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.

RBS lost more than any other bank

Part-nationalised Royal Bank of Scotland lost more money than any other bank in the world last year, a leading industry journal declared today.

RBS chief Stephen Hester set for £9.6m incentive package

Royal Bank of Scotland is set to reveal a £9.6 million pay package for its chief executive, it was reported today.

Goodwin agrees to scrape by on £342,500 a year

Banker who presided over the collapse of RBS bows to public pressure and accepts 40 per cent reduction in his pension deal

Former RBS boss Sir Fred Goodwin agrees to pension cut

Former Royal Bank of Scotland boss Sir Fred Goodwin bowed to public pressure today and offered to hand back more than £210,000 a year of his controversial pension payout.

Key executive set to quit RBS broker – and take his team

Hoare Govett, the City stockbroker owned by Royal Bank of Scotland, is expected to face fresh turmoil this week when the head of its key smaller companies research unit quits.

Jeremy Warner: Myners wants to force investors to be more engaged

Outlook Lord Myners, the minister for the City, made an appropriate stand-in guest speaker for the Investment Management Association's annual dinner the other night, because the man who was meant to give the speech was none other than John McFall, chairman of the very same Treasury select committee of MPs which has just issued a scathing report on Lord Myners' handling of Sir Fred Goodwin's pension. In it, Lord Myners is accused of naivety and failure to grasp the issue.

Bad debts at RBS 'could soar to £12bn'

Bad debts at part-nationalised Royal Bank of Scotland could soar to almost £12 billion this year, the bank said today.

Hester completes RBS clear-out as last Goodwin lieutenant stands down

Gordon Pell is the latest RBS director to retire with a huge pension

Market Report: Next trades higher on retail recovery hopes

Next led the retail sector higher last night, closing with gains of more than 7 per cent amid hopes of an earlier-than-expected recovery on the UK high street, which has suffered as the recession has gathered pace.

Change for the better: Escape the rat race and work with charities

Much of Rob Owen's CV reads like that of a JP Morgan executive. For 17 years after graduation, his career trajectory was clear, with stints at Nomura International, Schroder Securities, and ABN-Amro propelling him towards a seemingly inevitable place on the board of a global investment bank.

Bruce Anderson: Stop lecturing us Mr Brown – you'll have time enough next year

Frau Merkel, for one, is in no mood to buy an ill-thought-out fiscal package

Sir Fred could face legal action over role at failed bank

RBS board launches investigation into what former chief executive knew about risky sub-prime trading

RBS has raised job cuts total by 400, MPs told

The deputy chief executive of Royal Bank of Scotland told MPs yesterday that the Government-controlled bank was set to cut 2,700 UK jobs, 400 more than RBS had previously announced.

Credit crisis diary: Job cuts on the way – just don't tell the staff

When staff at Euromoney were told they would have to take unpaid holiday this year, they took some comfort from their employer's reassuring promise that the measure would help to limit job cuts. Euromoney, however, seems to be telling the City something different. Analysts at Royal Bank of Scotland report: "Euromoney has stepped up its cost-cutting plans, with a target of taking out 15 to 20 per cent of group headcount this year (ie 350 to 400 jobs)." Lots of Euromoney staff are going to be taking even more unpaid holiday.

Latest Fortis bid may be third time lucky

The plan may finally win Fortis shareholder support
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There will be a chance to bid for a rare example of the SAS Diary, collated by a former member of the regiment in the aftermath of World War II but only published – in a limited run of just 5,000 – in 2011
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Elton John and David Furnish exchange marriage vows
peopleSinger posts pictures of nuptials throughout the day
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File: James Woods attends the 52nd New York Film Festival at Walter Reade Theater on September 27, 2014
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Martin Skrtel heads in the dramatic equaliser
SPORTLiverpool vs Arsenal match report: Bandaged Martin Skrtel heads home in the 97th-minute
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Billie Whitelaw was best known for her close collaboration with playwright Samuel Beckett, here performing in a Beckett Trilogy at The Riverside Studios, Hammersmith
people'Omen' star was best known for stage work with Samuel Beckett
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Mark Wright has won The Apprentice 2014
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Darrell Banks’s ‘Open The Door To Your Heart’
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Detective Tam Bui works for the Toronto Police force
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X Factor winner Ben Haenow has scored his first Christmas number one
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Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
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Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all
The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there
The 12 ways of Christmas: Spare a thought for those who will be working to keep others safe during the festive season

The 12 ways of Christmas

We speak to a dozen people who will be working to keep others safe, happy and healthy over the holidays
Birdwatching men have a lot in common with their feathered friends, new study shows

The male exhibits strange behaviour

A new study shows that birdwatching men have a lot in common with their feathered friends...
Diaries of Evelyn Waugh, Virginia Woolf and Noël Coward reveal how they coped with the December blues

Famous diaries: Christmas week in history

Noël Coward parties into the night, Alan Clark bemoans the cost of servants, Evelyn Waugh ponders his drinking…
From noble to narky, the fall of the open letter

From noble to narky, the fall of the open letter

The great tradition of St Paul and Zola reached its nadir with a hungry worker's rant to Russell Brand, says DJ Taylor
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A Christmas ghost story by Alison Moore

The story was published earlier this month in 'Poor Souls' Light: Seven Curious Tales'