Citi to put Egg up for auction

Citigroup is poised to put its British online bank Egg up for auction as part of a plan to dispose of billions of dollars in unwanted assets, the Financial Times said on

UK house prices up 0.6% in July

British house prices rose 0.6 percent in July, reversing the previous month's fall, mortgage lender Halifax said on Wednesday as it maintained its view that house prices would flatten off this year.

SocGen Q2 beats forecasts, says recovery fragile

French bank Societe Generale beat forecasts with an almost fourfold leap in second-quarter net profit as lighter loan-loss provisions and toxic assets helped offset weaker investment banking revenue. But the bank, which

BlackBerry unveils Torch to counter iPhone

Research In Motion unveiled a new BlackBerry smartphone with a touchscreen and slideout keyboard, hoping to raise its consumer appeal and fend off competition from Apple's iPhone. The BlackBerry Torch will go