News

A wave of legal and regulatory woes wrecked JPMorgan’s third-quarter results, pushing the bank into something it managed to avoid throughout the financial crisis, a quarterly loss.

The City Diary: The Midas – or Maddison – touch

Slackbelly exposes The good, the bad and the ugly of the square mile

The day the King of Bears saw his house fall down

Former boss of Bear Stearns blames market rumours for the collapse of the US investment bank in 2008

Think oblique: How our goals are best reached indirectly

In business, in mountaineering and even in the pursuit of happiness, the most direct route isn't always best. Economist John Kay makes the case for obliquity

Stephen Foley: Panicky new rules that miss the point

US Outlook: Forcing derivatives trading on to exchanges will bring transparency and cut counter-party risk

Joss Garman: Climate change deniers cost the earth

Hardliners around the English-speaking world who ignore the evidence for global warming will pay a heavy political price

Bear Stearns fund managers found not guilty

In a huge setback for government prosecutors, a jury in New York City last night acquitted two former hedge-fund managers with Bear Stearns of lying to clients about the safety of their money even when they themselves allegedly saw disaster around the corner because of the imploding sub-prime mortgage market.

Business Diary: Former Bear boss busts out at poker

It seems that Steven Begleiter is rather better at casinos than he was at casino capitalism. The former Bear Stearns head of corporate strategy came within an ace (literally) of a shot at the $22m first prize of the World Series of Poker in Las Vegas.

Jury ponders fate of Bear Stearns duo in first credit crunch trial

Managers accused of fraud over collapse of hedge funds that heralded meltdown

Growth figures dash hopes of Britain coming out of recession

Across Europe, the recovery is under way. But we are stuck in the longest downturn since 1945. Sean O'Grady explains why

Bear Stearns pair were 'trying to do their best,' court told

The Bear Stearns hedge fund managers accused of defrauding investors are innocent of the charges, a defence lawyer told a New York jury, because "no one can lie about the future".

The e-mails: 'I've washed a 30-year career down the drain'

According to the indictment against them, Ralph Cioffi and Matthew Tannin, with others, "agreed to make misrepresentations [about the health of their funds] in the ultimately futile hope that the funds' bleak prospects would change". The core of the evidence against them is contained in emails, diary entries and recordings of conference calls.

The people vs Wall Street

Bear Stearns bankers on trial in first criminal case of the credit crunch

Emails hold key to trial of Bear Stearns' former fund managers

Wall Street financiers to face jury over alleged securities and wire fraud

Stephen Foley: Years of court cases ahead for Wall Street

US Outlook: The sub-prime mortgage market is "toast". My mortgage company's products are "poison". The derivatives we've just offloaded to a client are "vomit". These are from internal emails across Wall Street as the credit market boom began to turn to bust (from Bear Stearns, Countrywide and UBS, respectively), and they have turned up in the first court cases in what looks set to be years of litigation and prosecutions.

Executive Excesses: In another world

The executive excesses uncovered by the end of the long boom initially incited just employee and shareholder anger. They have now given rise to public fury. Stephen Foley reports
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Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game