Economics / Markets

M&G global head of retail sales says industry is awash with mediocrity, which must be eradicated.

Markets moved lower on Monday as fears over Greece and Italy remained despite the imminent formation of a Greek coalition government.

HSBC and Standard Chartered could be dragged into a multi-billion dollar dispute between warring Saudi factions after the banks were forced to hand over thousands of potentially incriminating documents.

State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.

Warren Buffett's Berkshire Hathaway group lost more than $2bn on derivatives related to stock market performance in Q3.

HSBC has admitted a nationwide systems crash may have affected thousands of customers.

Bob Diamond was forced to defend his salary this morning, after he failed to mention the subject at a high-profile lecture last night.

Ten of this week's best-read stories...

Part nationalised bank Royal Bank of Scotland today reported clean operating profits had fallen sharply in the third quarter, while it had also taken a loss on its Greek debt holdings.

Bob Diamond, chief executive of Barclays, has said banks must accept responsibility for what went wrong during the financial crisis admitting they still had a long way to go to restore public trust.