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 (Reuters) - Citigroup Inc is leading other lenders in advanced talks with key U.S. senators on legislation that would allow judges to set new repayment terms for millions of mortgage holders who wind up in bankruptcy court, the Wall Street Journal said, citing people involved in the talks.
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Nationwide Building Society promised to cut its standard variable mortgage rate by however much the Bank of England decides to reduce Bank rate today.
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Royal Bank of Scotland is in discussions about a sale of its 2bn stake in Bank of China as part of its move to strengthen the bank's balance sheet.
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Utility group Scottish ? Southern Energy has placed 42m shares with institutions at 11.40 apiece raising 479m to fund future growth plans.
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Asian stocks declined wiping out the benchmark index's 2009 gains as the deepening global recession reduced profits and drove down oil and metals prices.
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Sir Stuart Rose tells James Hall why he remains optimistic despite M?S's poorest Christmas sales for a decade
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The European Central Bank has deemed Britain unfit for monetary union even if it wants to join following the dramatic slide in sterling and the explosion in the UK budget deficit.
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NEW YORK (Reuters) - Lyondell Chemical Co received bankruptcy court approval on Wednesday to access more than $2 billion in interim debtor-in-possession financing and an emergency $100 million loan, saying it had run out of cash.
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ITV will today announce it has signed its largest ever syndication deal giving 3.5m Virgin Media customers' ondemand access to popular shows such as Coronation Street and Emmerdale The Daily Telegraph has learnt.
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Fitch Ratings has warned that Britain's public debt will explode to almost 70pc of GDP by the end of next year vaulting past Germany to become one of the most heavilyindebted states in the industrial world.
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