One of the UK's first and best-known internet banks was broken up today in a move threatening up to 600 jobs.
Prudential unveiled plans to boost growth and profits in its Asian markets yesterday, underscoring its belief in the region's potential following its abortive attempt to acquire AIA, the local arm of the American International Group (AIG), earlier this year.
Outlook There has been a sudden change of tack from John Tiner, chief executive of Resolution. Since this endeavour first floated two years ago next month, its ambition has been to build a portfolio of British life insurance businesses worth £10bn. Having got almost two-thirds of the way with the acquisitions of Friends Provident and the UK life business of Axa, a third big buy has been promised and is keenly awaited. Yesterday, however, Mr Tiner said the company might now opt for a series of smaller deals to achieve its goals and that another big takeover was not inevitable.
So he's still in a job then?
The stock market, once it has settled down after the euro affair, may be the investment answer
A grand city stay with star quality
Drivers who need to change or cancel their motor insurance are being hit by unnecessary charges.
In these risk-averse times, a 46-year-old woman with two children wants to know how to prepare for the long-term future. Harriet Meyer reports
The pound may continue to struggle against the dollar, but we're still up for a trip across the pond. And, in Boston, they're looking forward to hosting even more of us this year – a 9 per cent increase is predicted, which may not match last year's 12 per cent rise but is still pretty healthy in a recession.
The credit crunch is at least helping people about to retire – but it won't be for long, says James Daley
It is not the usual stuff of celluloid blockbusters – a quirky "dramedy" about two twenty-somethings in the 1970s who work as building society clerks in the dull suburban surrounds of Reading. Then again, nobody thought that about a comedy set in an office in Slough either.
Actuaries have more fun than you might think – including global travel