Topshop and Miss Selfridge owner Sir Philip Green predicted a tough Christmas for the retail sector yesterday as his Arcadia empire reported a dip in profits.
A "toxic" and "aggressive" culture inside banks that led to scandals such as mis-selling will take a generation to change, according to a report.
The OECD has cut its forecast for UK growth as it sounded a warning about the dangers facing the world economy. Gross domestic product (GDP) is now expected to increase by 3% this year, down from 3.1%, according to the international think-tank.
HSBC Holdings Plc (HSBA) is being investigated by the U.S. Justice Department over allegations that a currency trader leaked confidential client information to a hedge fund, the Wall Street Journal reported, citing unidentified people familiar with the matter.
NATIONWIDE saw its gross mortgage lending fall by �900 million during the first half of its financial year as the UK's largest building society came under tough competition from big banks after several years of slimming down.