Last week, on a hot evening under heavy skies, I took my place in a Broadway queue for an Obama fundraiser. There were three such events in Manhattan that evening alone, and my theatrical benefit night was by far the cheapest... more
When the most powerful people in the world need to communicate, they don't use email or post on each other's Facebook wall, they pick up a phone... more
Crippled Wall Street giant and major City employer Merrill Lynch paid 14 of its bankers more than $10 million (£6 million) last year despite racking up losses of nearly $28 billion ... more
Wall Street's top lawman is urging senators and congressmen to investigate whether ex-Treasury Secretary Hank Paulson and Federal Reserve chairman Ben Bernanke misled shareholders during the Merrill Lynch crisis... more
A US judge will rule this week on the legality and confidentiality of £2.5 billion of bonuses paid to about 200 executives at Merrill Lynch just days before it was rescued by Bank of America... more
The banker at the centre of an £85 million "rogue trader" scandal insisted the issue was a "misunderstanding" as he returned to London to face investigators... more
New York attorney general Andrew Cuomo has issued subpoenas for seven Merrill Lynch executives who scooped tens of millions of dollars in bonuses even as the firm racked up losses of $27.6 billion (£19.69 billion)... more
Banking: Former Merrill Lynch chief executive John Thain will hand over names of staff who were paid $3.6 billion in bonuses just before the firm merged with Bank of America... more
Caroline Kennedy pulled out of her bid for the US Senate seat vacated by Hillary Clinton, and once held by her uncle, Robert F Kennedy, shocking her supporters... more
Despite its bail-out, Goldman Sachs is set to pay out £7bn in salaries and bonuses. It is failing to grasp a new public fury over conspicuous consumption... more
American International Group (AIG), the bailed-out insurance giant, is to give New York Attorney General Andrew Cuomo details of payments it made to its ex-chief executive, Martin Sullivan.... more
Insurance: American International Group is facing an investigation for "unwarranted and outrageous expenditures" after paying hefty executive bonuses and spending £50,000 on a UK shooting trip... more
So says a City veteran as regulators move to curb the aggressive gambling on falling shares that many in London and New York believe has helped bring about the financial crisis ... more
Investment banks Merrill Lynch, Goldman Sachs and Deutsche Bank have caved into pressure from New York attorney general Andrew Cuomo to settle the dispute over their sale of auction rate securities... more
New York attorney general Andrew Cuomo is stepping up his probe into the sale of auction-rate debt, and is now focusing on Bank of America, Goldman Sachs and Deutsche Bank... more
Allegations widened this morning that Wall Street banks deliberately offloaded risky securities on retail and corporate customers even as the market for them was falling apart... 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
Tonight:
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