Commerzbank is planning to cut 9,600 jobs and scrap its dividend “for the time being” as part of a plan drawn up by new chief executive Martin Zielke to boost the flagging profitability of Germany's second-biggest lender.
Despite the drop in mortgage approvals, indicators suggest UK house prices are likely to rise over the next quarter. Photograph: Gareth Fuller/PA.
More than 16m people in the UK have savings of less than �100, a study by the Money Advice Service (MAS) has found. In five areas of the country, more than half the adult population has savings below that level.
Comparison sites such as Go Compare to be put under the Competition and Markets Authority spotlight. Photograph: Linda Nylind for the Guardian.
Capita's share price went into freefall this morning after its first ever profit warning, with troubles at the tech reselling and recruitment services units blamed, as well as costly delays to its Transport for London contract.