Last week, the Financial Services Authority announced that all of the big four High Street banks had agreed to start a complete review of all such interest rate products sold to unsophisticated business clients.

BBC: Lloyds chairman: Bonuses to be 'lowest of any bank'

At the mercy of the banks, DeWelt agreed to a two-point increase in the interest rate, to 7.75% on its revolving line of credit borrowings and 6.93% on its term loan.

FORBES: Mismeasurement

The latest bonds pay interest of 15% the same rate agreed by Domingo Cavallo, a former finance minister, in a notorious bond swap in 2001 on the eve of the collapse.

ECONOMIST: Argentina

The chancellor agreed with Mr King's assessment of inflationary risks and outlook, which some analysts said suggested that an interest rate cut may still be some way off.

BBC: Consumer inflation rises to 4.7%