Three more former big hitters at Dresdner Kleinwort in London have launched legal actions against the bank, demanding millions of pounds in unpaid bonuses and severance pay... more
Stockbroker Evolution was crowing about its successful drive into fixed income as it reported “very strong growth” in revenues from the division... more
On the day that short-selling of the banks is lifted comes a warning from one leading broker that we can expect them to carry on making substantial losses for the next couple of years... more
Analysis: As fashionistas become recessionistas and their appetite for £10,000 python-skin handbags and glitzy watches wanes, companies making and selling top-name brands are anticipating a miserable Christmas.... more
A further £160 million was wiped off Royal Bank of Scotland's market value today, the shares slumping to yet another record low as institutional investors continued to dump them... more
The three High Street banks taking refuge in the Government's lifeboat were the biggest fallers among blue-chip stocks today as City investors became increasingly disillusioned with the terms of their proposed fund-raisers.... more
Stock-market superbear Albert Edwards has had a change of heart. The global market strategist with Société Générale reckons the recent plunge in share prices has brought valuations to levels that even trenchant bears such as he might decide makes them look cheap... more
One group of investors that will be keeping a close watch on stock market events during the days and weeks ahead are the pin-up boys and girls at New Star Asset Management with around £8 billion invested... more
Bradford & Bingley slumps to yet another record low, losing a further 4p to 17¼p. The shares have fallen from a peak of 310p since the start of the year and are now being treated by traders as option money... more
Finance: Dresdner Bank defector Tim Shacklock bagged £4.5 million last year as his team of boutique bankers who make up Gleacher Shacklock — many of whom used to work for the erstwhile German giant — doubled profits... more
The oil price ticked up as Hurricane Gustav headed for the oil installations in the Gulf of Mexico. Now it appears to be losing strength and passing through without inflicting anything like the damage we saw in 2005 when Katrina flooded New Orleans, prices seem to be sliding down again... more
Shares in German banking giant Commerzbank fall more than 8% as investors fret about its £7.3 billion takeover of fellow German bank Dresdner Kleinwort... more
Shares in HBOS came under yet more pressure after Britain's biggest mortgage lender revealed its £4bn rights issue was an even worse flop than the market was expecting... more
Beleaguered German bank Dresdner is poised to split off its London investment banking arm Dresdner Kleinwort as the bank's supervisory board held a day-long meeting to decided its future... more
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