Holdings in illiquid bonds made things even worse for the Swiss-based fund manager

Mandatory convertible bond has more bells and whistles than a one-man band

Upstart’s capability in doubt as lender seeks to plug capital hole

The UK supermarket chain is well-placed to start fixing its problems

After a series of cheerful trading updates, the penny has finally dropped

Proposed Sainsbury’s-Asda plan an opportunity for the CMA’s chairman to show his teeth

Vodafone the latest example of a company whose payouts look unsustainable

Grim truth is that these huge projects are a financial dead end

Calmer minds will be looking beyond March 29 and seeing bargains in British businesses

Hinkley Point and HS2 have defied all attempts to justify their economics

Suddenly, it seems, there are too many things to worry about

It’s the sort of sleight-of-hand that helped bring down Carillion

People are effectively being forced to gamble on a resumption of house price inflation

Prognosis is for further financial pain for chronic GlaxoSmithKline shareholders

Further price surprises loom while fossil fuel groups are set to endure for decades

A much wider definition of national security would be politically intoxicating

Multitude of offers to borrowers reflects the desperate state of the mortgage sector

The risk for the industry is that car ownership is losing its appeal for young urban residents

Prosecution case centred on climate change tax requires willing suspension of disbelief

Challenges facing the peer-to-peer lender also reveal UK obsession with property

Defensive tie-ups such as this one do not deal with basic issues of businesses under threat

Merger of Standard Life and Aberdeen Asset Management has not been a winner for shareholders

Add defaults to soaring oil and ECB tightening, and you have the makings of a crash

Anglo-Dutch company’s board is fortunate to have avoided official defeat

When preparing for Brexit, follow the lead of Next chief Wolfson