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Move comes as authorities face $9bn in legal claims over rescue of failed bank
Bank of China and ICBC in a group of four banks behind £190mn loan that matures end of April
...In one of the few publicly disclosed speeches given to the IIEB, European Central Bank vice-president Lucas Papademos began addressing the October 2006 IIEB meeting in Athens by quoting Adam Smith’s warning...
UBS chair and HSBC chief join Wall Street bankers in questioning US proposals to implement Basel III rules
Some of Metro’s bondholders are separately pursuing a proposal for a capital injection
...Additional reporting by Robert Smith This article has been updated to clarify the ownership of the Bombardier Global 7500 jet....
...Additional reporting by Akila Quinio, Stephen Morris, Robert Smith and Euan Healy...
...Additional reporting by Ian Smith and Cynthia O’Murchu in London...
Bankers contact lawyers over bond-linked rewards that were wiped out by UBS rescue
...German tuning company Klassen has been modifying both the Mercedes-Benz V-Class and Sprinter vans for more than two decades....
...“Morgan Stanley made a killing with the Smith Barney deal, and they have added to that with Solium, ETrade and Eaton Vance, giving them much more products to sell to their clients,” said Filippo Alloatti...
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
Investors return after write-off of $17bn of risky debt during Swiss banking deal
UK challenger bank announces £325mn capital raise and £600mn of debt refinancing
Investor interest in debt yielding about 9.6% comes after UBS received $36bn of demand last week
...Anne Boleyn (and later of William Waldorf Astor, who reimagined all the gardens here) is the eye-popping display of 80,000 narcissi, which have been boosted year on year with help from bulb supremo Johnny Walkers...
Australian insurer says Tokio Marine and Marsh McLennan should also be liable if legal case is lost
Group made proposal after bank suffered setback in effort to secure regulatory relief on mortgage business
...A signpost provides distances for walkers in three directions: Rhossili 4 miles, Port Eynon 3¼ miles, Pilton Green ¾ mile. The fourth direction is unmarked....
With prices plunging and yields at decade highs, these are the parts of the financial system that could come under strain
...Paul Smith cotton shirt, £250. Gianvito Rossi leather Harris loafers, £514....
...Simpson Thacher & Bartlett has hired Travers Smith’s Katie McMenamin as a partner in its fund finance practice, based in London....
...A portrait of the bewhiskered duke — later George V — stares down at us....
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