Global regulators have reached a draft agreement on a rule on stopping banks from being ‘too big to fail’ by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis.

Divided global bank regulators are preparing for a showdown on rules intended to make sure taxpayers will not be on the hook when one of the world’s biggest lenders fails.

Google ridiculed as “peculiar and problematic” demands by EU antitrust regulators to change the way that it displays search results.