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No time should be wasted asking them to reform – just do it

Nomura set to take over Lehman's European arm

Japanese Securities house Nomura is poised to take over the European arm of Lehman Brothers, securing at least 1,000 jobs, after administrator Pricewaterhouse-Coopers said it had narrowed the bid battlefield to a single frontrunner.

PwC close to deal to sell Lehman's European assets

The administrator to the European business of bankrupt US investment bank Lehman Brothers, PriceWaterhouseCoopers, was last night locked in negotiations with two rival bidders over the sale of parts of the business.

Wealth Check: 'How long will it take to be able to afford my own place?'

Luke Murdoch is a 20-year-old technical process manager who has been working at Barclays bank for two years. Despite his dedicated approach towards saving, Luke faces the difficulties of many other first-time buyers eager to get on to the property ladder.

Scramble to save Wall Street

Three of Wall Street's best-known institutions were huddled behind locked doors this weekend in frantic talks with US authorities and bankers to either sell their businesses or put together rescue packages.

Questions Of Cash: 'Come on Lloyds, all I want is my debit card'

Q In May, I opened an account with Lloyds TSB. I am still waiting for the debit card, in spite of more than 30 phone calls and three formal complaints. Without a debit card I have to withdraw cash from my bank in Spain, which charges me for each withdrawal. After my first complaint, Lloyds TSB offered me £25 compensation, which will not even cover the cost of my calls, let alone the transactions from my Spanish bank. My second complaint led to Lloyds TSB withdrawing the compensation offer, rejecting my complaint and saying that the debit card had been waiting for me since 1 July at the Camden branch. When I went there – losing income – I was told it had never been there. Now, Lloyds says the debit card is waiting for me at the Hampstead branch. I can't accept this service any longer. TA, London.

David Prosser's Outlook: A short cut to cheaper deals or a blind alley?

It's not difficult to understand why price comparison sites are so popular. Why spend hours on the phone talking to hideous call centres in the vain hope of saving a few quid on your car insurance when you can answer a few questions online and have a computer do all the work for you?

Barclays sells life assurance unit to Swiss Re

Barclays Bank is to further improve its capital funding through the sale of its life assurance business to Swiss Re, the Swiss reinsurance group.

Antigua shootings: Manhunt widens as victim in coma flies back to UK

Scotland Yard and FBI drawn in after local police struggle for clues to brutal gun attack on British couple. By Stephen Foley in St John's, Antigua

Moneysupermarket.com rebuffs bid approach from private equity

The price comparison company Moneysupermarket.com, which has lost more than half its value since floating on the stock market last year, said yesterday it has rejected a preliminary bid approach.

Comparison site warns on profits after closure of Firstplus

The shock closure of Barclays Bank's Firstplus secured loans business yesterday forced Moneysupermarket.com, the price comparison site, to rush out an immediate profits warning.

Blood money: the MPs cashing in on Zimbabwe's misery

Tory frontbenchers are among those with shares in companies accused of propping up the violent – and now illegal – regimein Harare. Jane Merrick and Archie Bland report

Gugulethu Moyo: If the British really want to get rid of Mugabe, this is how

UK businesses are sustaining a tyrant's regime. The arguments against sanctions are just excuses

Standard Chartered at centre of Zimbabwe sanctions inquiry

Standard Chartered bank is under fire for allegedly breaching EU sanctions on Zimbabwe. The Foreign Office admitted it is investigating one case of a possible breach of the sanctions.

Barclays full-year earnings consensus revised down

Barclays Bank has revised down its calculation of analysts' consensus for its full-year profit for the second time this month – cutting the figure for 2008 by nearly 8 per cent after a drop of 15 per cent two weeks ago.

Fall in retail sales coincides with surge in inflation for manufacturers

Confidence in the UK's fragile economy suffered a double blow yesterday with new data showing falling retail sales and increasing inflation in the manufacturing sector.

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Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
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
A Christmas ghost story by Alison Moore: A prodigal daughter has a breakthrough

A Christmas ghost story by Alison Moore

The story was published earlier this month in 'Poor Souls' Light: Seven Curious Tales'
Marian Keyes: The author on her pre-approved Christmas, true love's parking implications and living in the moment

Marian Keyes

The author on her pre-approved Christmas, true love's parking implications and living in the moment
Bill Granger recipes: Our chef creates an Italian-inspired fish feast for Christmas Eve

Bill Granger's Christmas Eve fish feast

Bill's Italian friends introduced him to the Roman Catholic custom of a lavish fish supper on Christmas Eve. Here, he gives the tradition his own spin…
Liverpool vs Arsenal: Brendan Rodgers is fighting for his reputation

Rodgers fights for his reputation

Liverpool manager tries to stay on his feet despite waves of criticism
Amir Khan: 'The Taliban can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'

Amir Khan attacks the Taliban

'They can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'
Michael Calvin: Sepp Blatter is my man of the year in sport. Bring on 2015, quick

Michael Calvin's Last Word

Sepp Blatter is my man of the year in sport. Bring on 2015, quick