Lehman Brothers’ Asian business will be snapped up by Japanese bank Nomura, it emerged, as London-based staff awaited news of a bid for parts of the European operations.[...]
Goldman Sachs and Morgan Stanley gave up their cherishd investment banking status to enable them to survive the current financial storm that US authorities aim to tackle with a $700bn (£400bn) bailout plan.[...]
Lloyds TSB threatened to walk away from the deal to buy HBOS last Wednesday in a move which could have forced the troubled mortgage lender into nationalisation.[...]
Ravi Sinha, head of private equity firm JC Flowers in Europe, who tried to buy Northern Rock earlier this year, has spent much of the past few weeks in New York, in a ringside seat for some of the biggest shocks to the banking sector this century.[...]
Lehman Brothers’ British staff reacted with fury when told that colleagues at Lehman’s New York office were expected to share in a $2.5 billion bonus bonanza while they would be paid just until the end of the month.[...]
The Office of Fair Trading is to launch an investigation after Tesco used a local retailer to "front" a planning application for a massive supermarket development in Devon.[...]
British Airways is reviewing its plans to appoint a chief operating officer after parting company with Whitehead Mann, the headhunter hired to find a suitable candidate.[...]
Eric Daniels, the chief executive of Lloyds TSB, tells Andrew Cave about the late-night talks that last week gave him control of Britain's biggest mortgage lender.[...]
Buy shares in Kingfisher, the do-it-yourself retailer that owns the B&Q; chain.[...]
Dashwood hears that customers at The Wolseley, no doubt taking the edge off what was shaping up to be a rough week, had their digestion disturbed by the news that the establishment's Royal Bank of Scotland payment line had decided to stop working.[...]
Lloyds TSB welcomed the extension of the special funding scheme for banks but said it did not insist on the move before agreeing to take over HBOS.[...]
Royal Bank of Scotland has revealed it has a gross exposure to failed investment bank Lehman Brothers of up to $1.8bn (£1bn).[...]
Morgan Stanley is in talks with a number of potential partners led by US regional bank Wachovia and Chinese sovereign wealth fund China Investment Corporation (CIC).[...]
Barclays raised £700m in fresh equity capital yesterday - in a move that will give it one of the strongest balance sheets among British banks.[...]
Bebo founder Michael Birch has launched an online video dictionary website called Wordia.com, his first new venture since he sold the popular social networking site.[...]
It is a measure of this extraordinary week that stories which would normally hold the front page barely make the news list. You would have needed sharp eyes to spot that the oil price fell to less than $90 a barrel on Tuesday. And you would have searched in vain [...]
Sir Richard Branson has reacted furiously to remarks from British Airways chief executive Willie Walsh that the Virgin founder knows what it is like to run a monopoly.[...]
I asked one of London's most eminent investment bankers yesterday if any more banks were about to go under? "How can I possibly tell," he said. "It's only Wednesday."[...]
HBOS made a song and dance in the City - but the quiet men from Lloyds TSB are calling the tune now. Gordon Rayner reportse[...]
HBOS made a song and dance in the City - but the quiet men from Lloyds TSB are calling the tune now.[...]
Woolworths, the struggling high street retailer, will sell up to 120 stores, axe a quarter of its products, significantly scale back its web operations and cut jobs under a radical turnaround plan by Steve Johnson, its new chief executive.[...]
US news channel CNN became the latest victim of Howard Stern when the 'shock-jock' sent two employees to Wall Street to lighten up the Lehman Brothers crisis.[...]
Lloyds TSB, for so long criticised for being boring, is finally leading Britain's mangy pack of banking dogs. Chief executive Eric Daniels has been through it.[...]
"You may prove anything with figures", wrote the Scottish wit Thomas Carlyle.[...]
