British business confidence is faltering in the face of continued economic uncertainty and remains close to an all time low, according to Lloyds TSB.
Scottish Widows' life insurance business could be shipped off to Allianz under a plan by Lloyds TSB to snap up German bank Dresdner.
James Hay has added 16 Lloyds TSB offshore funds to its wrap platform.
RESOLUTION IS sitting on a £400m cash pile which it will pay out to certain policyholders, according to the Daily Telegraph.
Treasury officials yesterday left the door open for a new chancellor to change the government's widely discredited fiscal rules following Gordon Brown's expected move to Number 10, reports the Financial Times .
The Financial Services Authority is coming under mounting pressure from City investors to clarify the rules which apply to foreign companies listing their shares in London, says the Guardian .
HSBC stunned investors late last night with a stark warning its bad debt provisions would rise by $1.7bn as a result of US borrowers defaulting on their mortgages, says the Daily Telegraph .
Confidence in personal finances among mortgage holders is at a four-year low, says polling firm Ipsos MORI.
Philip Hammond, shadow work and pensions secretary, hit out yesterday at the government's failure to help people who lost their life savings when company schemes went bust, says the Daily Telegraph .
More money left individual savings accounts (ISAs) in November than was paid in, according to figures from the Investment Management Association (IMA), reports the Scotsman .