UK

Former chief executive Bob Diamond is facing a battle to keep his £25m payoff from Barclays after it emerged the bank's board is looking into its legal position on his entitlements.

Neptune's Robin Geffen has revealed the ‘best of British brands' he backs in his £1.3bn Income fund which are soaring due to emerging markets consumer demand.

Members of Parliament have called on Bob Diamond to give up his payout from Barclays following the LIBOR scandal that has engulfed his former bank.

Bob Diamond has told MPs he feared Barclays would be nationalised during the credit crisis because of its high borrowing rate.

Three former members of Neptune's sales team, headed by John Lester, have joined Argonaut Capital Partners.

Analysts have suggested the fallout from the LIBOR price-fixing scandal may ultimately lead to significant asset disposals or even a break-up of the bank.

Annual costs have reduced returns of the average equity fund by 27.9% over a ten-year period, a Lipper report has revealed.

Bank of England governor Mervyn King said he voted for more QE at the last meeting of the MPC because he is fearful over the outlook for Asia, emerging markets, and the US, as well as the ongoing eurozone crisis.

The Financial Services Authority (FSA) has publicly censured Kaupthing Singer and Friedlander Limited (KSFL) for failures in the assessment and reporting of its liquidity position in 2008.

The computer glitch which has seen NatWest customers unable to access their money for a week could cost RBS chief executive Stephen Hester his bonus, according to reports.