Winter insurance claims hit£650m
Insurers paid out£650m from 335,000 claims made as a result of damage caused by the wintry weather in the UK.
2010. March 11. 1:07
High flyer [BBC NEWS] Marc. 11. The extra ordinary life of the man from the Pru N Rock 'bad bank' set to return to profit [FT.com] Marc. 11. The bank's asset management business is on course to return to profit as early as this year, well ahead of the so-called good part of the nationalised lender Bright ideas [BBC NEWS] Marc. 11. Why intellectual property is not a luxury Independent day [BBC NEWS] Marc. 11. The Independent could be free under a new owner US reports record budget deficit [BBC NEWS] Marc. 11. The US government records a budget deficit of $221bn (£147.6bn) in February - the largest monthly deficit in its history. Regus uses insolvency tools to cut rents [FT.com] Marc. 11. The serviced offices group has demanded rental cuts and concessions from landlords under a plan that could see parts of its business being put into administration Shinsei in capital drive as merger falters [FT.com] Marc. 11. The Japanese bank is preparing to raise about Y75bn in fresh capital as a merger with a rival domestic lender once seen as a lifeline is in danger of collapse Upturn casts doubt on Japan banks' union [FT.com] Marc. 11. The logic behind the proposed merger of Japanese banks Shinsei and Aozora has disappeared following a return of stability to global financial markets NAPF to call for overhaul of rules [FT.com] Marc. 11. The trade body representing UK pension plans is to call for an overhaul of the accounting rules that govern the disclosure of company retirement liabilities Barclays' nous lifts hopes of US dream [FT.com] Marc. 11. The bank's retail banking division is drawing up a strategic plan which will focus on how the group could break into the US market via a big acquisition Citi chief is on a mission of transformation [FT.com] Marc. 11. Shifting focus and reviving belief are key to the bank's plans for change Pandit sees revival of Citi's fortunes [FT.com] Marc. 11. Vikram Pandit, Citigroup's chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mar...
