News

Alan Hughes, the former chief executive of First Direct, is to lead a £1bn bid to buy 315 branches of Royal Bank of Scotland (RBS).

HM Revenue & Customs (HMRC) successfully prosecuted more than 600 people for tax evasion in 2012-13, more than double the amount in the previous 12 months and well ahead of its target for the year, figures show.

Warren Buffett's company Berkshire Hathaway has reported a rise in profits of 46% in the second quarter following big gains from the firm's investment portfolios.

Franklin Templeton has hired former Insight and Armstrong manager Toby Hayes to manage a new multi-asset range.

Investment bank Goldman Sachs has made a bullish prediction London's leading share index will break through its all-time high over the next 12 months.

The new chief executive of the Royal Bank of Scotland, Ross McEwan, was facing his first challenge this weekend after leading shareholders in the bank signalled they would not support breaking it up even if the Treasury insisted on going ahead.

The Government-backed Enterprise Finance Guarantee scheme is facing an overhaul in an attempt to boost lending to small firms.

Legal & General (L&G) has provided the strongest indication so far that institutions are responding to the government's drive to encourage more infrastructure investment by increasing the amount it plans to spend from £3bn to £15bn over the next decade....

Bank of England Governor Mark Carney will this week set out his long-awaited strategy for interest rates with a set of policies designed to reassure borrowers that rates will stay low for many months to come.

The Chancellor will not sell any of the government's stake in Lloyds Banking Group until September, dashing recent hopes in the City of a sell-off as early as this week, according to reports.