News

French police have identified the man arrested for shooting a newspaper assistant photographer and carrying out three other attacks.

Crédit Agricole turns to shareholders to raise €5.9bn cash

Crédit Agricole, one of France's largest banking groups, will this week launch a discounted rights issue to raise €5.9bn (£4.66bn), as it becomes the latest European bank to turn to its shareholders for cash, following the onset of the credit crunch.

LSE rival Turquoise set to go live in September

The next wave of trading platforms designed to poach market share from the London Stock Exchange will go live in three months.

HSBC calls in police over alleged £70m fraud attempt

Police are investigating an alleged €90m (£70m) attempted fraud by a London-based member of staff at HSBC, Britain's biggest bank.

FSA warns banks to change trading floor 'culture' after SocGen debacle

The UK financial watchdog has warned banks to tighten their controls and introduce a trading-floor culture that protects against rogue traders in the wake of the €4.9bn losses at Société Générale sparked by Jérôme Kerviel.

Lehman suspends equity traders in London

Lehman Brothers, the Amer-ican investment bank, has suspended two equity trad-ers in London after its internal controls showed up issues related to share valuations.

Crédit Agricole rules out major purchases after sub-prime losses

Crédit Agricole has ruled itself out of "significant acquisitions" after the credit crunch sent it slumping to its first quarterly loss since listing in 2001. The French bank did not close the door completely on a move for Société Générale, however, saying it would "not remain indifferent" should the beleaguered group be approached by a rival.

MF Global sacks rogue wheat trader who lost group $141.5m

MF Global, the commodities broker spun off from the UK's Man Group last year, has sacked a rogue trader whose unauthorised dealing in the wheat market cost the group $141.5m.

Rogue trader and credit crunch prompt SocGen to slash dividend

The beleaguered French bank Société Générale slumped to record losses in the fourth quarter, as it suffered the worst rogue trading scandal in history and the ongoing effect of the credit crunch.

Credit Suisse fuels fear of new wave of losses

The market fears the issues surrounding the complex financial products which led Credit Suisse to suspend traders and nurse millions of dollars in losses this week, could spark a wave of similar writedowns in the banking sector.

Société Générale discounts its €5.5bn rights issue by 39 per cent

Société Générale, the bank at the centre of the biggest rogue trading scandal in history, has been forced to offer investors a heavier than expected discount to make sure its €5.5bn (£4.1bn) rescue fund raising completes without a hitch.

'Rogue trader' Jerome Kerviel breaks his silence to say he will not be made a scapegoat

The alleged rogue trader, Jérôme Kerviel, sought far and wide by the world's media, appeared briefly in public today for the first time since he was accused of losing nearly €5bn (£3.7bn) two weeks ago.

Trading security: 'If I were to say it couldn't happen here, well, that's bullshit'

Banks across the City of London have launched urgent reviews of their security procedures in the wake of the Société Générale scandal.

Banking scandal: Kerviel hailed as 'the Che Guevara of high finance'

Trader who lost SocGen £3.6bn is being fêted as a class warrior
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Day In a Page

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Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
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Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

The online auction site is still the UK's most popular e-commerce site
Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

'Lack of ethnic minority and black faces on TV is weird'

Culture Minister Ed Vaizey calls for immediate action to address the problem
Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

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Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
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Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

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Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home