News Emergency services were called to 25 Bank Street at around 8am this morning

Gabriel joined JPMorgan in 2004 and worked in technology. He was not a trader or a banker.

Former Olympus bosses are held

"After going to hell and back this is a day to remember," said fired Olympus boss and whistle-blower Michael Woodford yesterday after seven executives who were involved in the cameras company were arrested in Japan.

Ed Lester was paid through a limited company, thereby reducing his tax bill

'Tax avoiding' pay deals may be rife throughout Whitehall

The controversial practice of paying senior officials' salaries into limited companies – potentially reducing their tax bills – could occur right across Whitehall, it emerged last night.

Investment View: Sky has potential to rebound, but ITV may struggle

Virgin is getting better... and is beginning to present a genuine competitive threat after years of problems

Market Report: Imperial Tobacco shares light up on takeover talk

There's no stubbing out the takeover talk around Imperial Tobacco at the moment. The cigarette manufacturer, whose brands include Lambert & Butler, set a new, all-time high last night, after its share price once again lit up on suggestions its days of independence might be numbered.

Leading article: The tax system is credible only if fair

When the Chief Secretary to the Treasury, Danny Alexander, was summoned to the House of Commons to explain why the head of the student loans company was being paid as a private contractor, rather than as a government employee, he just about defused the scandal. He announced that Ed Lester would in future have his tax deducted at source, he said that he, Mr Alexander, was setting up a review to discover the extent of the practice throughout Whitehall, and he gave the impression that such pay arrangements were highly unusual.

Capital, By John Lanchester

Virginia Woolf did not much approve of the intrusion of estate agency into fiction. "House property," she sniffily wrote in the talk that became her 1924 essay "Mr Bennett and Mrs Brown", "was the common ground from which the Edwardians found it easy to proceed to intimacy." Her polemic, against Arnold Bennett in particular, and the painstaking social realism of pre-1914 British fiction in general, scorns Bennett for "describing accurately and minutely the sort of house Hilda [his heroine] lived in, and the sort of house she saw from the window." Against this plodding artisan's view, she sets the intangible "character" of Mrs Brown, the elusive human spirit that no amount of sociological annotation can ever pin down. "I believe," Woolf maintained, "that all novels begin with an old lady in the corner opposite". And no amount of estate agent's patter will ever capture what Woolf, in another essay, rather bafflingly called the "luminous halo" or "semi-transparent envelope" of her inner life. That task falls to the modern novelist.

Scotland's First Minister Alex Salmond greets David Cameron as he arrives for talks at St Andrews House in Edinburgh, Scotland

Cameron: More power for Scotland if it rejects independence

David Cameron admitted he made little progress in today’s talks with Alex Salmond on Scottish independence, but said he will consider a further devolution of powers if voters vote no in a prospective referendum.

A fire broke out at the Olympic Park

Olympic ticketing 'too secretive'

The refusal of Olympics officials to provide information about how many tickets have been sold and at what price has jeopardised the public's confidence in the ticketing arrangements for the Games, according to the London Assembly.

Scourge of US bankers abandons plan to cash in on mortgate chaos

Phil Angelides, who chaired the US Financial Crisis Inquiry Commission (FCIC) and raged at bonus-obsessed bankers, has abandoned his plan to cash in on the chaos in the mortgage market.

News Corp's General Counsel, Gerson Zweifach, has joined the team tackling corruption

Murdoch sends in his top lawyer to stop Sun scandal spreading to US

Rupert Murdoch has assigned his most senior News Corp lawyer to the London-based committee overseeing the phone-hacking scandal as prospects increased that litigation against the global media company would spread to the US.

Aurora seeks to exit investment in luxury label Bastyan

The retail group Aurora Fashions has appointed advisers to sell its stake in the luxury womenswear label Bastyan after just two years.

Scandal-hit Olympus looks at tie-ups as losses loom

The Japanese camera and medical equipment maker Olympus said today it expected to have lost ¥32bn (£260m) in the year which ends next month.

Takeover by Vodafone could end the misery for CWW

Troubled telecoms supplier's shares leap as mobile giant admits possible bid

Job losses in City hit rental market

Thousands of City job losses are hitting London's top-end rental market as bonuses are slashed and banks cut back on accommodation budgets, according to the estate agency Knight Frank.

US university hands out 400 degrees by mistake

A US university has revealed that hundreds of degrees given out over the past 10 years should never have been awarded, and may be revoked.

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