Dr Elke Knig told members of the Economic and Monetary Affairs Committee that in the future, banks should hold "sufficient resources" to ensure they can be closed without hitting taxpayers, and that they must not rely on national governments "coming to their rescue" if they get into financial trouble.

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Customers register on the app and link their credit card, paying by scanning the code with their phones, and confirming the payment with a PIN or fingerprint. The merchant receives confirmation of the payment on their nominated phone.

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Introducing Mr. and Mrs. George Clooney Hollywood heart-throb bid goodbye to single life on Saturday when he married human rights lawyer Amal Alamuddin in a private ceremony at the 7-star Aman hotel on the Grand Canal.

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Before the crisis in 2008 there was little difference between Bank Rate and two – year fixed rates. Lenders were competing aggressively to attract new customers. The best two – year fixed deals even fell below Bank Rate.

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The prosecution was asking the Kenyan government to hand over documents that may have incriminated its own leader and asking witnesses to testify against the head of the most powerful institution in the country.