Abbey National on Monday became the first large bank to stop issuing its own credit cards when it sol...
Schroders, the fund management group, is also launching a private equity fund of funds in the second quarter to capitalise on the growing interest among high net worth individuals in private equity, according to the Financial Times.
Shareholders are expected to put pressure on the Prudential insurance company to stop the head of American General cashing in more than $150m (£100m) of share options and bonuses as soon as the $24bn takeover by the British company is finalised, says the Guardian.
The Bank of Japan took the dramatic step yesterday of guaranteeing to keep interest rates at zero until prices in the troubled Japanese economy stop falling, reports the Independent.
Victims of pension mis-selling could find the value of windfall shares they received when their insurer floated on the stock market knocked off their compensation, if a legal battle goes against one investor, the Daily Telegraph reports.
Collegiate, a company that handles claims on behalf of the professional indemnity insurers used by financial advisers, is to challenge in court the assumption that windfalls should not count as part of any pension payout.
And the Times this morning says Friends Provident, the mutual life insurer, could list on the London Stock Exchange as early as July, in spite of tumbling world markets, it emerged yesterday.
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