Does Barclays need more cash? Credit Suisse believes so, warning that the bank needs to raise £17 billion over three years to meet new capital requirements... more
Kraft Foods, the US processed food giant which is trying to take over Cadbury, moved to beef up its board in an attempt to add credibility to its bid... more
This year’s third quarter was the best performance experienced by the Footsie since records began in 1984 but HSBC has today been telling clients: you ain’t seen nothing yet ... more
Shares in the UK’s only legal cannabis grower, GW Pharmaceuticals, stood out with a rise of 7p to 83p after successfully raising almost £7 million
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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
John Varley declined to say anything when I suggested to him this morning that his strategy to avoid being bailed out by the Government had finally been vindicated ... more
Fresh fears shook British banks after US giants Citigroup and Bank of America said they may have to raise billions of dollars more to safeguard their future... more
Stock-market bears were continuing to feel the squeeze today as they rushed to cover any remaining open short positions following yesterday’s announcement of a $1 trillion rescue package for America’s banks... more
TIMES are tough at Merton council. It’s ordered council employees who weren’t able to make it into work because of the snow, to account for the time from their annual leave.... more
Finance: Goldman Sachs is scaling back its annual hedge fund conference, holding it in New York rather than the glitzy occasion it had planned at a Miami resort... more
Finance: Citigroup and Morgan Stanley are set to announce a deal to combine their brokerages, a move that could trigger a fresh wave of consolidation in the troubled and thinning banking industry
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Banking: As Congressmen assembled to debate whether Hank Paulson's controversial bill to bailout the banks should be passed, the historic Wells Fargo bank agreed to buy America's fourth biggest bank, Wachovia, for $15 billion... more
Citigroup saved US bank Wachovia from almost certain bankruptcy as the worst financial crisis since the Great Depression wreaked more havoc on Wall Street... more
Authorities in San Diego in southern California are looking to make their city a mortgage "foreclosure sanctuary", and are suing home lenders Bank of America and its recent acquisition Countrywide to help carry out the plan... more
Shares in Warren Buffett's Berkshire Hathaway have fallen almost 20% so far this year. The Standard & Poor's 500 index fell 15% in the same period... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
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