Lloyds is to sell a portfolio of UK corporate real estate loans to American private-equity firm Cerberus European Investments. The sale, which is part of the bank's continued non-core asset reduction programme, is for a cash consideration of �90m.
OneSavings Bank, the bank created out of a rescue deal for Kent Reliance Building Society, is preparing to float on the stock market next year.
Bob Diamond, the controversial former boss of Barclays, is to return to the City with a firm focused on African banking. "Diamond Bob" is hooking up with Africa's youngest billionaire, Ashish Thakkar, chief executive of African holding company Mara Group.
Edward Bonham Carter, one of the longest serving chief executives among the UK's top investment groups, is to step down as head of Jupiter Fund Management.
Demand for new staff is rising at the fastest clip since 1998 in England, in the latest sign of increased strength in the labour market.