Deutsche Bank to cut investment arm

German lender will also overhaul governance

HSBC threatens to move HQ from UK

Hong Kong regulator welcomes bank’s decision to launch review

Clegg: no Labour pact if it involves SNP

Labour consumed by ‘frothing bile’ towards Lib Dems

EU ire at Greece boils over

Finance ministers accuse Athens of backtracking on commitments

Elaine Wynn

Wynn-Wynn is Wynn-lose for casino couple

Bitter board battle with a personal edge plays out in public

Generial views of 52 Cadogan Square, London. An historic Grade II listed building on one of London’s most desirable squares is set to be transformed into a £60 million mansion. See SWNS story SWHOUSE. Number 52 Cadogan Square was built in the 19th century for Thomas Andros de la Rue, who wanted a stunning Queen Anne Revival style home. It was later the residence of sugar tycoon Vernon Tate, who lived there until his death in 1950s. After this, the property remained in Tate & Lyle ownership and was used as accommodation for executives visiting London. But after being vacant for four years, the property is in need of significant refurbishment and architects, acting on behalf of The Cadogan Estate, have submitted plans to return it to a single family home. The result will be one of London's finest recently refurbished homes which integrates a sizeable mews property at the rear.
©SWNS

Super-rich merge flats into one big home

Vogue for creating ‘super prime’ family homes

US Flash Crash Trader...Navrinder Sarao at Westminster Magistrates Court. The US Department of Justice wants to extradite Navinder Singh Sarao, 36, on charges of wire fraud, commodities fraud and market manipulation. Mr Sarao told the hearing that he opposed extradition to the US. Credit:Priscilla Coleman/MB Media
©Priscilla Coleman/MB Media

Trader at centre of offshore accounts web

US claim that Sarao sought to shelter millions from tax

Sarah Lucas: the artist at work ©Julian Simmons

Russian bikers denied entry to Poland

Bikers wanted to mark capture of Nazi Berlin

Screengrabs of three Facebook pages which offer advice and prices of transportation for migrants seeking to make the dangerous crossing to Europe

Human traffickers advertise on Facebook

Smugglers promise reliable and comfortable journey

Smashburger joins US grab for UK market

Chains look to capitalise on changing British appetite

Stark reality behind CIA drone operations

Deaths of hostages create crisis for US programme

Comment and Analysis

Running - Stock Image
©iStock

Marathon runners make us competitive

The rise of online fundraising has added career-enhancing sponsorship opportunities

‘Study for a Mural’ (c1951-1953), by Louis Khan
©Courtesy of the estate of the artist

Architectural drawings at Hauser & Wirth

Vibrant sketches from the greatest names of the 20th century

Jonathan McHugh illustration
©Jonathan McHugh

This is no time for the Tories to panic

National campaigns can be tweaked, but they have little impact on the election result

Best comments from our readers


"A central question now is are there similar creditors to Lehman's, investors that have effectively lent hundreds of millions or even billions of dollars to Greece when they don't know they have done so and will be shocked if a default leads to losses on their investments? Few Americans know what assets they really own by owning shares in mutual funds."
By Doug Cliggott on US fears a European sequel to Lehman Brothers



"Where does HSBC think it will be able to relocate? Hong Kong? Isn't the concern about China the reason why it moved to the UK in the first place. Singapore? In the long term is that where it wants to be? New York where the regulators are even more difficult? It does not really have too many choices but to sit tight."
By Disputator on HSBC reviews future of UK headquarters


Weekend FT

interiors

The 28 chandelier series ©Gwenael Lewis Canadian design: Nordic by nature

house and home

Pulteney Bridge in Bath ©Anna Stowe/Alamy Bath’s charms draw buyers from London

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