Barclays set to name Jes Staley as chief

Appointment of ex-JPMorgan investment banker likely within weeks

Supply shortfall fuels house price growth

North-south divide re-emerges despite small dip in London

Buffett fends off tougher reinsurer rules

Swiss Re boss praises investor’s intervention over stricter rules

UK inflation turns negative

September CPI falls to -0.1% but state pensions protected

Payment processing company Worldpay has said it plans to raise £890m by listing its shares on the London stock market. The flotation could give the company a market value of nearly £4bn and push it into the FTSE 100 index of the largest UK-listed firms.

Worldpay to raise £2.5bn in IPO

Payments processor listing comes after it rejected takeover offer

Labour signals U-turn on balanced budget

John McDonnell gets hostile reception from party’s MPs

Angry investor stabs China asset manager

Attack at meeting after collapse of financial guarantee company

Iran’s parliament backs nuclear deal

Vote follows Obama success in quelling US Congressional opposition

Facebook puts spotlight on Osborne levy

Social network company’s tax bill sparks questions on restructuring

Public ownership of Royal Mail ends

UK government sells remaining stake for £591m

London plays up the pomp for Xi’s visit

China enjoying ‘a golden time’ in diplomatic hyperbole

Comment & Analysis

US oil output rises despite drilling fall

US oil producers have managed to offset collapse in drill rig numbers with efficiency gains

Bank chairmen lack necessary knowledge

Too little has changed on this front since the financial crisis

US bond sell-off squeezes swaps trade

Dislocation occurs between Treasuries and interest rate swaps

Best comments from our readers

"Sure the US finance industry will grow larger. The question really is if you think that they are adding anything productive to the economy. Efficiently allocating capital does not seem to me to be such a difficult job as to deserve 20% of productive capacity of the economy. Perhaps it's extracting this rent from other sectors of the economy."
By IRLecon on Europe needs homegrown bulge bracket banks

"You are waaayyyy behind modern working environment. The thing to do is join a local office, such as the bazillions of hubs in a neighbourhood near you. The amount I saved on commuting was more than enough to join a hub many times over, which gives the social interaction, the feeling of work being important."
By BetaByNature on Spare yourself the loneliness of long-term home workers

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