China wants to give the market more sway over interest rates in the next five years, in a crucial step towards the deregulation of its financial system... more
The Deal is back. Kraft’s unsolicited £10 billion bid for Cadbury. The merger of T-Mobile and Orange to form Britain’s largest mobile phone operator. Investment bankers are slavering after 18 months of what former senior Tory Alan Duncan might term “living on rations”
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Shares in Barclays dropped as much as 55½p to 264¾p today before recovering to 268½p as its broker Credit Suisse placed one of its largest sovereign wealth investors’ stakes in the market at about 267p a share...... more
Barclays has said it was considering raising funds from the markets instead of the British taxpayer but analysts warned that it may be disappointed as investors snub banks.... more
Asian hotshot Naguib Kheraj's arrival at blue-blooded brokers Cazenove signals more than a break with tradition - it could be crucial as the Queen's bankers face an uncertain future
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Cazenove, the top London stockbroker, risked civil war among its rainmakers when it chose the former finance director of Barclays as its new boss... more
HBOS and Barclays secure a combined £8.5bn in fresh capital, but there is immediate concern that they may need to seek yet more money if the credit crunch worsens... more
Billions of pounds wiped off the value of Britain's High Street banks, raising fresh fears over HBOS's £4 billion rights issue and Barclays' £4.5 billion fund raising... more
Afternoon:
8°c
