The chairman of National Australian Bank (NAB) has quit as a director of News Corporation, as his NAB chair remains under siege.

Despite needing "a lot of management attention," National Irish Bank (NIB) will not be sold by its parent, National Australian Bank (NAB).

Troubled mortgage bank Abbey National today angered potential suitor Bank of Ireland by rejecting a takeover approach.

The London stock market suffered another bloodbath today – sliding nearly 3% as investors suffered a deepening crisis of confidence.