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Bank of America picks insider Moynihan as new chief
Bank of America has appointed Brian Moynihan, the head of its retail bank, as its new chief executive as America's biggest lender seeks to return to financial health.
17 Dec 2009
Sterling lifted by UK unemployment numbers
UK unemployment dropped for the first time in almost two years in November, in the latest sign that the economy may be emerging from recession.
16 Dec 2009
Punch says trading remains difficult
Punch Taverns, the largest owner of pubs in the UK, said today that trading in the past few months has remained difficult although operating margins have improved.
16 Dec 2009
House price rise to stall
Bank of England's Kate Barker says rally unlikely to be sustained.
16 Dec 2009
RBS'S EGM in Edinburgh: how it happened
Royal Bank of Scotland shareholders meet today in Edinburgh. Louise Armitstead reports from the meeting.
15 Dec 2009
RBS shareholders gather in Edinburgh: live
Royal Bank of Scotland shareholders meet today in Edinburgh today. Louise Armitstead reports from the meeting.
15 Dec 2009
Inflation rises to six-month high of 1.9pc
Inflation accelerated to 1.9pc last month, rising more than economists expected, as fuel and transport costs climbed.
15 Dec 2009
Inflation expected to have edged closer to 2pc
Inflation is expected to have edged closer to 2pc last month as the sharp drop in oil prices seen last autumn is not repeated, economists said ahead of official figures.
15 Dec 2009
Bob Kelly out of the running for Bank of America job
Bob Kelly, chief executive of Bank of New York Mellon, on Monday night ruled himself out of the race to take over from Ken Lewis at the helm of Bank of America when he stands down at the end of the month.
15 Dec 2009
Support for a tax on shipping and aviation grows
Support for a global tax for shipping and aviation is growing at the Copenhagen climate change talks.
14 Dec 2009
Exxon Mobil buys XTO for $31bn
Exxon Mobil has swooped on XTO Energy, the largest US producer of natural gas, in a bet that the need to cut carbon emissions will drive demand for the gas.
14 Dec 2009
No apology for bonus tax as City firm moves staff
Lord Myners, the City minister, says the banks have themselves to blame as broker Tullett Prebon says it will help staff relocate.
14 Dec 2009
Chinese government in race to spend £180bn
The Chinese government is likely to go on a 2 trillion yuan (£180bn) spending spree after finding more than a quarter of its budget left unused.
14 Dec 2009
Cadbury: don't let Kraft 'steal your company'
Cadbury shareholders were urged today not to let US rival Kraft 'steal your company on the cheap'.
14 Dec 2009
UK homeowners 'now £200 a month better off’
Lower mortgage payments mean a quarter of UK homeowners are better off, according to the Bank of England.
14 Dec 2009
Sweden's EQT Partners buys Springer Science+Business Media
EQT Partners, the Swedish private equity firm owned by the Wallenberg family, has agreed to buy German academic publisher Springer Science+Business Media.
11 Dec 2009
Bonus tax sends out global tremors
In his pre-Budget report, the Chancellor moved to assuage public anger over bank pay with a 'one-off’ tax on bonuses, prompting bankers to warn they would be driven abroad. We report on the reaction to the tax in other countries.
11 Dec 2009
French to follow London on bonus tax
France intends to follow Britain’s lead on imposing a 50pc tax on bank bonuses, the Elysée confirmed on Thursday as Nicolas Sarkozy and Gordon Brown jointly called for a “level playing field” on global financial regulation.
11 Dec 2009
Wall Street bankers worry Obama may follow on bonus tax
Wall Street’s bankers reacted to news of the 50pc tax on banker’s bonuses announced in the pre-Budget report with some trepidation.
11 Dec 2009
Geneva is rubbing its hands with glee at London's bonus tax
Disaffected London bankers are threatening to decamp to Switzerland as bonuses attract less scrutiny and lower levels of tax in the Alpine air. And then there's the lifestyle…not to mention the skiing.
11 Dec 2009
Dubai doesn't pose a threat to London for now
Two or three years ago, an announcement of more taxes on bankers in London would have had Dubai rubbing its hands with glee – or at least lit up a skyscraper or two.
11 Dec 2009
Tax rises force Cruddas to eye move from UK
Self-made British billionaire Peter Cruddas is considering moving parts of his CMC Markets empire offshore as a direct result of the tax increases in the pre-Budget report. 06
11 Dec 2009
Germany's Merkel says bonus taxes a 'charming idea but not for us'
Angela Merkel, the German Chancellor, described Alistair Darling's plan to tax bankers' bonuses as a "charming idea" but stopped short of saying she would back the same move in Germany.
11 Dec 2009
City riven by bonus tax confusion and condemnation
Forget about greed — condemnation and confusion were the prevailing sentiments in the City yesterday as the financial industry attempted to assess the ramifications of the Chancellor’s windfall tax on bankers’ bonuses.
11 Dec 2009
Bankers may evade Alistair Darling's bonus tax
Some of London's best paid investment bankers may be exempt from Alistair Darling's bonus tax because the advisory businesses they work for may not count as banks.
10 Dec 2009
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