Some good news for the Marylebone Cricket Club. JPMorgan, arguably Wall Street's most successful bank, has stepped in with a major, four-year sponsorship deal for Lord's, including its media centre... more
It is the end of an era. Kleinwort Benson, once one of the City's most venerable merchant banks,
is leaving the Square Mile for the West End and marked its departure with a bash at the City Tavern in Trump Street last night... more
Is Land Securities taking the Michael? Or has the UK's biggest property developer been given the quiet nod by the City of London to ask for an extra floor of 51,000 sq ft to the 37-storey Walkie-Talkie at 20, Fenchurch Street?... more
Is Goldman Sachs going to change? Should it? During the peak of the financial crisis, it was possible to believe that it thought it should, that it might retrieve its lost motto of being "long-term greedy", rather than chasing every short-term buck going via fast trades, hostile takeovers involving its own clients, or whatever else it fancied... more
Ah, the desperate whiff of worried PRs. London-listed mining giant Vedanta Resources had a bruising encounter with tribal rights charity Survival International last year... more
Former City worker who spent seven years in an Indian jail for alleged drug trafficking has won his battle to serve his sentence in a British prison... more
A big hand for Cartesian Capital Partners, which stands to make millions from shorting shares in Kate Bleasdale's Healthcare Locums, which have just been suspended because of "accounting irregularities"... more
Monaco is a place most closely associated with luxury and secrecy - which makes it a curious choice of name for the Royal Bank of Scotland’s first attempt to unwind its commercial loan portfolio... more
On Property: Minerva should give a seat on the board to Philip Lewis, the man revealed as representing the 29.9% stake held by largest shareholder Nathan Kirsh... more
I felt a great deal of sadness for Lord Browne after reading his recent description of how tough it is to be openly gay in the City. I came out at a young age and have never felt any pressure to conform to some imaginary City code of straight conduct... more
One of the oldest names in the City changed hands today, as Kleinwort Benson, whose history dates back to the 1850s, was sold by Commerzbank to Belgian conglomerate RHJ International for £225 million ... more
One year ago today, the news broke that Lloyds TSB was going to take over HBOS in a £12.2 billion all-share deal. With the benefit of hindsight, it is still staggering to read the press release issued to the Stock Exchange the following morning, 18 September... more
Drunken society beauty swore at airline cabin staff and had her breasts fondled by a fellow passenger in front of other travellers, a court heard... more
If you want people to sit up and take notice of your £10 billion takeover bid, there are few better ways than employing veteran New York banker Bruce Wasserstein to lead the attack ... more
It is a basic rule of capitalism that when a company stumbles, nimble new competitors come into the market to kick it when it is down and to try to grab its business. It is a rule that holds true for most sectors, provided the barriers to entry are not too daunting.
... more
The oil price ticked up as Hurricane Gustav headed for the oil installations in the Gulf of Mexico. Now it appears to be losing strength and passing through without inflicting anything like the damage we saw in 2005 when Katrina flooded New Orleans, prices seem to be sliding down again... more
Shares in German banking giant Commerzbank fall more than 8% as investors fret about its £7.3 billion takeover of fellow German bank Dresdner Kleinwort... more
While colleagues in investment banking bemoan the fact that entertainment budgets have been slashed, private bankers are still smiling ... until now. ... 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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