Economics / Markets

Part-nationalised banks Lloyds and Royal Bank of Scotland (RBS) have announced plans to cut some 1,900 jobs in a move the Unite union called "brutal".

The FSA has fined the head of European credit sales at Credit Suisse £210,000 for improper market conduct and disclosing confidential client information.

The UK economy is perpetually subjected to shocks and pressures, rendering hopes of maintaining financial stability indefinitely "over-optimistic", Monetary Policy Committee (MPC) member Paul Fisher said last night.

The Royal Bank of Scotland (RBS) and 17 former directors, including former CEO Fred Goodwin, have been hit with a £2.4bn legal claim from a group of investors.

FIVE THINGS

The Chancellor George Osborne is to set out a plan to reduce corporation tax to 20% in next week's Budget.

The Bank of England will keep interest rates at record lows for another three years, according to Capital Economics.

The pick of this week's articles on IFAonline...

In the latest Interactive Financial Adviser debate, our panelists from Legg Mason subsidiary Brandywine Global and Newscape Capital Group discussed Currencies.

Greece has confirmed it received enough support from creditors to carry out a vital debt swap which drastically cuts the value of debt owned by bondholders.