German banks cut back periphery lending
Cross border lending to weaker EU partners has dropped by nearly a fifth since January to the lowest level since 2005, according to central bank data
Financial Times
Move to break links with banks
Move to break links with banks
As bank and sovereign become more closely tied, lenders in weaker countries have in effect been seen as proxies for problems in the sovereign and vice versa
TNT Express posts improved earnings
TNT Express posts improved earnings
Second-quarter rise in profits offers good news for investors after the announcement of a delay in the Dutch delivery group's takeover by UPS
Pension Corp frees up £300m in Munich Re deal
Pension Corp frees up £300m in Munich Re deal
Backers say the arrangement would free up capital and leave the specialist insurer better placed to reach deals with larger pension schemes
