Barclays’ unexpectedly swift promotion of one of the world’s best-paid investment bankers coupled with the abrupt resignation of Stephen Green, HSBC executive chairman, has stoked the political row about whether Britain’s big banks should be broken up
Stephen Green is expected to announce he is standing down as chairman of HSBC to become trade minister, ending David Cameron’s long search to find a high-profile business figure to fill the role
Revival of concerns that stress tests in July understated lenders’ holdings of risky government debt
Hewlett-Packard has sued to block Mark Hurd, its former chief executive, from taking up a senior role at Oracle, adding a twist to a saga that has transfixed Silicon Valley
Private equity group trades verbal blows with US lender after mediation talks collapse, setting the stage for an acrimonious battle over who is to blame for the $6.1bn takeover of music group EMI
Vodafone has agreed to sell its entire stake to banks led by Goldman Sachs, Morgan Stanley and UBS, who will in turn sell the shares on to institutional investors
President Barack Obama to announce sweeping new plans to stimulate the US’s anaemic recovery, proposing businesses be able to write off all investments in their plants from now until the end of next year, a move that would amount to a $200bn tax cut for business
A wide-ranging overhaul of the rules governing equity markets, including tougher controls on high-frequency traders, is being weighed by the Securities and Exchange Commission in the wake of the May 6 “flash crash”, the agency’s head said
Martin Sullivan, who was ousted as AIG chief executive just three months before the world’s largest insurer was rescued by the US government, has returned to the industry with a leading executive role at Willis Group
Vendors urged to demand much more to increase their farming productivity and peoples’ livehoods