Former Lehman Brothers boss Dick Fuld says he has “absolutely no recollection” about an accounting technique a bankruptcy examiner says the bank used to mask its perilous financial condition... more
Just how wide is the opposition to Tony Ball being made ITV's next chief executive within the higher reaches of the broadcaster? Very, is the answer.... more
It's war. KPMG has just nabbed Rentokil’s lucrative contract for internal auditing from arch rival PricewaterhouseCoopers — by offering a 30% discount to the PwC price... more
Banking: Banks in the US, receiving billions of dollars in taxpayer bailouts, owe their executives more than $40 billion in pay and bonus deals racked up before they hit the rocks... more
Having spent the past month watching wildly expensive clothes parade down the catwalks of New York, Milan and Paris, I have been far more out of touch with the world's fiscal woes than I would normally be (don't laugh). But the gist of it all seems to be this. Apparently, some really, really rich people are slightly less rich than before. One of them has even had to swap his domestic staff for less expensive ones. It must be tough, not having your pants folded the way you like them. ... more
Anxious times for those involved in the Crossrail project, where key funding documents remain unsigned and the downturn and falling property values have put major question marks against some of the calculations... more
Pass the tissues. In his new book, Business Stripped Bare, Sir Richard Branson, tells, sob, how he was foiled in his ambition to buy Northern Rock, sob... more
Finance: Staff anger over the failure of Lehman Brothers will be fuelled today by revelations that chief executive Dick Fuld rejected a $5.3 billion fund injection by a Korean bank... more
As thousands of City workers today come to terms with the loss of their jobs, we chart the rise and fall of Lehmans — and the extraordinary gambles that brought it down... more
Chancellor Alistair Darling says we are in the biggest financial crisis in 60 years. So we obviously have much worse to come than yesterday's 4.5% retreat on the FTSE 100... more
Banking: State-owned Korea Development Bank confirmed it was in talks with struggling Lehman Brothers over a possible joint investment in the U.S. bank with other Korean banks... more
I doubt whether the captain of the Titanic would have expected a bonus had he survived, nor thought he would be lauded for his sensitivity towards the ship's owners, passengers and crew if he discreetly let it be known that he was not going to apply for one. However, Dick Fuld, chief executive of the investment bank Lehman Brothers, is made of sterner stuff... more
Investment bank Lehman Brothers has brought back Michael Gelband to oversee the equities and fixed income businesses a year after he left the investment bank amid a dispute with his managers... more
On Monday, Richard Fuld was staring into the abyss as rumours swirled around the bank he built. So where did he find the strength to face down the sceptics?... more
Tonight:
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