Lloyds Banking Group has offered to exchange £4.9bn of its outstanding bonds in order to raise new capital.
Some 2,000 British pensioners set to lose bonds worth a total of £46m may revive legal action against the bank that issued them.
Update from Kames Capital's Colin Finlayson and Stephen Snowden, Investment Managers, Fixed Income
Update from Kames Capital's Stephen Snowden, Investment Manager, Fixed Income
Update from Kames Capital's Colin Finlayson, Investment Manager, Fixed Income
Conservative MPs yesterday increased pressure on George Osborne to cut taxes even if it had to be paid for by extra borrowing.
The government should create an investment vehicle to buy up business loans from banks, says a leading thinktank.
Europe's biggest banks have been warned they could face a debt buyers' strike by the Association of British Insurers, amid an increasingly bitter feud over controversial changes to their bonds.
The quality of financial advice given by advisers in high street banks and building societies has come under fire after a mystery shop by consumer watchdog Which?
Single premium bonds could provide the solution to the rapidly-growing funding requirements needed for children going to university, according to one chartered financial planner.