UK banking shares dragged the FTSE 100 lower this morning as sentiment struggled following J.P. Morgan's revelation that it lost $2bn in a trade which went awry.
Ecclesiastical's Neville White argues it is time to hold company executives to account over renumeration, as the 'shareholder spring' movement gains momentum.
Nationalised lender Royal Bank of Scotland (RBS) is to repay the final tranche of the £163bn in emergency loans it took from the UK government, and will resume paying dividends on its preference shares.
Some Barclays shareholders are expected to vote against the pay of its top executives at the bank's annual general meeting on Friday.
Adjusted profits at UK lender Barclays surged by over a fifth in the first quarter of 2012, well above expectations.
Barclays has bowed to pressure from shareholders ahead of its AGM by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.
Barclays has launched a structured products service allowing financial advisers to tweak its product suite to suit the needs of clients.
The Association of British Insurers (ABI) has joined the shareholder revolt over Barclays chief Bob Diamond's £17.7m pay deal.
Standard Life Investments and other major shareholders in Barclays are understood to be preparing to vote against CEO Bob Diamond's pay package after the award of a tax-related lump sum.