Istanbul aggressively increased its overnight lending rate to 12% from 7.75%

Rivals spark Virgin Atlantic deal talk

Virgin Atlantic today fuelled speculation it could pursue a merger or tie-up after it said it had received "a number of lines of enquiry".

Banks 'discuss joint bid to cut bonus payouts'

Britain's biggest banks are involved in behind-the-scenes talks over a joint plan to cut bonus payouts and boost lending to small businesses, it was reported today.

Investors in legal row over Gherkin advice

Court ruling against Deustche Bank could prompt fresh claims on City's landmark skyscraper

Week Ahead: Old Mutual investors hoping for sale update

The dust may have settled since HSBC decided last month to pull out of a £4.5bn deal to buy Nedbank, but for Old Mutual – the majority owner of the fourth-largest South African bank – the pressure is on to show that its other major sale will not be heading down the same direction when it publishes its third-quarter results on Thursday.

Bonus rules will lead to exodus of top bankers, EU warned

Some of the world's biggest banks have appealed to Europe's banking watchdogs to water down plans to curb bonuses or risk losing its best bankers.

James Moore: Now German bankers act like bankers

Outlook If you thought it was just the Anglo-Saxons in British and American banks that made Gordon Gecko look like a philanthropist, think again. One of the more interesting figures to come out of Deutsche Bank's results yesterday was that Deutsche has set aside more for bonus payments than even Goldman Sachs, which until now was the epitome of all that is wrong with the industry.

Deutsche pay to outstrip Goldman

Deutsche Bank's investment bankers are set to earn more than their élite rivals at Goldman Sachs for the first nine months of this year. Germany's biggest bank has set aside money to pay an average €285,352 (£249,394) to each employee in corporate and investment banking. Total personnel costs per employee at Goldman Sachs, the Wall Street powerhouse notorious for its huge bonuses, were $370,706 (£235,074) in the same period.

The Week Ahead: ARM's prospects linked to sales growth at Apple

Shares in the chip-maker ARM Holdings have been much in demand in recent weeks after rumours of a potential takeover resurfaced. That chat, along with a good contract win with Samsung, almost sent the Cambridge-based company's shares to an eight-year high in September.

Co-op may sell insurance arm

The Co-Operative Group may sell its life-insurance arm as it reorganises its financial-services division following last year's merger with Britannia, reports have suggested.

The Week Ahead: Bellway in spotlight as house price falls bite

The market will renew its focus on the housing market when Bellway posts its full-year figures this week.

The Business On... Lord Levene, Chairman, Lloyds of London

In the news again?

Market Report: Standard Chartered banks gains on bid talk

Standard Chartered outshone its peers as the rumour-mongers touted bid theories last night.

Business Diary: No room for sentimentality

Deutsche Bank analyst Marc Geall didn't mince his words as he downgraded his rating of Autonomy from buy to hold. "Autonomy has neglected [investment]" he warned this week, adding "with management not confronting the issues, future volatility is still a risk". Geall should know – his profile on social networking site LinkedIn reveals that before joining Deutsche in July, he spent three years working at Autonomy, latterly as its head of corporate strategy.

The great American mortgage crisis deepens

Foreclosure abuse has sparked anger at the banks, as fears over its impact on the fragile housing market grows. Stephen Foley investigates

The Business On: Sally Tennant, Chief executive, Kleinwort Benson

Good God, a female in the boardroom. Whatever next?

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Prices correct as of 15 May 2015
Syria civil war: Meet the military commander who says his soldiers will not rest until every inch of their war torn country is free of Islamist 'terrorists'

‘We won’t stop until Syria is back to normal’

Near the front lines with Islamist-controlled towns where Assad’s troops were besieged just last month, Robert Fisk meets a commander confidently preparing his soldiers for battle
The inside story of how Bill Clinton built a $2bn global foundation may undermine Hillary's chances

The inside story of how Bill Clinton built a $2bn global foundation...

... and how it may undermine Hillary's chances in 2016
12 best olive oils

Extra-virgin, cold-press, early-harvest, ultra-premium: 12 best olive oils

Choosing an olive oil is a surprising minefield. Save yourself the hassle with our handy guide
Sepp Blatter resignation: The beginning of Fifa's long road to reform?

Does Blatter's departure mean Fifa will automatically clean up its act?

Don't bet on it, says Tom Peck
Charles Kennedy: The baby of the House who grew into a Lib Dem giant

The baby of the House who grew into a Lib Dem giant

Charles Kennedy was consistently a man of the centre-left, dedicated to social justice, but was also a champion of liberty and an opponent of the nanny-state, says Baroness Williams
Syria civil war: The harrowing testament of a five-year-old victim of this endless conflict

The harrowing testament of a five-year-old victim of Syria's endless civil war

Sahar Qanbar lost her mother and brother as civilians and government soldiers fought side by side after being surrounded by brutal Islamist fighters. Robert Fisk visited her
The future of songwriting: How streaming is changing everything we know about making music

The future of songwriting

How streaming is changing everything we know about making music
William Shemin and Henry Johnson: Jewish and black soldiers receive World War I Medal of Honor amid claims of discrimination

Recognition at long last

Jewish and black soldiers who fought in WWI finally receive medals after claims of discrimination
Beating obesity: The new pacemaker which helps over-eaters

Beating obesity

The new pacemaker which helps over-eaters
9 best women's festival waterproofs

Ready for rain: 9 best women's festival waterproofs

These are the macs to keep your denim dry and your hair frizz-free(ish)
Cycling World Hour Record: Nervous Sir Bradley Wiggins ready for pain as he prepares to go distance

Wiggins worried

Nervous Sir Bradley ready for pain as he prepares to attempt cycling's World Hour Record
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back