Jail-sentenced billionaire Mehmet Karamehmet is being sued for almost $10m (£6.6m) in the High Court over loans issued to Maltese shipping company Blue Shipping.

People and Business: Lowther signs for England

MERLYN LOWTHER will become the first woman ever to sign our banknotes when she succeeds Graham Kentfield as Chief Cashier of the Bank of England next January.

People and business: How Frankfurt lost a lot in translation

IN TUESDAY'S edition I referred to a German newsletter, Finanzplatz- News, which declared triumphantly that Frankfurt was set to overtake London as Europe's premier financial centre. The front page of the newsletter quoted Dr Lutz Roger Raettig, chairman of the board at Morgan Stanley's German arm, saying: "The differences between London and Frankfurt at the moment are relatively clear cut in favour of Frankfurt."

Banks hit by Russian woe

German lenders prepare to increase provisions to cover $30bn exposure after seeing their share prices drop

PDFM set to be sold for pounds 1.8bn

UBS, THE Swiss bank, is looking to sell PDFM, its UK fund manager, in a deal worth up to pounds 1.8bn. Industry sources said the bank had already identified potential buyers for PDFM, and that an announcement would be made within the next couple of weeks.

People and Business: A small change of mind at Goldman

YOUR STARTER for $35bn: Who told current students at his old university the following? "While much has changed in the increasingly global finance industry, two things won't ... Goldman Sachs will remain a private partnership and will remain in New York."

Taxmen raid Deutsche Bank

GERMANY'S largest bank, Deutsche, was raided by 300 tax inspectors yesterday in the continuing crackdown on tax evasion, writes Imre Karacs in Bonn.

Dutch bank gives boost to City job prospects

A DUTCH investment bank gave a much-needed boost to employment prospects in the City of London yesterday by hiring 12 equity staff - including eight from UBS - and saying it would take on up to an extra 75 by the end of the year.

Revealed - what Credit Suisse really thinks about BZW

`The Independent' was yesterday able to listen in to a highly confidential global video conference held for Credit Suisse First Boston's managing directors in London, New York and Hong Kong to discuss and celebrate the acquisition of BZW's equities and investment banking business on Wednesday. John Willcock reports.

Commerzbank rules out purchase of BZW

Pressure mounted on Barclays yesterday to find a buyer for BZW's equities and corporate finance arms after Commerzbank, one of the front- runners, ruled itself out of contention. Tom Stevenson, Financial Editor, reports on the continuing fallout from Barclays' decision to withdraw from investment banking.

Market Report: Speculation mounts as Lloyds eyes insurance capture

Could Lloyds TSB, the banking group, be contemplating a strike at a leading insurer? Stories flowed that the bank, which takes in the old Cheltenham & Gloucester building society as well as the Lloyds Abbey Life insurance group, planned a cash call to fulfilexpansion aspirations.

BZW sale could be hindered by exodus

Fears were growing yesterday that Barclays will fail to retain key staff at BZW for long enough to finalise a satisfactory sale of the investment bank's equities and corporate finance arms. Tom Stevenson, Financial Editor, reports.

Barclays set to reveal the sale of BZW to a foreign buyer

Staff at BZW have been summoned to an early morning meeting today to be told that the investment bank is to be sold to a continental buyer. Tom Stevenson and Lea Paterson report on a volte face by its parent, Barclays.

Market Report: British Steel forges ahead to make the running with Railtrack

Two privatisation shares made the stock market running. British Steel gained 10.5p to 184.5p and Railtrack reached a new peak, up 32.5p to 809.5p. Their display helped Footsie clamber back above 5,000 points with a 36.7-point gain to 5,013.1.

City & Business: Bankers aren't bonkers

Another week, another banking merger rumour. A lot of people in the City have bet big on the prospect of HSBC gobbling another bank, of NatWest having to make a defensive merger, and of a myriad of combinations involving newly demutualised insurers and building societies and just about any foreign bank that now considers raising money in the equity markets. They are beginning to wonder why these institutions insist on not doing the decent thing.
Ben Little, right, is a Labour supporter while Jonathan Rogers supports the Green Party
general election 2015
The 91st Hakone Ekiden Qualifier at Showa Kinen Park, Tokyo, 2014
Life and Style
Former helicopter pilot Major Tim Peake will become the first UK astronaut in space for over 20 years
food + drinkNothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
Kim Wilde began gardening in the 1990s when she moved to the countryside
peopleThe singer is leading an appeal for the charity Thrive, which uses the therapy of horticulture
Alexis Sanchez celebrates scoring a second for Arsenal against Reading
Life and Style
An easy-peel potato; Dave Hax has come up with an ingenious method in food preparation
voicesDave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Japan's population is projected to fall dramatically in the next 50 years (Wikimedia)
Life and Style
Buyers of secondhand cars are searching out shades last seen in cop show ‘The Sweeney’
motoringFlares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
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Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
You should judge a person by how they peel a potato

You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Beige is back: The drab car colours of the 1970s are proving popular again

Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
Timeless drama of Championship race in league of its own - Michael Calvin

Michael Calvin's Last Word

Timeless drama of Championship race in league of its own