The Co-operative Bank has dropped plans for a sale but is continuing talks with existing investors in an attempt to bolster its capital reserves, despite complications with its pension fund.
Hornby, the lossmaking toy manufacturer of Airfix planes and Scalextric cars, says it is “significantly undervalued” by a takeover offer from its majority shareholder Phoenix Asset Management.
Financial markets and policymakers were too quick to forget the risks that brought about the 2008 financial crash, according to Claudio Borio, from the BIS.
The growth in borrowing on loans, credit cards and overdrafts slowed in May, figures from UK banks have shown, following fears of runaway debt levels.
Lord Adonis, chairman of the National Infrastructure Commission, has laid out the top 12 immediate infrastructure priorities on which ministers need to make "rapid progress" in the next year.