RBS 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…
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Lloyds 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.…
ByThe source of London's greatness
It was sweet, this bizarre agglomeration of people from all walks of London life. I went to the 1000 Most…
ByTheatrical teasers
London’s theatres are experiencing a classic season. If you call me any evening over the next few weeks, you’re likely…
ByThe bail-out: what's the cost?
The US taxpayer is being taken for the biggest ride in history. So Washington approved Hank Paulson’s $700 billion bail-out…
BySwiss, Liechtenstein bankers gather to defend secrecy
Senior Swiss and Liechtenstein bankers defended their countries’ banking secrecy laws, in declarations to a private wealth management seminar held…
ByBarclays warns of irreversible changes to system
The global financial landscape has undergone a radical transformation and there will be no return to a pre-credit crunch situation.…
ByReport: hedge funds not trimmed but slashed
US advisory group Hennessee says September will be the worst month for hedge funds in a decade. US advisory group…
ByOJ Simpson: justice and revenge
It is wrong to judge, but I can’t help how I feel. There is a God, after all, it seems.…
ByDowning Street darlings
Gordon Brown showed himself to be charming, funny even. Who knew? To 10 Downing Street for an invite from Gordon…
ByUBS cutting 2,000 more jobs to focus on core
UBS is to cut a further 2,000 jobs as part of a reorganisation of its investment banking business. UBS is…
ByBlogs We Like
DealbreakerGuardian DatablogMadame ArcatiLong or Short CapitalEconbrowser The Wealth ReportReal Time EconomicsIntelligence Squared Iain Dale’s Diary Guido Fawkes Huffington PostITA Wealth…
ByBrown to attend emergency European summit
Gordon Brown is to attend an emergency pan-European summit on financial stability. Gordon Brown is to attend an emergency pan-European…
ByWith Art London, it begins
Art fair time is upon us again. Break out the Amex Black. Art fair time is upon again. Break out…
ByFiddling the figures
Bankers win when they win, and win when they lose. Bankers are paid obscene amounts when times are good, but…
ByMiddle of Nowhere, New York
Watching the financial markets has been as entertaining as Ringling Brothers and Barnum & Bailey. I heard a funny story…
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