Business Bites: Global probe into interest rate manipulation
2 July 2012 Last updated at 16:14 BST
Marcus Agius, the chairman of Barclays - one of the world's largest banks - has resigned following revelations about interest-rate manipulation by its staff.
It has now been confirmed that 20 other banks across the world are being investigated for their alleged involvement in the rigging of the so-called Libor inter-bank lending rates.
Meanwhile, unemployment has reached a new high in the eurozone with the number of people without work rising above 17.5 million in May.
The BBC's Philip Hampsheir discusses the key financial stories of the day.