Economics

Lloyds Banking Group has reported a statutory loss of £3.9bn in the first nine months of 2011 after being hit with a £3.2bn provision for PPI claims.

Ex-New Star fund manager Patrick Evershed has started his case for constructuve dismissal against his former employer.

Hollywood legend Robert De Niro is to play disgraced financier Bernie Madoff in an HBO movie he will produce, according to reports.

The Spanish regulator has provisionally suspended trading in the shares of Banco de Valencia after reports the troubled regional bank faces a funding shortfall of €600m.

A week of near farce in Greek politics has ended with a government of national unity accepting the previously arranged deal.

Providers of Solar VCT investments have moved to close their latest schemes after the government proposed bringing forward the deadline for slashing subsidies.

Markets moved lower on Monday as fears over Greece and Italy remained despite the imminent formation of a Greek coalition government.

State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.

German chancellor Angela Merkel has warned the eurozone faces another ten years of economic uncertainty as the G20 fails to agree how to bail out Greece.

Jim O'Neill, chairman of Goldman Sachs Asset Management, has warned the need for German-led fiscal integration in the eurozone would make it increasingly difficult for all countries to stay in the single currency.