Co-Operative Group Ltd. former Chief Executive Officer Peter Marks defended his role in the acquisition of Britannia Building Society and the pursuit of Lloyds Banking Group Plc branches amid criticism from lawmakers.
Edith O’Brien, the MF Global Holdings Ltd. assistant treasurer who has become a key figure in tracing the disappearance of as much as $1.6 billion in customer funds, declined to answer questions from House lawmakers.
Micromet Inc. , a 17-year-old biotechnology company with no medicines on the market, is attracting attention from product-hungry drugmakers. The lure: a technology for fighting cancer without using toxic chemicals.
Co-Operative Bank Plc, a customer- owned British lender, said it still intends to buy branches from Lloyds Banking Group Plc even as it reported a loss on surging loan impairments and weaker capital levels.
Pfizer Inc. will withdraw its blood cancer drug Mylotarg after 10 years on the U.S. market because studies didn’t prove it works and the treatment was linked to deaths from liver and lung complications.
Co-Operative Bank Plc’s former chief executive officer, Neville Richardson, said the lender’s owner ignored his warning about the “disastrous” consequences of buying 632 branches from Lloyds Banking Group Plc.
Lloyds Banking Group Plc, Britain’s largest mortgage lender, will consider alternative bids for the 632 branches regulators are forcing it to sell, paving the way to reopen talks with NBNK Investments Plc.