UP TO 5000 people are still complaining each week to the financial ombudsman about payment protection insurance, new figures show.
ZURICH - Credit Suisse Group said on Tuesday it would exit commodities trading and cut expenses at its foreign exchange and rates businesses, as a $2.6bn fine to settle a US tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008.
Renaissance Technologies LLC's desire to limit market risk drove it to use financial products now under scrutiny by a U.S. Senate panel for their potential tax benefits, said co-Chief Executive Officer Peter F Brown.
LONDON - Britain's Royal Mail said on Tuesday yesterday growing competition had cut its revenue expectations from parcel deliveries, leaving it reliant on tight cost control and its traditional letters business to hit full-year profit forecasts.
The food group Premier Foods is pinning its hopes of a turnaround on a relaunch of its Mr Kipling cake brand and the return of its Homepride Fred character after its half-yearly pre-tax losses more than tripled from �15.7m to �54.9m.