Deutsche Bank and Morgan Stanley resign as brokers to ENRC (FT)
Deutsche Bank and Morgan Stanley have resigned as brokers to Eurasian Natural Resources Corp, adding to the woes of the embattled FTSE 100 miner.
The two banks resigned the roles in recent weeks, two people familiar with the move said.
The banks were unlikely to act as advisers on the potential bid for ENRC that was confirmed by a trio of large shareholders last month, one of the people said.
Harbinger Capital and manager Philip Falcone to pay SEC $18m (FT)
Philip Falcone and his hedge fund Harbinger Capital Partners agreed to pay $18m to resolve civil allegations by US regulators that he misused customer funds to pay his taxes, manipulated markets and gave favourable treatment to certain clients.
Mr Falcone also agreed to a two-year bar from acting as an investment adviser, according to a regulatory filing made by Harbinger. In the filing, the firm said Mr Falcone can continue to act as chief executive and chairman of Harbinger but cannot make investment decisions. Harbinger is also prohibited from raising new funds or making capital calls from existing investors for the two-year period.
Top paid RBS banker goes in reshuffle ahead of US float (Telegraph)
Ms Alemany, chief executive of RBS Citizens Financial Group, will leave the bank in October to be replaced by Bruce Van Saun, group finance director of RBS.
Last year Ms Alemany received a package worth £4.8m - £1.6m more than the bank’s chief executive Stephen Hester.
BT unveils pricing of new sports channel (Telegraph)
Subscribers will get access to 38 Premier League games per season, as well as exclusive Premiership rugby, women's tennis and other sports.
The offer is designed to attract customers to BT's super fast fibre optic broadband service, BT Infinity, which will cost £15 per month. It will also be available for free to standard broadband subscribers, who will pay £10 per month.
Lloyds bank announces a further 850 job losses (BBC)
Lloyds Banking Group is planning a further 850 job cuts and the closure of a large office in Essex.
The bank said more than 600 jobs would go when an office in Southend shuts, with the remainder going in its commercial and insurance operations.