Roll up! Roll up! Monday sees the start of what could be a fascinating week in the High Court in the Strand. Case Number One, which may well take all of July, involves City giants Tullett Prebon (prop. Terry Smith) and BGC over alleged poaching of Tullett’s highly paid expert staff ... more
Some of Wall Street's top bankers continued to use corporate jets for personal purposes even after their firms received multi-billion-dollar bailouts from the US taxpayer... more
Banking: What did they know and when? That was the question investors were asking today of Bank of America after it laid bare the disastrous state of Merrill Lynch’s finances... more
Banking: Bank of America grabbed a $138 billion lifeline from the US government and finally admitted the vast scale of losses racked up by newly acquired Merrill Lynch... more
Stockbroking: The chief of Merrill Lynch’s brokerage business, Bob McCann, is leaving, less than a week after Bank of America completed its acquisition of the securities firm.... more
Wall Street chiefs' crunch summit with Treasury Secretary Hank Paulson over Tuesday's recapitalisation plan grew so heated that Federal Reserve Governor Ben Bernanke had to step in to calm things down... more
Banking: Bank of America has halved its dividend and is planning to sell at least £5.7 billion in shares as it battles “recessionary conditions”... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
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