Co-op Financial Services has today entered talks with Royal London in order to sell its life insurance subsidiary, along with up to £15bn in assets under their Long Term Business Fund
Citigroup has defied expectations to post quarterly profits of $3.3bn for the three months ending June 2011
UK household debt is set to climb yet further, hitting 175% of disposable incomes by 2015
CFO optimism has fallen sharply
The UK’s GDP continues to grow at a snail’s pace, rising by just .1% over the past quarter
To the relief of businesses across the country, the Bank of England has again held interest rates at their historic 0.5% low for the 28th consecutive month.
The Bank of England should ‘seriously consider’ increasing the size of its asset purchase programme from £200 billion in a last ditch attempt to kick start the recovery.
Headcount in the financial sector has increased at its fastest level since September 2007, despite an overall reduction in the rate of business growth
A report published by Banker magazine suggests the UK banking sector has slipped behind its main competitors since the global financial crisis.
The recovery of the UK economy could be put at risk as increasing numbers of small and medium-sized businesses are not applying for external forms of business finance in order to run and grow their business.