Libyan citizens in UK have funds unfrozen

The plea came after the bank received apparently contradictory instructions from the old and new regimes requiring it to freeze the accounts (the old regime) and unfreeze the accounts (the new regime).


Italy courting disaster with austerity plan chaos

Italy’s plan to balance its budget by 2013 lacks detail, does not add up and changes from one day to the next, raising the risk that the country will be sucked back into the middle of the eurozone debt crisis.


Swiss HSBC unit loses plea to block database

One of France's highest courts rejected a plea on Wednesday by a Swiss unit of HSBC bank that a French government database of citizens holding bank accounts abroad should be blocked as an excess of power.


FRC passes claim about PwC to discipline board

The Financial Reporting Council (FRC), the organisation responsible for corporate reporting and governance, claims that PricewaterhouseCoopers (PwC) failed to report adequately on JP Morgan's compliance with UK rules to protect the investment bank�