Britain's public finances showed a bigger than expected deficit in June, continuing a weak start to the tax year that leaves finance minister George Osborne with a lot of catching up to do to meet his fiscal goals.
The big banks are to set aside more than �1bn next week for new PPI mis-selling compensation, Sky News learns. 11:16am UK, Tuesday 22 July 2014.
Credit Suisse Group AG (CSGN) said it will exit commodities trading as a $2.6 billion fine to settle a U.S. tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008.
... * Q2 pretax profit up 9 pct to 94.2 stg. * Processor licensing revenue up 42 pct, royalty revenue up 2 pct. * See pick up in royalty growth in second half.
LONDON, July 22 (Reuters) - London's Canary Wharf district has won permission to build 3,100 new homes alongside the headquarters of some of the world's biggest banks.