Citigroup is to break itself up by separating a large portion of its troubled investment bank and higher-risk US consumer finance businesses from its global commercial banking operations in a dramatic attempt to ensure its survival
Investment banking and money management likely to suffer as the UK bank cuts cost to cope with fallout from the credit crisis
Business leaders paint a bleak picture of the UK economy, with a survey suggesting a “frightening deterioration”.
Supermarket Tesco reports UK sales growth of 2.5% over the Christmas period after seeing “challenging trading conditions”.
The government-controlled bank is hoping to raise as much as $2.6bn from the sale its 4.3% stake in Bank of China after the market closes in Hong Kong
A £10bn loan guarantee scheme for small to medium sized businesses will be at the heart of a support package being announced by Peter Mandelson, the business secretary
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