The proposed £2.5bn sale of 632 Lloyds Banking Group branches has been thrown into doubt after it emerged that only two formal bids have been filed. US President Barack Obama and top Congressional leaders are scrambling to agree a deal to raise America's $14.3 trillion (£8.8trillion) debt ceiling before financial markets open on Monday. Europe's second bail-out for the crisis-hit Greek economy risks undermining the foundations of the European Union, the president of Germany's Bundesbank has warned. Crispin Odey, one of BSkyB's most significant long-term investors, has backed James Murdoch's position as chairman by insisting he is still the right man for the job, despite some analysts saying his position is "untenable".Lloyds branch sale plan rocked as bidders disappear
Barack Obama warns of market meltdown
Greece bail-out is 'a risk to EU'
BSkyB investor backs James Murdoch
Sunday, 24 July 2011
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