Bank of America, the biggest US bank, is expected to post its fourth straight quarterly operating profit thanks to the same credit improvement that helped rivals such as Citigroup... more
Life assurer Aviva’s generous dividend policy was back in the spotlight today after one of its fiercest rivals, Legal & General, decided to cut its payout to shareholders in order to conserve £120 million of cash.... more
Finance: Citigroup and Morgan Stanley are set to announce a deal to combine their brokerages, a move that could trigger a fresh wave of consolidation in the troubled and thinning banking industry
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Shares of failed buy-to-let lender Bradford & Bingley were suspended at 20p before the start of trading on the stock market, to allow for the transfer of ownership into public hands... more
Bradford & Bingley slumps to yet another record low, losing a further 4p to 17¼p. The shares have fallen from a peak of 310p since the start of the year and are now being treated by traders as option money... more
It's been a few days of differing fortunes for those investors who took up shares in the massive placings launched last week by Barclays and its rival Lloyds TSB... more
Afternoon:
8°c
