Former vice-president found liable after complex subprime mortgage deal that led to $1bn losses

Outlook Now his business is concentrated about as far from Britain as you can get, Tony Hayward is ideally placed to comment on our looming energy crisis. A manifesto published by the former BP boss the other day urged the Government not to turn its back on fossil fuels, to build our own nuclear power stations instead of hoping the French will do it for us and to slash subsidies for on and offshore windpower. Sounds easy.

Fabrice Tourre fraudulently misled investors in a bid to “feed Wall Street greed,” giving them “half the truth” about a sub-prime mortgage investment that ultimately went bad when the credit crunch tore through the housing market, a lawyer for the US Securities and Exchange Commission claimed yesterday in a closing argument before a New York jury.

Financial giant is accused of exploiting rules over metal warehousing in order to manipulate commodity prices

Midweek View

Goldman Sachs has beaten Wall Street estimates by doubling its quarterly profit through investing its own money and underwriting.

Former Goldman Sachs trader Fabrice Tourre is in court over allegations he misled investors

Mark Carney will hit the ground running at the Bank of England today as he takes on "one of the toughest central banking jobs in the world".

We call it globalisation and it is one of the two great economic stories of our time: that shift of economic power from the old developed world to the new emerging one. The other story is the nasty economic cycle we have just experienced. The two stories are linked because the failures of Western economic management that exacerbated the last recession have sped up the power shift.

Former French president Nicolas Sarkozy is today visiting 10 Downing Street for private talks with Prime Minister David Cameron.

But judge tells UK Uncut that deal was 'not a glorious episode in the history of the Revenue'

Bloomberg apologised after the financial news agency let its reporters access clients' information

Bloomberg was today forced to issue a grovelling apology to clients for its “inexcusable” decision to let its journalists use internal customer information in a scandal that has rocked Wall Street and the City.