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Global financial crisis
In depth: Full coverage of one of the most radical reshapings of the global banking sector, as governments and the private sector battle to shore up the financial system
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Nationwide lashes out at rescued banks
The head of Nationwide, Britain’s biggest building society, accuses government-backed companies of seriously distorting the savings market as its profits fall more than 60%
Mortgages before current accounts at Tesco
The supermarket chain, which has pledged to become the ‘people’s bank’, has indicated that it could look to introduce mortgages by the end of next year, but may not begin offering current accounts until 2011
Gartmore to cut debt with £250m IPO
The asset management group says the offering will cut net debt to £150m. Managers are expected to sell up to 20% of their shares
Brussels warns on accounts rules
The European Commission has warned that it will be months before it decides whether to support a radical overhaul of accounting rules on how banks and other financial institutions value their assets
Investec looks to UK for 10% growth
The South African financial services group plans to increase its lending to UK customers,
Nationwide seeks help in new rash of acronyms
The building society sector, led by the leading operator, approaches regulators about a CoCo-based model that could buttress their stressed capital bases
Lex: Bonus windfall tax
‘Try it: millions will love it,’ writes Martin Wolf, the FT’s chief economics commentator. In the UK, the mob is once again baying for blood
New talent lured ahead of listing
Gartmore has spent the past year steadily recruiting talent from other asset managers – a move that was widely seen as preparation for a public listing
PayPoint plans further overseas expansion
The move comes after the UK corner-shop payments processor said its Romanian operation, the group’s first foray into European markets, would break even next year
Informant says Galleon tips came from Asia
The scope and complexity of the alleged insider trading ring involving Galleon are thrown into relief after it emerges that one informant was given trading tips by a source in Asia
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