Citigroup

Charles Prince, chief executive of Citigroup, ruled out making a bid for Barclays or any other big bank in Western Europe yesterday, ending months of speculation it was planning a significant acquisition in the region, reports the Times .

GORDON BROWN has decided against forcing millions of families to rewrite their wills, says the Times , and backed away from his controversial Budget measures unveiled in March.

A City lawyer is warning the FSA decision to fine Citigroup for its controversial Eurobond trades leaves financial firms open to the prospect of regulatory action even when no rules have been broken.

Christopher Warren-Smith , litigation partner of Barlow Lyde & Gilbert , warns the FSA ruling on a controversial eurobonds trade by Citigroup means financial institutions have to think carefully about strategy and execution.

ZURICH FINANCIAL SERVICES may drop the brand names of its UK life divisions, says the Times , once it merges Allied Dunbar and Eagle Star into one legal entity later this year.