Industry

Skandia UK chief development officer Peter Mann will be named CEO of the business after Old Mutual announced Nick Poyntz-Wright is stepping down.

CHIEF EXECUTIVE INTERVIEW

Two Bank of England directors have been earmarked to take control of transferring banking supervision from the Financial Services Authority to the central bank if the Tories win the election.

The chief executive of F&C Asset Management collected a £1m cash-and-shares bonus last year as the spotlight turns on fund manager pay in the wake of the financial crisis.

Greece's financial problems continue to deteriorate as its four biggest banks have been forced to ask for State aid and government bond yields rise to fresh highs.

Gordon Brown has confirmed the General Election will be held on 6 May, with the state of the economy and the future of financial services regulation to be the key manifesto targets.

The Royal Bank of Scotland (RBS) has been slapped with a £28.6m Office of Fair Trading (OFT) fine for breaching competition rules.

The Government is understood to be considering plans to offload its stakes in Lloyds Banking Group and Royal Bank of Scotland just weeks after the general election.

The Chancellor has announced new targets for lending for the state-aided banks, Lloyds and Royal Bank of Scotland (RBS).

Measures to tax bank bonuses 50% have raised £2bn for the Treasury, part of which will be spent on a scheme to help small businesses thrive.