Sun, 14 Mar, 2010
Lloyds Banking is believed to be considering plans to hive off a portion of its giant commercial property portfolio into a separate, tax-efficient company. Senior figures within the bank are thought to have put forward the idea, which would see some of the £50bn to £75bn worth of assets and loans inherited by Lloyds following its merger with HBOS spun off into a real estate investment trust (Reit), says the Independent on Sunday.
Wed, 10 Mar, 2010
Lord Mandelson has tried to head off a transatlantic trade war by expressing concern at Washington's handling of a $35bn Pentagon procurement project that could spark European retaliation.
Tue, 09 Mar, 2010
Hundreds of City traders are rethinking plans to leave the UK for tax purposes in the wake of last month's landmark court ruling against a British businessman based in the Seychelles, it emerged yesterday.
Mon, 08 Mar, 2010
Santander has moved into pole position to take over the 320 branches in England being sold by Royal Bank of Scotland.
Sun, 07 Mar, 2010
Alistair Darling will refuse to bow to calls for more aggressive spending cuts in his budget this month and will stick to fiscal plans set out last year.
Fri, 05 Mar, 2010
The supertax on bank bonuses will reap more than £2.5bn for the Treasury, giving the UK government an unexpectedly large windfall to spend ahead of the general election, a Financial Times survey of 16 global banks has found.
Thu, 04 Mar, 2010
The Petrofac oil services group is on the verge of acquiring a string of North Sea fields in a deal that would pave the way for a $1 billion spin-out of its exploration and production division.
Wed, 03 Mar, 2010
Prudential has lost a fifth of its stock market value in just two days as Britain's biggest insurer battles to convince UK investors to pay up for its $35.5bn Asian expansion.
Tue, 02 Mar, 2010
The pound suffered its biggest one-day fall for more than a year yesterday amid the prospect of a hung Parliament and growing fears that this will prevent swift and decisive action being taken over Britain's public finances.
Mon, 01 Mar, 2010
Prudential has won the support of both AIG's board and the US government to buy the giant US insurer's crown jewel Asian assets for $35.5bn (£23.5bn), the Telegraph reports.
Sun, 28 Feb, 2010
The chief executive of HSBC is to take a bonus of £4m and donate it to charity. Michael Geoghegan will be the first chief executive of one of the UK's "big five" banks to agree to accept a bonus.
Fri, 26 Feb, 2010
Royal Bank of Scotland paid 100 investment bankers more than £1m each - yet has still warned that hundreds will defect this year over pay restrictions, costing the state-backed lender £1bn in profit.
Thu, 25 Feb, 2010
The Government has cleared Royal Bank of Scotland to pay its 17,200 investment bankers £1.3bn in bonuses despite losses for the year reaching £5bn across the group. The performance awards equate to £75,000 each and will lift total average earnings to £150,000.
Wed, 24 Feb, 2010
The European Commission has launched an anti-trust investigation against Google after three online companies alleged that the internet giant's search functions were penalising their businesses.
Tue, 23 Feb, 2010
British Airways crew have voted to strike and could throw the travel plans of hundreds of thousands of passengers' into chaos as early as next week.
Mon, 22 Feb, 2010
The chief executive of Lloyds Banking Group was under intense pressure yesterday to give up his bonus after the head of rival Royal Bank of Scotland (RBS) rejected a £1.6m reward.
Sun, 21 Feb, 2010
The Business Secretary, Peter Mandelson, has told senior colleagues that he backs plans for a state-run investment bank that would use public funds and private capital to back small business and large-scale UK infrastructure projects, says the Sunday Telegraph.
Fri, 19 Feb, 2010
The Federal Reserve has officially begun the US "exit strategy" from its emergency economic support measures of the past two years, raising the rate at which American banks can borrow money.
