Business headlines

US BANKS PASS FIRST 'STRESS TEST'
All 31 US banks have passed the first hurdle in the Federal Reserve's latest round of annual "stress tests" to see how they would cope in the next economic crisis.

UK 'NEEDS ACTION' ON DRIVERLESS CARS
The government needs to work out how driverless cars will be introduced onto UK roads, an influential group of MPs has said.

BANKER LOST JOB 'AFTER RISK FEARS'
A banker who claims he lost his job after raising concerns about his employer will have his case heard at a full employment tribunal hearing after losing a preliminary hearing.

FRAUD OFFICE PROBES BANK AUCTIONS
The Serious Fraud Office is investigating liquidity auctions held by the Bank of England during the financial crisis, the Bank says.

UK RATES MARK SIX YEARS AT 0.5%
UK interest rates are kept unchanged again by the Bank of England, meaning they have now been at their record low of 0.5% for six years.

ECB RAISES EUROZONE GROWTH FORECAST
The European Central Bank raises this year's growth forecast for the eurozone to 1.5%, and says it will begin its quantitative easing programme next week.

CHINA SETS 2015 GROWTH TARGET AT 7%
China, the world's second-largest economy, has set its growth target at about 7% for this year, the government said.

UK HOUSE PRICES DIP 0.3% IN FEBRUARY
UK house prices fell 0.3% in February leaving the average house price at £192,372, according to the Halifax.

BRAZIL RAISES RATES TO SIX-YEAR HIGH
Brazil's central bank lifts interest rates to a six-year high of 12.75% in an attempt to restrain inflation.

VIRGIN MONEY PROFITS MORE THAN DOUBLE
Virgin Money, the financial services provider which floated on the stock market in November, reports "record performance and profits" for 2014.