See the top stories and tips in UK and international newspapers.
Thursday 18 Mar 2010
Four banks were charged with fraud on Wednesday for their roles in a €1.7bn ($2.3bn) financing package for the Italian city of Milan in a case that will fuel the global debate about the use of complex derivatives.
Wednesday 17 Mar 2010
The dollar fell yesterday after the Federal Reserve repeated its pledge to keep interest rates low for a long period and the White House warned that American unemployment was likely to remain high for some time.
Tuesday 16 Mar 2010
Royal Bank of Scotland is planning a vast balance sheet restructuring in an attempt to boost its capital strength and its standing with bond investors.
Monday 15 Mar 2010
Further damaging revelations about the collapse of Lehman Brothers are being held up in the US courts by Barclays.
Sunday 14 Mar 2010
Lloyds Banking is believed to be considering plans to hive off a portion of its giant commercial property portfolio into a separate, tax-efficient company. Senior figures within the bank are thought to have put forward the idea, which would see some of the £50bn to £75bn worth of assets and loans inherited by Lloyds following its merger with HBOS spun off into a real estate investment trust (Reit), says the Independent on Sunday.
Friday 12 Mar 2010
Civil servants are scrambling to put together proposals that will allow Britain’s pension funds to bankroll the building of motorways and power stations through a special state-controlled bank.
Thursday 11 Mar 2010
BP is set to enter the deep waters off the coast of Brazil, one of the world’s most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets from Devon Energy. A deal could be announced as early as Thursday, according to people familiar with negotiations, says the FT.
Wednesday 10 Mar 2010
Lord Mandelson has tried to head off a transatlantic trade war by expressing concern at Washington’s handling of a $35bn Pentagon procurement project that could spark European retaliation.
Tuesday 09 Mar 2010
Hundreds of City traders are rethinking plans to leave the UK for tax purposes in the wake of last month’s landmark court ruling against a British businessman based in the Seychelles, it emerged yesterday.
Monday 08 Mar 2010
Santander has moved into pole position to take over the 320 branches in England being sold by Royal Bank of Scotland.
Sunday 07 Mar 2010
Alistair Darling will refuse to bow to calls for more aggressive spending cuts in his budget this month and will stick to fiscal plans set out last year.
Friday 05 Mar 2010
The supertax on bank bonuses will reap more than £2.5bn for the Treasury, giving the UK government an unexpectedly large windfall to spend ahead of the general election, a Financial Times survey of 16 global banks has found.
Thursday 04 Mar 2010
The Petrofac oil services group is on the verge of acquiring a string of North Sea fields in a deal that would pave the way for a $1 billion spin-out of its exploration and production division.
Wednesday 03 Mar 2010
Prudential has lost a fifth of its stock market value in just two days as Britain’s biggest insurer battles to convince UK investors to pay up for its $35.5bn Asian expansion.
Tuesday 02 Mar 2010
The pound suffered its biggest one-day fall for more than a year yesterday amid the prospect of a hung Parliament and growing fears that this will prevent swift and decisive action being taken over Britain’s public finances.
Monday 01 Mar 2010
Prudential has won the support of both AIG’s board and the US government to buy the giant US insurer’s crown jewel Asian assets for $35.5bn (£23.5bn), the Telegraph reports.
Sunday 28 Feb 2010
Shareholders in Marks & Spencer are preparing for a fresh showdown with the retail giant over the £1.13m pay package of Sir Stuart Rose, the executive chairman.
Friday 26 Feb 2010
Royal Bank of Scotland paid 100 investment bankers more than £1m each – yet has still warned that hundreds will defect this year over pay restrictions, costing the state-backed lender £1bn in profit.
Thursday 25 Feb 2010
The Government has cleared Royal Bank of Scotland to pay its 17,200 investment bankers £1.3bn in bonuses despite losses for the year reaching £5bn across the group. The performance awards equate to £75,000 each and will lift total average earnings to £150,000.
Wednesday 24 Feb 2010
The European Commission has launched an anti-trust investigation against Google after three online companies alleged that the internet giant’s search functions were penalising their businesses.
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