Banks should be made to pay into a fund to support their wind-up if there is another global financial crisis, says EU regulation chief Michel Barnier
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An audacious raid on a Paris bank by a gang led by a blonde, gun-toting teenage girl was foiled when her henchmen 'mucked things up', French police said... more
Group of allotment holders claim there are plans to sell their site to developers, even though it has been cultivated by local people for nearly a century... more
Old Mutual, the London-based insurer, is paying a �45 million (£39 million) break fee to walk away from a �165 million deal to buy a stake in Chinese fund manager ABN Amro Teda Fund Management ... more
Riot police were called in to protect Britain’s richest man, Lakshmi Mittal, after workers crowded outside the headquarters of his steel giant ArcelorMittal... more
Banking: Fortis, the Benelux financial services group brought to its knees by the credit crunch, has lost another €295 million in currency deals in little more than a fortnight... more
Credit crisis: Bank of England urged to slash interest rates by a full percentage point as central bankers around the world face mounting pressure to tackle the global recession... more
One of the more bizarre suggestions I have heard this week was that we are not in a systemic crisis. It used to be only at weekends that banks collapsed, were nationalised or forced into mergers but now it is almost a daily occurrence... more
Following the failure yesterday of the US rescue plan, Wall Street plunged, dragging everyone else with it. When the dust settles, we may find life has changed for good... more
Credit crisis contagion continued to spread around the world as the Belgian and French governments backed a second bailout in two days and the Indian central bank moved to support a major lender... more
There was a predictability about the demise of Bradford & Bingley, but the problems that surfaced at Fortis, Belgium's largest bank, are of an altogether different scale... more
The Prime Minister jets across the Atlantic for a meeting with other world leaders to talk about a new regulatory structure for global financial markets — a timely reminder that current market conditions won't last for ever... more
Royal Bank of Scotland has switched its attention to Commonwealth Bank of Australia in its search for a buyer for ABN Amro's investment banking and corporate finance business in Asia... more
Sofia Coppola's boyfriend is lead singer and they won the Grammy for Best Alternative Music Album this year. Now, Phoenix tell Nosheen Iqbal, they are set to conquer London
Move over, Mahiki. Nightclub entrepreneurs Charlie Gilkes and Duncan Stirling are soon to launch a new Eighties-inspired club in Chelsea, in honour of Lady Thatcher
Morning:
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