Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.

Lehman cash returned to clients

The administrator of Lehman Brothers' European division has recovered and returned another £2.1bn to the collapsed bank's clients, according to their latest update.

Barclays faces £1.4bn writedown after US ruling on Lehman deal

Barclays could be forced to take a writedown running into hundreds of millions of pounds as a result of a court ruling over its 2008 acquisition of Lehman Brothers' US business.

Homesellers cut asking prices

Asking prices for houses fell by 3 per cent over the past month, in the worst November-December performance for three years, property website Rightmove said yesterday.

Echelon clients bring lawsuit against IG

IG Group, the spread betting company, has been slapped with a €25m (£21m) lawsuit over the collapse of a Scottish wealth manager two years ago.

Business Diary: Slow going for A&L on eBay

It should have come as no surprise that branded material "liberated" from Lehman Brothers after its collapse turned up on eBay. After all, this was the bank that nearly tipped the world into financial Armageddon so its trinkets had a certain collectible appeal. But Alliance & Leicester? A dull mortgage bank swallowed up on the cheap by Banco Santander? Nonetheless, its all there. From button badges, to pen holders, to mugs, homemakers guides and even old Leicester City tops bearing its logo. Nothing's going for more than a tenner, though, which rather tells its own story.

Leading article: The triumph of the lobbyists

International co-operation on banking reform is axiomatically desirable. We live in an era of massive global capital flows and sophisticated cross-border banking. A firm like HSBC takes deposits from ordinary savers in Hong Kong but is regulated in London. Goldman Sachs collects money from clients in Europe and invests it in China. In a world of globalised finance, it makes sense for national regulators to work together.

$2bn legal bill for unwinding Lehman

The man in charge of unwinding Lehman Brothers, the collapsed investment bank, says the bankruptcy could cost $2bn in legal fees in the US alone.

Sackable offences: When push comes to shove – the elbow in all its savage guises

General Stanley McChrystal's recent sacking was brief and brutal. Even before his comments in Rolling Stone about President Obama and his aides hit the newsstands, he was summoned to the White House. General McChrystal was told not even to bother returning to Afghanistan to say farewell. He's not the first, nor likely the last, to be sacked, publicly, without any softening of the blow. Here are some others:

Leading article: There is still a common global interest

World leaders meet in Canada today for their back-to-back G8 and G20 summits in fractious mood. The climate of international co-operation that was in evidence at the height of the financial crisis two years ago has largely dissipated. Individual governments now seem to be heading off in their own separate directions.

Judge rebukes Barclays chief at Lehman hearing

Bob Diamond, head of Barclays' investment banking business, was criticised by a Manhattan judge for an "evasive" performance on the witness stand yesterday as he defended the company's acquisition of Lehman Brothers.

Andreas Whittam Smith: The dealing room had it coming

Banks have become huge organisations engaged in scores of different activities, some of them more suitable for gamblers than for sober citizens

Sean O'Grady: If Greece was Northern Rock, Spain is Lehman Brothers

Unlike the football result, Spain's financial fiasco was entirely predictable. Though her problems are not as deep-seated as those in Greece, they are more dangerous simply because the Spanish economy is so much larger than that of Greece – about five times larger, in fact. It is the sort of difference, to draw an uncomfortable analogy, between Northern Rock and Lehman Brothers.

LSE's Rolet earns £1m-plus bonus

Xavier Rolet earned a higher bonus than his predecessor in his first year at the helm of the London Stock Exchange.

Lehman Brothers to sell off art collection

Bankrupt financial group Lehman Brothers Holdings Inc plans to sell about 450 works by contemporary artists including Robert Rauschenberg at auction in September, according to court documents.

Enron play flops in US as art imitates life

It may still be one of the hottest tickets in London's West End, but on Broadway Enron, the play, has proved a financial disaster and is to close after just 15 performances.

The sun rises over St Andrews golf course, but will it be a new dawn for the Royal and Ancient Golf Club?
sportAnd it's Yes to women (at the R&A)
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Friends is celebrating its 20th anniversary this year
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Yaya Touré (left) and Bayern Munich’s Spanish defender Juan Bernat
footballToure's lack of defensive work is big problem for City
voicesApple continually kill off smaller app developers, and that's no good for anyone
Arts and Entertainment
Liam Neeson said he wouldn't

Liam Neeson's Downton dreams

Wembley Stadium
footballNews follows deal with Germany
Arts and Entertainment
A spell in the sun: Emma Stone and Colin Firth star in ‘Magic in the Moonlight’
filmReview: Magic In The Moonlight
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Languedoc Roussillon
Marrakesh & the Atlas Mountains
The Jura Mountains
Dubrovnik & the Dalmatian Coast
Prices correct as of 17 September 2014
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week