What's happening to the banks?
The mayhem is set to continue, as the bear shakes out every bad bank, every bad debt, every toxic mortgage.…
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Wealth
Swiss authorities to restrict big bank bonuses?
Acting Finance Minister Eveline Widmer-Schlumpf said the Swiss authorities are considering measures to restrict pay and bonuses at big banks.…
ByOh, Mandy
His return to the Cabinet can only signal further canker in the body politic So Peter Mandelson is back. Is…
ByThe end of the affair
There’s always something quite poignant about the end of season at a holiday destination. There’s always something quite poignant about…
ByING receives 10bn Euro bail-out for government stake
Dutch banking and insurance group ING is to receive a government bail-out worth EUR 10 billion, which will result in…
ByNo further job cuts at Singer’s despite market rumours
Kaupthing Singer & Friedlander puts retention scheme in place for the remaining staff. UK administrator Ernest & Young have confirmed…
ByFrench PM calls for ban on offshore banking
François Fillon, French Prime Minister, is calling for offshore centers to be closed down in an attempt to control what…
ByDetention defeated
The scale of the humiliation doubtless was exacerbated by the intervention of Tony McNulty. The defeat of the proposal to…
ByGlobal shares plummet again
Yesterday, the FTSE closed down 7.16 and New York hit an all time low since 1987. Today, Asian shares nose-dive…
BySinger & Friedlander cut jobs after sale falls through
Six private banking staff at UK private client business Singer & Friedlander were let go yesterday, a spokesman confirmed. Six…
ByWatch this space
Check this post for regular updates during Frieze Week. Frieze Week is officially upon us, starting last night with a…
ByBarclays derides RBS’s recruitment chances
Barclays appears to be getting into a war of words with Royal Bank of Scotland. Barclays appears to be getting…
ByThe Omagh Bomb failures
The police have failed to prosecute the four suspects identified as the bombers. In August 1998 Irish republican terrorists detonated…
ByNumber of billionaires now less numerous
The wealth of billionaires worldwide is being slashed by the plunge of financial markets and the plummeting values of their…
ByRBS to raise £20 billion in new capital, lose CEO
RBS is to raise £20 billion in new capital. The first £15 billion will be raised through the issuance of…
ByLloyds TSB revises HBOS acquisition terms
Lloyds TSB has announced revised terms for its acquisition of HBOS and also said that it is planning to raise…
ByDeutsche Bank’s new advisory plan
Deutsche Bank unveiled plans to create about 2,500 new advisory positions at its Private and Business Clients division in Germany…
ByThe fall-out: how long?
No-one in authority knows how long the fall-out from the credit crisis will last. No-one in authority has hazarded a…
ByBonuses in City crash by 60 per cent
The bonuses paid by banks in the City of London’s will be 60 percent lower this year. The bonuses paid…
ByHMRC prolongs tax haven disclosure period
Revenue & Customs is planning to offer UK taxpayers a second chance to make disclosures on their offshore bank accounts.…
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