British Airways Owner IAG to Cut 4,500 Iberia Jobs

British Airways parent International Consolidated Airlines Group SA said it will eliminate 4,500 jobs at Spanish unit Iberia -- or more than one-fifth of the total -- after third-quarter profit tumbled 25 percent.
Serious Fraud Office Investigating BOE Liquidity Auctions
10:19 - March 5 -- The Bank of England’s efforts to aid banks during the depths of financial crisis are the target of an unprecedented criminal probe by the U.K. Serious Fraud Office. Bloomberg’s Jennifer Ryan reports on “The Pulse.”
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