Global role for Citi’s Asia consumer head
Citigroup has underlined Asia’s growing importance to the bank by naming its consumer banking head in Hong Kong as global head of retail banking, according to an internal email seen by the Financial Times. Jonathan Larsen has been given the task of bringing all of Citi’s retail businesses into the digital age.
YouView limps to Olympic launch
YouView, the long delayed internet TV service being backed by several of the UK’s largest broadcasters and broadband providers, will finally be revealed next week ahead of the Olympic Games, but boxes are not expected to be widely available until later this year as the main suppliers continue with testing.
City fear over Cameron’s EU demands
The City of London has raised deep concerns over David Cameron’s strategy in Europe, warning that the prime minister’s wishlist of “safeguards” in December could actually have damaged its standing as Europe’s financial centre.
Car insurers fail to reverse years of losses
Britain’s motor insurers will rack up losses over the next two years as premiums rise more slowly, says Ernst & Young. The continued failure of price rises to keep pace with the costs of claims means that the industry will fall into the red.
John Lewis: collect from our rivals
John Lewis customers will from next year be able to pick up goods ordered online at other shops or businesses, its managing director said.
The Daily Telegraph
Goodwin: We weren’t at fault in RBS failure
Former directors of Royal Bank of Scotland, including the lender’s disgraced chief executive, Fred Goodwin, have denied claims they did anything wrong before the bank’s collapse. The response was to an RBS shareholders’ lawsuit.
BP safety back in spotlight
BP faces fresh scrutiny over its safety record after an explosion at a gas plant in America killed one worker and injured two.
THE WALL STREET JOURNAL
Arrests made in huge online sting
Federal authorities have arrested 24 people in the US and a dozen other countries in what they say is the largest-ever undercover operation targeting stolen credit-card numbers. The FBI set up a fake online forum two years ago to attract thieves who steal personal info.
Delta Air sees fuel-hedging hit
Delta Air Lines said yesterday it expects a second-quarter operating loss after the sharp slide in oil prices left it nursing a big hit on its fuel hedges.