News Josef Ackermann spoke of ‘shock’ at the suspected suicide of his colleague

Josef Ackermann, the chairman of Switzerland’s top-ranking Zurich Insurance Group and a former head of Deutsche Bank, has stepped down with immediate effect following the suspected suicide of the company’s chief financial officer.

A gold-plated scandal hits the bonus bank

Goldman Sachs, the blue blood of global banking, faces serious charges. And it may not end there

Merrill tries to woo back staff

Andrea Orcel, the £30m-a-year head of investment banking at Bank of America Merrill Lynch, is set to play a reduced role in the running of the business in the wake of the retirement of Matthew Greenburgh, head of the firm's financial institutions group and the man dubbed Sir Fred Goodwin's banker.

Exclusive: Fred Goodwin’s banker quits for retirement

Matthew Greenburgh, the man dubbed Fred Goodwin’s banker after advising on a string of deals for the former Royal Bank of Scotland chief executive, has today quit Bank of America Merrill Lynch

Questions Of Cash: 'I'm upset over treatment at French Connection'

Q.We corresponded in 2008 regarding excessive bank charges, which you featured under the heading "I was broke but my bank still charged me". Guess what, I'm broke again! I have lost income during the recession, this has led to me being ill and I owe university fees. When you took up my complaint, the legal action on excessive fees had just begun. I was suffering financial hardship at the time of the charges, but this had eased by the time I made my claim, so the bank rejected my claim for a refund. Following the Supreme Court decision finding in favour of the banks, are there grounds for a refund of charges if a person again suffers financial hardship? RH, Hove.

David Prosser: Why Barclays must not get ahead of itself

Outlook: The bank got supremely lucky when it lost out to Royal Bank of Scotland in the bidding war for ABN Amro

RBS set to pull coverage of small firms

The bank plans to recruit new staff to allow it to 'refocus' its equity research on FTSE 250 clients

Santander's march on UK continues and RBS is next

Ambitious lender issues half of all new UK mortgages

David Prosser: Sarkozy savours his sweet victory

Outlook You have to hand it to Nicolas Sarkozy. While most of Europe has been pussy-footing around last week's appointment of Michel Barnier, a Frenchman, as EU commissioner with jurisdiction over the City of London, France's President did not try to hide his delight. "I want the world to see the victory of the European model," Mr Sarkozy said yesterday. "[It] has nothing to do with the excesses of financial capitalism."

Business Diary: 28/11/2009

RBS gets another gift from ABN Amro

Royal Bank of Scotland has one more reason to regret its disastrous takeover of ABN Amro, a deal that lead to the departure of the boss, Sir Fred Goodwin. Guess where most of RBS's exposure to Dubai comes from? You got it: its Dutch subsidiary has always been a big player in the Middle East.

James Moore: The contract crackdown is just hot air

The FSA's oncern is the way in which people are paid and what they are paid for

Business Diary: A nicer way to describe those bankers

Many people have their own names for bonus-grabbing bankers – mostly unprintable – but Stephen Hester, chief executive of Royal Bank of Scotland (84 per cent owned by the taxpayer) uses a different term. He and his colleagues are now "stewards of public money", he explains. We know that, Stephen – it's the fact that you keep stewarding it into executives' pockets that worries us.

Barclays and HSBC march on Moscow

BarCap boss putting 'considerable' money to work in Russia

Osborne: What he said – and will it work?

After the Shadow Chancellor's tough love and harsh words in Manchester last week, we ask key figures in the commercial world what they thought of his conference speech, and his rescue measures – no holds barred

Shareholders consider suing RBS for £9bn to recoup losses

Former directors of the Royal Bank of Scotland, including Sir Fred Goodwin, could be sued for up to £9bn after shareholders announced plans to take legal action against the bank.

Angry bank shareholders meet to discuss legal action

Angry shareholders from banks nationalised during the financial crisis were meeting today to discuss plans to recoup their "confiscated property".

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