A world-renowned US economist who was part of a secret “Plan B” team devised by Greece's former finance minister, has denied being involved in a “criminal gang” intent on bringing the drachma back to the country.
The former leader of the Conservative Party, Lord Howard of Lympne, is to be questioned by the Serious Fraud Office over the coming days in relation to a criminal investigation into an oil explorer where he is chairman.
Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said.
Bank lending to businesses is set to rise this year for the first time since 2008, according to the EY Item Club. The lending measure peaked in 2008 at �575bn, but has withered each year since, said the economic forecasting group.
Athens: Attention will be focused on Greece's embattled banks on Monday when the Athens stock exchange reopens after a six-week shutdown over the country's debt crisis.