Sir Philip Hampton, the chairman of the Royal Bank of Scotland, offered to cede a potential £1.4m ‘golden hello’ before Stephen Hester was awarded a near £1m bonus.

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RBS chairman Sir Philip Hampton turned down £1.4m bonus before Stephen Hester was awarded £1m

The richest college at the University of Cambridge, Trinity, has invested in the UK’s largest retailer by acquiring a 50pc stake in a portfolio of Tesco stores worth £440m.

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Cambridge’s Trinity College buys 50pc stake in Tesco stores

The Chancellor will have the power to force the Bank of England to pump cash into failing lenders in a future financial crisis under radical new laws published on Friday.

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Osborne gets power over Bank of England in a crisis

Facebook is reportedly preparing to file next week for a flotation that could value the world’s largest social network site at $75bn to $100bn.

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Facebook prepares to file for $100bn IPO next week

The Prime Minister’s attack on EU red tape was welcomed at Davos but his comments on the need for European leaders to stop tinkering and take bold action, and the implication that Germany needed to do more, did not go down as well.

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Davos 2012: David Cameron’s ‘stop tinkering’ call wins Britain few friends in Europe

David Cameron tells the World Economic Forum that the “madness” of European red tape must be stopped, while the EU’s top economic official says more public money will be needed to plug Greece’s funding shortfall.

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Davos 2012: live

If you’re a hard pressed chief executive amid all this alpine beauty in Davos at the World Economic Forum it’s hard to find the inspiration which this event promises to deliver.

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Davos 2012: Inspiration is there if you know where to look

Government-backed NS&I cut the interest rate on a key account by 0.25pc.

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National Savings & Investments cuts key savings rate

Talks to restructure Greek debt hit a new impasse after eurozone finance ministers sent Greece and its bondholders back to the negotiating table, saying the cost of sweeteners on new bonds were too high.

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Eurozone finance ministers reject Greek debt offer

Eurozone finance ministers have sent back a proposed resolution to Greek’s debt negotiations with its bondholders, according to EU officials, following a day when markets rose on hopes of an agreement.

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Debt crisis: as it happened January 23, 2012