RBS

Lloyds Banking Group is expecting to make a profit in 2010 after making losses of £6.3bn last year.

Government plans to cut the budget deficit are not ambitious enough, a European Commission report will say on Wednesday.

The FTSE 100 was up 0.65% or 36.43 points to 5,630 early this morning as the rumoured RBS debt restructuring boosts financial stocks.

The City's leading investment banks are falling over themselves to get a slice of the $700m in fees on offer from Prudential's record $21bn rights issue.

London's RWC Partners says it will launch Ucits variants of each new hedge fund it establishes as long as the strategy meets key criteria.

Royal Bank of Scotland shares jumped 6.8% in early trading after the bank reported smaller-than-expected annual losses of £3.6bn.

Traders are making record bets against the euro, underlining the mounting alarm over the region's debt crisis.

The marketing fraternity would have us believe senior citizens enjoy a Golden Age.

The FTSE slumped 1.14% to 5080.80 in early trading as it continues to be battered by global concerns over the economy and debt issues in Greece and Portugal.

The FTSE 100 opened slightly lower this morning after falls on Wall Street and in Asia, dipping 4.76 points (0.09%) to 5,493 in early trading.