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.

Aviva fires starting gun on Dutch float

Insurer will have a formidable war chest after Amsterdam listing of unit

Scotland puts a brave face on a slip in reputation

A global poll sees Edinburgh slide behind Dublin as a financial centre, but, as Simon Evans reports from the Scottish capital, the city is fighting back

Bidders chosen for £1bn offshore links tender

Thirteen companies are in the running to buy £1.15bn-worth of electricity transmission links to nine offshore windfarms as part of a £15bn plan to improve competition in the UK's green energy infrastructure.

Simon Evans: Turner's antidote would kill, not cure, the City

It's nearly one year since US powerbrokers allowed the collapse of Lehman Brothers, the Wall Street investment bank, leaving a trail of destruction in its wake. Lehman had gambled on the continued climb of property values, placing giant bets in the US mortgage market. Such a strategy was always doomed to fail, but it's easy to be clever after the event.

David Prosser: Everyone is an activist these days

Outlook New guidance on shareholder activism from the Financial Services Authority closes down one more excuse that institutional investors have used to explain their failure to properly exercise shareholder responsibilities.

Seb Josse wins Open 60 Fastnet Race

A quiet Frenchman, one of whose previous trips through the Western Approaches to Britain was filled with tragedy, and a compatriot known as Jeff, had the biggest smiles in Plymouth today at the end of the Rolex Fastnet Race.

Rothschild's Atticus to close two of its three hedge funds

Atticus Capital, the transatlantic hedge fund co-chaired by Nathaniel Rothschild, is handing back $3bn to its investors and shutting down two of its three funds.

Bob Diamond: The £50m banker with a taste for golf and bonuses

"I wake up every day with a smile on my face. My job is about helping people." So said Bob Diamond, describing his love of his job at a Barclays results presentation before the financial world changed forever.

Santander shows benefits of string of British deals

Banco Santander's boast about its "conservative lending policy" appeared to bear fruit yesterday as the Spanish group, which owns several British lenders, reported a sharp increase in profits.

Margareta Pagano: Dear Sir David ... the only code our boardrooms need is a code of honour

Britain's boardrooms will soon have as many codes to break as GCHQ.

Meinertzhagen to take adviser post at Oriel Securities

Peter Meinertzhagen, one of the City’s most respected corporate brokers, is returning to the Square Mile as an adviser to Oriel Securities, the fast-growing stock-broking firm.

The banker who felt he could not go on

Huibert Boumeester seemed to have it all. But the loss of his high-powered job was a devastating blow to his pride – and drove him to suicide

Missing banker found dead

A Dutch financier who went missing after leaving his job at troubled banking group ABN Amro has been found dead in woodland.

Official: RBS is the world's worst bank

Bank comes bottom in survey of 1,000 financial institutions with $59.3bn loss

Search for armed banker

Fears were growing last night for a former City financier who has been missing since Monday and believed to be in the possession of two shotguns.

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Pompeii, Capri & the Bay of Naples
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Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks
The haunting of Shirley Jackson: Was the gothic author's life really as bleak as her fiction?

The haunting of Shirley Jackson

Was the gothic author's life really as bleak as her fiction?
Bill Granger recipes: Heading off on holiday? Try out our chef's seaside-inspired dishes...

Bill Granger's seaside-inspired recipes

These dishes are so easy to make, our chef is almost embarrassed to call them recipes
Ashes 2015: Tourists are limp, leaderless and distinctly UnAustralian

Tourists are limp, leaderless and distinctly UnAustralian

A woefully out-of-form Michael Clarke embodies his team's fragile Ashes campaign, says Michael Calvin
Blairites be warned, this could be the moment Labour turns into Syriza

Andrew Grice: Inside Westminster

Blairites be warned, this could be the moment Labour turns into Syriza
HMS Victory: The mystery of Britain's worst naval disaster is finally solved - 271 years later

The mystery of Britain's worst naval disaster is finally solved - 271 years later

Exclusive: David Keys reveals the research that finally explains why HMS Victory went down with the loss of 1,100 lives
Survivors of the Nagasaki atomic bomb attack: Japan must not abandon its post-war pacifism

'I saw people so injured you couldn't tell if they were dead or alive'

Nagasaki survivors on why Japan must not abandon its post-war pacifism
Jon Stewart: The voice of Democrats who felt Obama had failed to deliver on his 'Yes We Can' slogan, and the voter he tried hardest to keep onside

The voter Obama tried hardest to keep onside

Outgoing The Daily Show host, Jon Stewart, became the voice of Democrats who felt the President had failed to deliver on his ‘Yes We Can’ slogan. Tim Walker charts the ups and downs of their 10-year relationship on screen