High-street bank Lloyds TSB has shrugged off a £200 million investment loss with an upbeat view on current trading. Its second half profit will be propped up by £675 million made from selling two subsidiary businesses.

Northern Rock contender unveils £650 million rights issue plan as another reportedly walks away from helping the troubled bank.

Royal Bank of Scotland has revealed write-downs of £1.2 billion from the US sub-prime mortgage crisis, but is confident of beating profit expectations.

Northern Rock's biggest shareholder is today hoping for an improved offer for the lender after querying the value of the salvage bid led by Sir Richard Branson's Virgin Group.

Sir Richard Branson's Virgin consortium was today confirmed as the preferred bidder for troubled mortgage bank Northern Rock.

UK specialist lender London Scottish Bank said its broking division has been hit by the challenging market conditions.

UK specialist lender London Scottish Bank said its broking division has been hit by the challenging market conditions.

There were renewed fears today over lender Northern Rock's ability to repay its £24 billion taxpayer debts.

Troubled mortgage lender Northern Rock said today that its advisers had begun talks with 'a number' of interested parties.

Potential suitors of Northern Rock (NRK) must submit their proposals today to rescue the bank.