Money Neil Woodford is bemused by the speed with which economic commentators have moved from doom to euphoria

The biggest fund manager story of 2013 was the resignation of Neil Woodford from Invesco Perpetual. As you will be aware, Mr Woodford will continue to manage the Invesco Perpetual Income and High Income Funds until he leaves at the end of April, following which he will set up his own company.

Mirror halts shares fall with defence of finances

Trinity Mirror was forced to make a formal statement on its financial health yesterday after analyst concerns spooked the market and the media group's stock dropped by 18.6 per cent in a single day.

Treasury on back foot as deputy Governor quits

One of the City's most high-profile economists, Rachel Lomax, is quitting her role as deputy Governor of the Bank of England at the end of June.

Jeremy Warner's Outlook: Banks and their capital needs – first they pay it out, now they want it all back again

Now UBM wants to switch tax domicile; UK budget deficit faces EU strictures

A £50bn injection, but the patient won't be up and about soon

The Bank of England is trying to get lenders back to work by swapping gilts for 'toxic' assets. Simon Evans asks if it has left the cure too late

Minutes show MPC split over rate cut

A three-way split appeared in the Bank of England's Monetary Policy Committee (MPC) when it met two weeks ago, it has emerged, potentially reducing the likelihood of further rate cuts in the months ahead.

B&B says funding is secure despite rise in bad debt

A rise in bad debts, the departure of its operating director and further write-downs on investments were not enough to prevent Bradford & Bingley insisting yesterday it had been right to rule out fund-raisings such as a rights issue.

Leading article: Toxic debts and the need for more liquidity

Today's breakfast meeting between Gordon Brown and executives from the financial sector will not be the first such get-together since Mr Brown became Prime Minister; but it will certainly be the most sombre. The global credit crunch shows no signs of abating and the threat of recession seems to grow larger by the week.

Jeremy Warner's Outlook: It ill becomes bankers who complain of lack of liquidity to be paying bumper dividends

Dunstone: talking his book on broadband; Stagflation makes an unwelcome return

Bank of England fails to satisfy City hunger for funds

Britain's banks were left short-changed again yesterday after the Bank of England made only £13.6bn available for them to borrow – nearly three times less than they wanted.

King pledges more cash to help banks' liquidity

The Governor of the Bank of England yesterday pledged to continue supporting liquidity-starved banks, but stopped short of promising to buy worthless mortgage-backed securities.

Leading article: The urgency of the crisis demands radical action

Anyone who thinks that the United States is the land where the free market is allowed to let rip while Britain is the home of regulation and state intervention should study the different reactions of central banks to the crisis in the money markets that has been with us since September.

Scramble for funds as Bank of England auctions £10bn

Bank shares rebound on hopes worst of crisis is over; Lehman and Goldman figures reassure

Fed injects $140bn in attempt to calm credit turmoil

The US Federal Reserve moved to inject liquidity into the financial system yesterday as market turmoil increased and dire US employment numbers shook investor confidence.

Jeremy Warner's Outlook: Fed takes more action over credit crisis

Now into its third phase, that dastardly credit crisis simply refuses to go away. When the crisis first hit last August, I somewhat complacently dismissed it as just another temporary squall which would likely have an eventual cathartic effect by blowing off the excesses of the boom before they got completely out of hand.

Hamish McRae: Don't worry: when the regulators are fretting, things are returning to normal

When the monetary and banking regulators are worried we should really be scared, right? Er, no, wrong. The time for the rest of us to be concerned was when the regulators were too relaxed, as they were a year or more ago. Now that they running around saying that things are terrible I think we can start to relax a bit. That does not mean the banking crisis is past, for we still have a way to go. It is just the gradual correction process is taking place and that once that passes normal service will be resumed.

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The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003
Barbara Woodward: Britain's first female ambassador to China intends to forge strong links with the growing economic superpower

Our woman in Beijing builds a new relationship

Britain's first female ambassador to China intends to forge strong links with growing economic power
Courage is rare. True humility is even rarer. But the only British soldier to be awarded the Victoria Cross in Afghanistan has both

Courage is rare. True humility is even rarer

Beware of imitations, but the words of the soldier awarded the Victoria Cross were the real thing, says DJ Taylor
Alexander McQueen: The catwalk was a stage for the designer's astonishing and troubling vision

Alexander McQueen's astonishing vision

Ahead of a major retrospective, Alexander Fury talks to the collaborators who helped create the late designer's notorious spectacle
New BBC series savours half a century of food in Britain, from Vesta curries to nouvelle cuisine

Dinner through the decades

A new BBC series challenged Brandon Robshaw and his family to eat their way from the 1950s to the 1990s
Philippa Perry interview: The psychotherapist on McDonald's, fancy specs and meeting Grayson Perry on an evening course

Philippa Perry interview

The psychotherapist on McDonald's, fancy specs and meeting Grayson Perry on an evening course
Bill Granger recipes: Our chef recreates the exoticism of the Indonesian stir-fry

Bill Granger's Indonesian stir-fry recipes

Our chef was inspired by the south-east Asian cuisine he encountered as a teenager
Chelsea vs Tottenham: Harry Kane was at Wembley to see Spurs beat the Blues and win the Capital One Cup - now he's their great hope

Harry Kane interview

The striker was at Wembley to see Spurs beat the Blues and win the Capital One Cup - now he's their great hope
The Last Word: For the good of the game: why on earth don’t we leave Fifa?

Michael Calvin's Last Word

For the good of the game: why on earth don’t we leave Fifa?