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
Tuesday 12 April 2011
The 42-storey Canary Wharf tower which houses the European headquarters of Citigroup is being put up for sale for more than £1bn, the commercial property agents Jones Lang LaSalle said yesterday.
Wednesday 23 March 2011
Hopes that Glencore may be readying itself for a listing received a boost last night as it emerged that the Swiss commodities trader was close to strengthening its team of financial advisers ahead of a potential flotation in London and Hong Kong.
Tuesday 22 March 2011
Citigroup, the global banking organisation which twice had to be bailed out by taxpayers in the United States, is to restart paying dividends to shareholders, two years after suspending the payout.
Wednesday 02 March 2011
Barclays Bank is buying the British credit card assets of the online lender Egg from Citigroup to boost its retail banking business. The deal, agreed for an undisclosed sum, will give Barclays 1.15 million credit card accounts with about £2.3bn of outstanding balances.
Tuesday 01 March 2011
Banking giant Barclays said today that it has struck a deal to acquire more than one million credit card accounts belonging to internet bank Egg.
Tuesday 08 February 2011
Just days after losing the music giant EMI, Guy Hands's investment vehicle Terra Firma is back in pursuit of a deal – in the rather less glamorous world of insurance.
Wednesday 02 February 2011
Citigroup snatched control of EMI from the private equity mogul Guy Hands yesterday, after the historic record label's management declared it could not go on under the burden of billions of pounds of crippling debt.
Wednesday 02 February 2011
Outlook The EMI saga is finally drawing to a close. Having taken control of the music company, Citigroup will presumably offload it to the highest bidder, finally removing the uncertainties under which the company's employees and performing artists have been labouring since Terra Firma's takeover began to go so badly wrong.
Tuesday 01 February 2011
Investment bank Citigroup has seized control of record label EMI from beleaguered financier Guy Hands, it was announced today.
Saturday 22 January 2011
US Outlook: Edgar Bronfman Jr has already made a start trying raising the money to pay his €5m (£4.2m) fine for insider trading.
Thursday 20 January 2011
We hear congratulations are in order
Wednesday 19 January 2011
Citigroup, the US banking giant which twice had to be bailed out by American taxpayers, has been losing market share on Wall Street, its latest results revealed.
Wednesday 12 January 2011
Terra Firma, the private equity firm run by Guy Hands, is to challenge a US court ruling it was not conned into paying too much for music business EMI in a £4.2bn deal three years ago.
Tuesday 11 January 2011
5000BC: Ancient smoke
Saturday 18 December 2010
Outlook: Should I be watching my back if I were a banking executive?
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
9 reasons Greece's experiment with the radical left is doomed to failure
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
- 2 Mystery man who gave mum heart-warming note on train 'wanted to put a smile on her face'
- 3 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 4 Mafia's wall of silence broken: Victim of Cosa Nostra's extortion rackets in its Corleone heartland co-operates with authorities for the first time ever
- 5 Amal Clooney gives excellent answer to fashion question at European Court of Human Rights