Market Round-up: Gossips in the City claim the world’s largest luxury goods company is considering a sale so it has the cash for its own shopping spree... more
Could predator be set to turn prey at Man Group?
The City is hot with talk that the hedge fund manager, which is buying rival GLG, is about to be snapped up by the Bank of New York Mellon... more
President Barack Obama declares an end to taxpayer bailouts of failing firms as he signs into law America's most comprehensive financial reform since the Great Depression... more
Video: Political uncertainty in Westminster overshadows upbeat news on the economy, as pressure mounts on politicians to form a stable government... more
Investors are dumping the euro at a rate not seen since the collapse of Lehman Brothers amid warnings that the single currency could hit parity with the dollar... more
Does Barclays need more cash? Credit Suisse believes so, warning that the bank needs to raise £17 billion over three years to meet new capital requirements... more
Merrill Lynch owner Bank of America named its consumer banking boss Brian Moynihan as chief executive after the search for a high-flyer from outside the firm failed... more
Fury over new rules aimed at controlling City bonuses as taxpayer-funded Royal Bank of Scotland spends more than £10m hiring two executives from rival banks... more
Lloyds Banking Group today struck a deal to sell off its Insight Investment Management arm to Bank of New York Mellon for £235 million as part of a major shake-up of its asset management operations.
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Leading shares rallied from opening falls after the Governor of the Bank of England, Mervyn King, moved to reassure stock market investors that cheap money would be swilling around the economy for sometime to come... more
The American banking industry will undergo a radical shake-up tonight, as the government made it clear which institutions it regards as strong and which as fundamentally weak ... more
Barclays president Bob Diamond could get a £12.5 million windfall if the bank decides to sell its entire fund management arm Barclays Global Investors, rather than just its iShares offshoot ... more
Employment: The global financial services industry faces an even bigger bloodbath than previously anticipated with job cuts now expected to hit 350,000... 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
Morning:
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