Three top former HBOS executives have been blamed for the bank’s catastrophic collapse and a parliamentary committee suggests financial regulatory to ban these three executives from future roles in the financial sector. The Banking Standards Commission said former bosses Sir James Crosby, Andy Hornby and Lord Stevenson were largely to blame for the bank’s collapse. The scathing report blamed these executives for gargantuan failure of the bank which collapsed in 2008.

HMV will be salvaged by Hilco in a £50m deal which would see the restructuring firm acquire about 140 stores and effectively saving 2,500 jobs at the UK’s last major high street DVD and CD chain. Hilco is all set to sign a deal this morning which will see it taking over around 130 HMV-branded stores and nine outlets that trade under the cut-price music brand Fopp.

Cisco has taken over Ubiquisys, a small-cell technologies provider, for $310m (£205m) to strengthen its mobile services portfolio. Ubiquisys is the latest company to be acquired by a larger US participant. Through the cash and retention-based incentives deal, Cisco plans to expand its wireless portfolio and couple Ubiquisys’ technology with its own mobility and Wi-Fi offerings.

Online banking, also known as e-banking or internet banking, is the process of conducting financial transactions over internet with the help of a secure website that is being operated by a virtual bank, retail bank, building society or a credit union. There must be proper registration that the customer has to follow on the financial institutions website for accessing the services of online banking. Online banking isn’t only provided by traditional…

AstraZeneca has acquired AlphaCore Pharma, a US-based biotechnology company, which is currently developing a new type of cholesterol medicine. The acquisition was made through AstraZeneca’s MedImmune unit. The financial details of the deal were not disclosed.The British drugmaker’s new chief executive Pascal Soriot had earlier stated that AstraZeneca would be taking on more scientific risks by betting on a new and still unproven approach to cardiovascular medicine under AstraZeneca’s restructuring plan which will also see…

When it comes to healthcare needs of the individuals it is quality cover that has comprehensive features which matters and hence many people prefer the private health insurance companies to meet their requirements. However as inflation is being outpaced by premiums resulting in shrinking the choice of the insurer it signifies some tough times for those even on the private health insurance card. The five companies that offer the best…

Glencore has postponed Xstrata merger deadline again to May 2 due to an ongoing investigation into the deal by China. Glencore has been awaiting for several months for China’s approval of the merger before it can complete its $35 billion acquisition of miner Xstrata. China is the biggest buyer of the materials for Glencore and hence the commodities and trading company has decided to push its merger deadline further until it…

Bridgepoint has acquired Oasis Healthcare, which is one of Britain’s biggest private dental chains, in a deal worth £185m from buyout group Duke Street Capital, marking its second takeover in six years. Under the terms of the deal, Duke Street Capital will exchange a portion of the proceeds for a minority stake in the business.

Amazon has agreed to buy book recommendations site Goodreads for an undisclosed amount. The deal, which will be finalised in a few weeks, is the most prominent acquisition of a major book-focused start-up in recent years. Amazon’s Kindle devices will soon be infused with book recommendations from the world’s largest community of reading enthusiasts after it acquires Goodreads. Apart from offering special Easter deals, Amazon goes social with Goodreads acquisition.