Two of the world's largest banks suspended, or put on leave, traders in London and New York yesterday as part of an investigation into alleged manipulation of the trillion-dollar currency market.
Like this page on Facebook for updates
Sunday 08 January 2012
The US bank Citi has started talks with EMI's pension trustees to put cash into the scheme, which could cost it up to £200m.
Sunday 08 January 2012
Pharmaceuticals blue-chip GlaxoSmithKline (GSK) has replaced Hoare Govett as one of its brokers, putting more pressure on the Royal Bank of Scotland's corporate broking arm.
Wednesday 04 January 2012
Peter Dubens' Oakley Capital is among the private equity firms and trade players considering a bid for the live music business of HMV, the troubled entertainment retailer.
Tuesday 20 December 2011
The housing market can hardly be said to be booming at the moment, but that hasn't stopped the housebuilders recently, in the Square Mile at least. The sector has found itself rather in favour with investors during 2011, with its stocks managing to outperform the FTSE All Share index by an average of over 20 per cent.
Friday 16 December 2011
Morgan Stanley, one of London's biggest investment banking employers, is to axe 1,600 staff around the world in the first quarter of next year, it announced yesterday.
Wednesday 14 December 2011
Talk about good timing. As analysts raised their oil forecasts for 2012 yesterday, citing concerns over the potential for unrest around the world to disrupt production, the black gold's price jumped amid rumours of escalating tension with Iran.
Stephen Foley: Judge's rebuff of SEC's Citibank settlement shows he's no friend of the little guy, after all
Saturday 03 December 2011
US Outlook: Judge Jed Rakoff is not the man you think he is.
Friday 11 November 2011
EMI's iconic recorded music business is set to be taken over by rival Universal after a £1.2 billion deal was agreed today.
Thursday 08 September 2011
Guy Hands, the former private equity owner of EMI, has gone back to court over Citigroup's seizure of the music business earlier this year.
Thursday 11 August 2011
As a sell-off of the European banks prompted the top-tier index into another major slide, voices in the City were yesterday mulling over which companies were looking vulnerable to a takeover in the wake of the recent market turmoil.
Tuesday 09 August 2011
Once you’ve taken the plunge and turned your idea into a successful business, it’s likely that you’ll need to secure investment to help expand your company. But it’s not as simple as approaching potential investors and just walking away with the cash. You will need to know your company inside out and be prepared to justify what the money will be used for.
Wednesday 03 August 2011
The City is in a bit of lather over Hargreaves Lansdown, we hear?
Saturday 30 July 2011
US Outlook: Barack Obama's rhetorical gifts used to be channelled to soaring optimism. Two years in Washington and he can manage only pithy cynicism. The US may lose its triple-A credit rating, he says, "because we lack a triple-A political system".
Tuesday 26 July 2011
Yorkshire Building Society has bought the remains of the internet bank Egg from Citigroup. Egg's credit card business was sold to Barclaycard earlier this year and the building society will take over the mortgage and savings business in the autumn, subject to court approval.
Tuesday 26 July 2011
Durex dismissed fears that condom supplies to the UK were under threat yesterday, even though a legal row with a major Indian manufacturer remains unresolved.
Diving in at the deep end is no excuse for shirking the style stakes
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
There’s a nasty smell in the political air – and it’s coming from the Tories
- 2 Loom bands: Bids for dress made from colourful rubber reach almost £154,000 on eBay
- 3 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 4 Why I'm on the brink of burning my Israeli passport
- 5 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs