Barclays Plc , the first of Britain’s biggest five banks to report annual earnings, may say profit before one-time gains advanced last year, helped by a decline in writedowns at its investment banking unit.
Gordon Dickson learned something during his transformation from Bank of Scotland Plc risk officer and sterling millionaire to “Pete the Pirate,” an eyepatch- wearing children’s entertainer -- don’t invest in banks.
RSA Insurance Group Plc, the U.K.’s biggest non-life insurer, made a 5 billion-pound ($7.8 billion) bid for Aviva Plc ’s general insurance business in the U.K., Canada and Ireland, according to two people with knowledge of the situation.
Prudential Plc ’s Tidjane Thiam, who has staked his career on the $35.5 billion purchase of American International Group Inc. ’s main Asia unit, faces pressure from investors on both sides of the transaction as he negotiates to salvage the takeover.
Chancellor of the Exchequer George Osborne said lenders need to share the pain of tax increases as he announced a levy on lenders’ balance sheets. Investors and analysts say banks have dodged a bullet.
BP Plc’s board approved a plan to name Robert Dudley as chief executive officer, replacing Tony Hayward as the company looks to rebuild after battling the biggest oil spill in U.S. history, two people familiar with the situation said.
BP Plc , facing U.S. political pressure and public anger over the oil spill in the Gulf of Mexico, is considering cutting or deferring its second quarter dividend payment, the Wall Street Journal reported, citing an interview with Chief Executive Officer Tony Hayward .