Fresh fears about the health of the world's major banks emerge, with City analysts predicting that there will soon need to be another round of fund-raising to shore up balance sheets... more
Royal Bank of Scotland agrees to sell a massive portfolio of project finance loans to Japan’s Mitsubishi UFJ Financial Group as part of its campaign to cut the size of its balance sheet
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Shares of the UK’s two biggest package holiday operators were enjoying a blue-skies scenario today as they led the market higher. TUI Travel sported a rise of 8.7p to 265.3p while Thomas Cook added 6.7p at 251.7p as steps were being taken to clear a large overhang of stock ... more
Japan emerged from its deepest recession since the Second World War but it was not enough to stop a vicious slump in global stock markets and the price of oil ... more
Banks were on the radar again today as the City braced itself for results from Bank of America and Citigroup following decent figures from Goldman Sachs and JPMorgan ... more
London-based bankers working for America's giant investment banks moved a step closer to seeing bonuses return to normal after another fundraising spree by their employers... more
The stock market has again failed to consolidate its position above the 4500 level with investors choosing to give back some of yesterday’s commodities-led charge after opting to lock in profits, rather than chase shares higher ... more
The mining bulls have run ahead of themselves. That is the verdict of Citigroup, which today urged caution in wake of the recent recovery in commodities stocks... more
Top executives from 13 major African, Asian, European and U.S. banks held talks about capital adequacy, regulatory reform and attempts to revive the global economy at a meeting with Gordon Brown
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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
Much has changed since Lloyds Banking Group joined the Government's Asset Protection Scheme and the shares have the scope to more than double in value from their current level of 47.5p, up 0.3p.... more
Economics: The Bank of Japan joined the big economies' race to zero interest rates, cutting the official short-term interest rate to just 0.1% from 0.3%... more
Banking: Japanese banking group Sumitomo Mitsui Financial, which only four months ago propped up Barclays with a £500 million cash injection, now has to raise money to boost its own balance sheet... more
Banking: Japan's Mitsubishi UFJ Financial Group (MUFG) is renegotiating its $9 billion deal to inject funds to Morgan Stanley after a week in which the US investment bank's share price has plunged... more
Japanese banking group Mitsubishi UFJ Financial took a $506 million (£278 million) paper loss on its $9 billion investment in Morgan Stanley just hours after striking the deal as Wall Street went into freefall... more
It can’t be much fun being John Mack at the moment. The famously aggressive boss of Morgan Stanley — “There’s blood in the water, let’s go kill,” is one of his exhortations — is clearly struggling to come to terms with the dire situation that confronts him... more
Credit crunch: Failed Wall Street bank Lehman Brothers is in talks to sell some Japan assets to Sumitomo Mitsui Financial Group, insiders in Tokyo say... more
London Gateway, the £1.5bn container port under construction on the Thames at Thurrock, will have capacity to unload six of the world's largest ships at one time and have as much impact on the capital as a new airport or half a dozen Westfield shopping centres
With London Fashion Week kicking off on Friday, British designer Matthew Williamson tells Rosamund Urwin about breaking up with his ex, post-show partying and his new model man
Afternoon:
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