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Fears of a cataclysmic crisis subside

Mon, 17 Jun 2013 23:00:00 GMT

Financial risk managers believe the chances of a cataclysmic crisis have fallen back to their lowest level for five years, the Bank of England said yesterday.

Qatar sells back its stake in Porsche

Mon, 17 Jun 2013 23:00:00 GMT

The German family shareholders of Porsche got their keys back yesterday when Qatar's sovereign wealth fund sold its 10 per cent stake in the car marque's owner back to its founders.

SFO set to charge ex-UBS trader over Libor rigging

Mon, 17 Jun 2013 23:00:00 GMT

Lawyers for the Serious Fraud Office were last night reported to be on the cusp of filing charges against a former UBS trader in connection with allegations of manipulating the benchmark Libor interest rate.

AA to split from Saga as huge pre-crash takeover unravels

Mon, 17 Jun 2013 23:00:00 GMT

The AA is to split from its silver-haired sister company Saga in a multibillion-pound deal that undoes one of the biggest corporate takeovers of the pre-crash credit boom.

MPs question Lloyds

Mon, 17 Jun 2013 23:00:00 GMT

Lloyds' bosses will face questions from MPs on the Treasury Select Committee today over the attempted sale of part of its branch network to the Co-op Bank. The deal, eventually scuppered by the Co-op's financial crisis, was accused of being promoted by the Government to boost the mutual banking sector.

Review into high street attacks Portas plan

Mon, 17 Jun 2013 23:00:00 GMT

Bill Grimsey, the former chief executive of the DIY chain Wickes and Iceland stores, has attacked the retail expert Mary Portas for giving "false hope" to Britain's high streets. His comments came as he launches an alternative review of the troubled sector today.

MP poised to launch Bill curbing payday lenders' 'rip-off practices'

Mon, 17 Jun 2013 23:00:00 GMT

A Labour MP is introducing a Private Member's Bill this week to protect people from payday lenders.

Streaming services sign Hollywood deals

Mon, 17 Jun 2013 23:00:00 GMT

Netflix and LoveFilm have both struck deals with big Hollywood studios as the online streaming services compete to snap up television and film rights.

US builders seeing brighter times

Mon, 17 Jun 2013 23:00:00 GMT

America's housebuilders have turned positive on their industry's prospects for the first time since the housing crash.

Asos competitor Boohoo mulls sale

Mon, 17 Jun 2013 15:31:12 GMT

The online clothing retailer Boohoo is considering a sale of the business, following strong growth since it was founded seven years ago.

Sales of English wine are sparkling for Majestic

Mon, 17 Jun 2013 12:58:40 GMT

Sales of English sparkling wine more than trebled at Majestic last year after their showcasing at the 2012 Olympics and the Queen’s Diamond Jubilee.

Legal & General goes for insider as FD to appease City watchdog

Mon, 17 Jun 2013 12:57:52 GMT

Legal & General has ended its year-long search for a new finance director, having had its original choice blocked by the City regulator.

Sir George Buckley to chair FTSE 100 engineer Smiths Group

Mon, 17 Jun 2013 12:56:34 GMT

Sir George Buckley, the British industrialist who until last year headed the US conglomerate 3M, will return to the UK corporate spotlight as the new chairman of FTSE 100 engineer Smiths Group.

'Quiet Assassin' Bolton to quit Fidelity after China fund flop

Mon, 17 Jun 2013 12:52:08 GMT

Anthony Bolton, one of Britain’s best-known fund managers, is to retire after failing to crack the Chinese market.

'Quiet Assassin' Bolton to quit after China fund flop

Mon, 17 Jun 2013 12:52:08 GMT

Anthony Bolton, one of Britain’s best-known fund managers, is to retire after failing to crack the Chinese market.

Troubled Co-operative Bank unveils rescue plan to plug £1.5bn hole in balance sheet

Mon, 17 Jun 2013 10:50:46 GMT

The Co-operative Bank has unveiled a rescue plan without any injection of cash from the taxpayer in a bid to plug a £1.5 billion hole in its balance sheet.

Troubled Co-operative bank unveils rescue plan to plug £1.5bn hole

Mon, 17 Jun 2013 10:07:46 GMT

The Co-operative Bank has unveiled a rescue plan without any injection of cash from the taxpayer in a bid to plug a £1.5 billion hole in its balance sheet.

Troubled Co-operative bank unveils rescue plan

Mon, 17 Jun 2013 06:26:46 GMT

The Co-operative Bank has unveiled a rescue plan in a bid to plug a £1.5 billion hole in its balance sheet.

Co-op unveils rescue plan for bank

Mon, 17 Jun 2013 06:26:46 GMT

A rescue plan for the Co-operative's troubled banking arm was unveiled today in a bid to plug a £1.5 billion hole in its balance sheet.

Co-op saved, but banks face shake-up in pivotal week

Sun, 16 Jun 2013 23:55:36 GMT

The Co-operative Bank will this week announce a plan to fill a £1.5bn hole in its finances, just as the Parliamentary Commission on Banking Standards recommends new powers to break up struggling banks.

Private equity firms suffer as deals fall in downturn

Sun, 16 Jun 2013 23:55:36 GMT

Private equity firms sold fewer European businesses last year, reflecting the "volatile" economic climate and the unwillingness of banks to provide debt financing for deals, according to the accountancy firm Ernst & Young.

Advisers cut fees to gain work from fundraisers

Sun, 16 Jun 2013 23:55:36 GMT

Tough competition among financial advisers in the City has been laid bare by data showing that the cost of entering London's junior stock market has dropped for the first time in seven years.

What The Sunday Papers Said

Sun, 16 Jun 2013 23:55:36 GMT

The Independent on Sunday: Tougher punishments expected for bankers

From Smirnoff to strawberries: Walsh lands new role has Compass chairmanship on the menu

Sun, 16 Jun 2013 23:55:36 GMT

Paul Walsh, the mastermind behind the global expansion of the Smirnoff and Johnnie Walker maker Diageo, is expected to take the chair at the caterer Compass as he retires from the drinks giant next year.

Pay crackdown could see EDF drawn into summer of strikes

Sun, 16 Jun 2013 23:55:36 GMT

The French energy giant EDF is set for a showdown with British unions over pay for more than 5,000 workers at its money-spinning power stations, in a dispute that could lead to strikes.