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The government should end corporation tax relief on pay and bonuses worth more than £262,000 per year to raise £1.7bn for the public purse, the Trades Union Congress (TUC) has said.
Reckless bank chiefs who damage the economy could face jail sentences under new measures under consideration by the government.
The ten worst offending payment protection insurance (PPI) mis-selling firms could face costs of over £55m to enable regulators to deal with the problem.
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Aviva has seen a slight uplift in its protection sales over the third quarter as it continues its attempt to dominate the market.
Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.
Banks led markets sharply lower in early trading after a long-awaited report from Sir John Vickers and the Independent Commission on Banking proposed a radical shake-up of the sector.
John McFarlane, previously CEO of Australian banking giant ANZ, is being lined up to replace Lord Sharman of Redlynch as chairman of Aviva in June next year.
Two of the banking industry's biggest names were paid more than fifteen times their 2009 earnings last year, analysis suggests.
Northern Rock PLC has announced underlying losses of £232.4m for 2010 in its first annual results since being split from its toxic loans.
Qatar prime minister Sheikh Hamad bin Jassim says the state is interested in investing in RBS and Lloyds Banking Group.
Royal Bank of Scotland (RBS) has reported an annual loss of £1.13bn for 2010, improving on the previous year but still falling short of analyst expectations.
Barclays has announced it will create a maximum of 600 jobs in Scotland.
Although it’s not the start of a new year, September still seems to herald the beginning of a new season, a busy period after the traditional quiet lull of summer. Except the last few months have been anything but quiet in the land of ETFs. Existing providers are gearing up to launch new suites of funds as part of the “product evolution,” while other well-established issuers are expanding their geographical reach.
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