Business Analysis & Features
Goldman Sachs humbled
The Wall Street giant announced its first quarterly loss in a decade and its stock has plummeted by two-thirds this year. So, how did the mighty institution fall? Mathieu Robbins reports
Inside Business Analysis & Features
Feted by the rich, Madoff was a schemer supreme
Tuesday, 16 December 2008
In the Florida resort Bernard Madoff called home, neighbours trusted him with their nest eggs. Stephen Foley investigates
Madoff's kiss of death for hedge funds
Tuesday, 16 December 2008
The $50bn Ponzi scheme allegedly run by Bernard Madoff on the 17th floor of New York's Lipstick Building is a disaster for the hedge fund sector. Mathieu Robbins reports
Market Report: Traders turned off Drax by power price fears
Tuesday, 16 December 2008
The owner and operator of the Drax coal-fired power plant, Drax, fell back last night, losing 4.53 per cent, or 24.5p, to 516p after Merrill Lynch sounded a warning about the potential impact of lower power prices.
So the pound is just falling to 'fair value'. What if it can't stop?
Sunday, 14 December 2008
Sterling crises have come and gone in the past 40 years. Simon Evans asks if Gordon Brown can learn any lessons from Harold Wilson and Norman Lamont
Is 'QE' the cure for our financial crisis?
Sunday, 14 December 2008
'Quantitative easing' is a tool that might even postpone recovery, warns Chris Watling
Lonely log on to find love in a cold climate
Sunday, 14 December 2008
The worse the economic outlook, the more people are turning to online dating services in the quest for a soul mate to share the bad times.
Gossip – the only commodity worth digging up
Sunday, 14 December 2008
As mining falls victim to the global financial crisis, Mark Leftly sifts through the speculation on takeovers and corporate collapses
The best business books of all time
Saturday, 13 December 2008
There's never been a more compelling time to read about business and finance. Sean O'Grady picks the best books of the bunch, from timeless classics to the latest crop of credit crunch chronicles.
Credit crisis diary: 13/12/2008
Saturday, 13 December 2008
Sorry is suddenly not the hardest wordBankers are suddenly falling over themselves to say sorry. Joining the ever-growing list of bank directors who have apologised to their shareholders, Andy Hornby and Lord Stevenson, chief executive and chairman respectively of HBOS, were both at great pains to use the s-word during yesterday's EGM. Sadly, while the pair were expressing their remorse, HBOS shares were plunging another 23 per cent on the bank's soaring bad-debt figures. Looks like they'll soon have to apologise all over again.
Where does the City go from here?
Thursday, 11 December 2008
The Square Mile has been rocked by the global financial crisis, but the City's leaders believe there will be a recovery once issues such as pay and regulation have been resolved
EDITOR'S CHOICE
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1 The man who conned the world
2 US slashes interest rates to new zero-0.25% range
4 Stephen King: First the Chinese accumulated dollars, now everyone is joining the stampede
5 Feted by the rich, Madoff was a schemer supreme
6 ABN deals left RBS exposed to Madoff
7 Europe's banks reveal $8bn of exposure to alleged fraud
8 Madoff's kiss of death for hedge funds
9 Jeremy Warner: Investors should have looked at Madoff's golf scores
10 Retailer Best Buy suffers from retreating value of its stake in Carphone Warehouse
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Columnist Comments
• Hamish McRae: It's now back to Victorian values
The 19th century constructed not just a regulatory financial code but a moral one
• Mark Steel: To George Bush, his critics are just lone difficult schoolboys
It's impossible for the President to acknowledge his failure in Iraq
• The Sketch: Davies the demonic, red-faced alien
Imagine being shown round the Great Hall of Quentin Court, or wherever it is that the Procurement Minister lives