Business: Banking & Insurance - Page 5

Secrets and controversy cannot stop the inexorable rise of Glencore

The initial public offering for the world’s largest commodities trader made billionaires of its secretive senior management. Yet the sluggish response to the IPO for the new kid on the FTSE gives the game away; this market has peaked.

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Euro is buoyed by talks of Greek bail-out

Euro reaches three-week high amid reports of a new financial package to rescue floundering Greece.

$680m of Libyan state cash held by UK banks

Leaked report reveals major global banks held billions in Libyan assets.

Moody's may downgrade 14 UK banks

Three month review sees RBS and Lloyds face credit rating drop.

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First quarter report on Project Merlin reveals target shortfall

"Big five" banks will face consequences if they don't increase lending to SMEs to reach target numbers by the end of 2011.

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IMF: Euro countries must act now to save banks

New report warns that to overcome crisis, the efforts to strengthen banks must accelerate.

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HSBC to refocus on emerging markets

High street branches threatened with closure as bank targets $3.5bn in savings.

Banks abandon PPI appeal

Several million in line for compensation after British Bankers' Association admits defeat.

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RBS posts £116m first quarter loss and warns over PPI payouts

Possibility of "material" loss over compensation, bank admits.

Lloyds posts £3.5 billion first quarter loss over PPI provision

£3.2 billion earmarked for PPI payouts is largely to blame.

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