RBS Insurance profits plunge

Operating profits tumble 93 per cent to £11m, amid rising number of ‘no win-no fee’ lawyers bringing costly personal injury cases against motor insurers

• RBS chief faces up to staff cut criticism
• Lex: Royal Bank of Scotland

K1 founder claims immunity

Helmut Kiener petitions to be released from custody, arguing that he holds diplomatic status and lack of evidence against him

LCH.Clearnet streamlines ownership structure

LCH.Clearnet has announced it has completed its shareholder streamlining, ending a two-year saga over the ownership of the clearing house

RBS chief faces up to staff cut criticism

Stephen Hester claims ‘public and media excoriation’ that had been heaped on RBS bankers led to a ‘loss of people that had been damaging but not destructive’

FBI makes more arrests in Galleon case

US authorities have charged 14 more people in the investigation into insider trading at Galleon, the hedge fund founded by Raj Rajaratnam

A tale of ‘Greek’, ‘Rat’ and ‘bat phones’

Court documents describing an alleged “insider trading ring” discovered by federal prosecutors hardly read like the details of a typical white-collar case.

Fannie to draw $15bn from Treasury

The move comes after the government-run mortgage financier incurred a ninth consecutive quarterly loss – $19.8bn in the third quarter – that drove its net worth below zero

Charles Stanley looking to expand

Sir David Howard has indicated his desire to take on larger rival Brewin Dolphin amid a 6.8% rise in pre-tax profits in the six months to the end of October