Royal Bank of Scotland could be made to sell more than 300 branches by the European Commission as a penalty for receiving billions of pounds of state aid.
Negotiations between the Treasury, the Commission and RBS, which is 70 per cent owned by the taxpayer, were last night intensifying, according to The Times.
The Government is understood to back a plan which would involve RBS giving up its 312 branches under the RBS brand in England and Wales. It would keep its NatWest branches.
RBS has made plans to re-brand its RBS network south of the border under the Williams and Glyn's name, a brand that disappeared from the high street 24 years ago. See story...
The National Association of Pension Funds (NAPF) has called for a future government to hold a "serious debate" about the future of workplace retirement provision.
As the association kicks off its three-day annual conference in Manchester today, Joanne Segars, the chief executive, criticised recent "short-term" policy initiatives from both Labour and the Conservatives according to The Times.
The Government has proposed capping the pay of the top 40,000 civil servants and is trying to limit its public sector pension liabilities, while last week George Osborne, the Shadow Chancellor, proposed delaying the official retirement age by a year to 66. See story...
Economists reckon there is a good chance of unemployment breaking the 1 million mark today, reports The Telegraph.
Economists reckon the latest figures for August could show the number of 16 to 24 year olds out of work may break that mark after reaching 947,000 in the three months to July. The figures for the three months to July represented the largest number of young people out of work since 1992.
Overall, the number of unemployed people is forecast to climb to a 14-year high of 2.5m, driving the unemployment rate up to 8pc, as companies continue to axe workers in the face of falling demand. See story...
What made financial headlines over the weekend?
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000