused the private banking arm of HSBC of helping wealthy Belgians to avoid paying tax.
Bankers' pay could be clawed back in the event of wrongdoing under new proposals laid out by the governor of the Bank of England Mark Carney.
Inflation is the eurozone looks set to be lower than expected in the next two years, according to a survey by the European Central Bank (ECB).
Virgin Money has set its share price at 283p as it prepares to float on the London Stock Exchange.
The Bank of England was warned that inflation could fall below 1% in the next six months.
Five banks have been fined a total of £2bn by UK and US regulators following an investigation into the fixing of currency markets.
The amount of interest that can be charged per day by payday lenders has been capped by the financial regulator.
Japan's Nikkei stock market closed at a seven-year high yesterday (Monday) as rumours of a 10% sales tax hike being postponed intensified.
New rules to prevent banks that are 'too big to fail' from needing to be bailed out by government have been unveiled today (Monday).
Shares at outsourcing firm Serco plunged by 30% after it unveiled plans to raise £550m through a share sales.