City Comment: It's the American way - kick off an action with blood-curdling allegations, then a deal to drop the charges popping up a few months later... more
Government ministers or leading civil servants should be forced to outline any economic concerns to the Queen each month to prevent a repeat of the credit crunch, it was suggested... more
The Chancellor of the Exchequer Alistair Darling yesterday devoted 17 out of the 18 pages of his speech on the Pre-Budget Report to outlining various measures to relieve the impact of recession, to increase allowances, and to increase taxes which taken as a whole did not really add up to very much. ... more
The fall in the value of shares today - the FTSE fell below 4000 - like the recession itself cannot entirely be blamed on Britain alone: part of it was attributable to events in America... more
Citigroup's Corporate Special Opportunities hedge fund is returning only three cents on the dollar to investors — underscoring the depths of the difficulties at the alternative investment unit once headed by the bank’s current chief executive, Vikram Pandit... more
Shares rose sharply as the City took time out from the continuing world economic turmoil and a gloomy assessment of Britain's prospects from the Bank of England... more
Analysis: A year ago, BBC News dropped a bombshell the City will never forget. Northern Rock, one of the country's biggest mortgage lenders, had run out of cash and was going cap in hand to the Bank of England for emergency funding... more
The shock departure of Deputy Governor Sir John Gieve from the Bank of England is welcomed in the City as chief economist Charlie Bean is lined up to replace a second departing Deputy ... more
At the Mansion House dinner, there were so many elephants in the room that standing to raise our glasses to Prince Philip, Prince Charles, Camilla and other members of the Royal Family - seriously, they were the second toast after the Queen - was a tight squeeze... more
The announcement by Bank of England Deputy Governor Sir John Gieve that he would be leaving next spring, two years ahead of schedule, drowned out an important admission by the Chancellor in last night's Mansion House speech... more
The Bank of England was in turmoil after the resignation of Sir John Gieve, the deputy accused of neglecting his duties during the collapse of Northern Rock... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
Morning:
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