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Ford Motor's punchy global ambitions are not as worrying as they look. The Motor City automaker expects to sell eight million vehicles a year by the middle of the decade, [...]

Another breakup wave is hastening the end for some conglomerates. Motorola, Fortune Brands and possibly Sara Lee are doing the splits. Now the ITT Corporation, an offshoot of a three-way [...]

General Financial Citigroup has lost one of its most senior investment bankers in Europe after Christopher Williams quit to join Credit Suisse. Mr Williams, global co-head of Citigroup's financial institutions [...]

Splitting functions could be damaging Battlelines drawn with Conservatives Alistair Darling yesterday joined forces with City grandees to mount a staunch defence of Britain's global 'super-banks', amid warnings that an [...]

Sir Richard Branson's Virgin Money has revived its interest in a potential purchase of the healthiest parts of Northern Rock, the mortgage lender it tried to buy last year before [...]

Citigroup's crisis intensified yesterday as its shares dipped below $1 amid growing investor concerns over the US government's decision to bail out the troubled bank by taking a stake of [...]

BANKS Citigroup's crisis intensified yesterday as its shares dipped below $1 amid growing investor concerns over the US government's decision to bail out the troubled bank by taking a stake [...]

BANKS Market value drops to just $5.6bn Bank chief calls for insurance scheme Citigroup's crisis intensified yesterday as its shares dipped below $1 amid growing investor concerns over the US [...]

banks News analysis The capital-raising underscores bank's relative strength but challenges lie in wait, writes Peter Thal Larsen HSBC has long been one of the world's most strongly capitalised banks, [...]

BANKS One of the City's oldest and most exclusive private banks has recruited a new chief executive from outside its family ranks as it attempts to take advantage of the [...]

US bail-outs The bail-outs of Citigroup and Bank of America could distort the market if the US companies succumb to political pressure when deciding on loans, a senior executive at [...]

US bail-outs The bail-outs of Citigroup and Bank of America could distort the market if the US lenders succumb to political pressure when making lending decisions, a senior executive at [...]

When governments in Europe and the US unveiled co-ordinated bail-outs of their banking industries last October, politicians and regulators rightly believed they had narrowly avoided a collapse of confidence of [...]

Concerns US groups will need more help Anglo Irish stock crash forces nationalisation Bank shares tumbled on both sides of the Atlantic yesterday amid intensifying fears Bank of America and [...]

News analysis The Citigroup approach has spawned plenty of imitators, writes Peter Thal Larsen When Citicorp and Travelers unveiled their ground-breaking merger a decade ago, the deal heralded a new [...]

US and European banking chiefs will converge today on Basel for a behind-the-scenes meeting with central bankers and regulators to discuss the post-crisis regulatory framework. The gathering, hosted by the [...]

US and European banking chiefs will converge today on Basel for a behind-the-scenes meeting with central bankers and regulators to discuss the post-crisis regulatory framework. The gathering, hosted by the [...]

GENERAL FINANCIAL News Analysis The group is now UK's largest listed fund manager, say Kate Burgess and Peter Thal Larsen Transforming the company that he founded 25 years earlier, Martin [...]

general financial News Analysis Group is now UK's largest listed fund manager, write Kate Burgess and Peter Thal Larsen Martin Gilbert, chief executive of Aberdeen Asset Management, bought the UK [...]

banks Deal worth an estimated [pounds sterling]200m Bank to keep high net worth arm Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss [...]

Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss bank agreed to sell the UK manager its traditional fund management business in a [...]

Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss bank agreed to sell its traditional fund management business in a share-based deal worth [...]

Banks News Analysis Turmoil has left bankers' attempts at predictions futile, write Peter Thal Larsen and Francesco Guerrera In calmer times, most bankers would happily offer a prediction when asked [...]

Group to axe 11% of staff in wake of losses Investment banking to suffer most reductions Credit Suisse yesterday said it had lost a net SFr3bn ($2.5bn) in the two [...]

Group to axe 11% of staff in wake of losses Investment banking to suffer most reductions Credit Suisse yesterday said it had lost a net SFr3bn ([pounds sterling]1.7bn) in the [...]

Credit Suisse yesterday said it had lost a net SFr3bn ([euro]1.9bn) in the two months to the end of November and would axe about 11 per cent of its workforce, [...]

News Analysis The new, reduced, banking model looks bleak, write Adrian Cox and Peter Thal Larsen Credit Suisse gave a clue yesterday about how the new investment banking landscape will [...]

News Analysis The government's plan taps into two approaches, write Peter Thal Larsen and Adrian Cox Ever since the Swiss state bailed out UBS last month, executives of the banking [...]

banks Ackermann aims to reduce leverage Move to restore record profitability Josef Ackermann, chief executive of Deutsche Bank, has sought to soothe fears over the bank's performance by telling senior [...]

BANKS No new mortgages will be supplied The vehicle that funded Northern Rock's ambitious expansion of mortgage lending has been cut loose by the state-run bank - a move that [...]

Chief buys stake in group for first time New holding of $9.5m should mute criticism Vikram Pandit has bought shares in Citigroup for the first time since becoming chief executive [...]

Directors deny report of move to oust Bischoff Dissidents wanted Time Warner chief Citigroup moved yesterday to quash a boardroom revolt after some directors unhappy at the company's performance considered [...]

Chief buys stake in group for first time New holding of $9.5m should mute criticism Vikram Pandit has bought shares in Citigroup for the first time since becoming chief executive [...]

BANKS News Analysis Bank denies plans to oust chairman, write Francesco Guerrera , Julie Macintosh and Peter Thal Larsen The hunt was on yesterday to identify the Citigroup directors who [...]

BRIEFING NOTES Citigroup analysts have offered companies a list of recommendations, writes Peter Thal Larsen The credit crisis has fundamentally reshaped the banking landscape. It seems inevitable that it will [...]

Benelux countries hope to unveil state rescue A state-sponsored rescue ofFortis was under way last night as ministers and central bankers in Belgium and the Netherlands scrambled to shore up [...]

Government ministers, regulators and central bankers in Belgium and the Netherlands were last night scrambling to agree a plan to restore confidence in -Fortis, the banking and insurance group. Following [...]

BANKS First big initiative from new chief Agreement with GMAC-RFC Bradford & Bingley last night struck a deal to avoid taking an additional [pounds sterling]1bn in mortgages on to its [...]

Cost of protecting defaults jumps Industry divided over turmoil When Chase Manhattan bought JPMorgan in the autumn of 2000, many thought the deal would trigger a series of mergers in [...]

Deutsche Bank outbid by Credit Mutuel US group in effort to shed non-core assets Citigroup is close to agreeing a sale of its German retail banking operations to Credit Mutuel [...]

BANKS Deutsche outbid by Credit Mutuel US group shedding non-core assets Citigroup is close to agreeing a sale of its German retail banking operations to Credit Mutuel for between [euro]3bn [...]

GENERAL FINANCIAL Shareholder anger at capital increase Board to discuss public reaction Jean-Paul Votron's future as chief executive of Fortis is in doubt as the board of the Belgo-Dutch financial [...]

News Analysis Peter Thal Larsen looks at the possible options for the bank as concern mounts of paper losses after the rights issue When some of Bradford & Bingley's largest [...]

Investors question its long-term value Lender's hopes for a quick sale recede Shares in Bradford & Bingley lurched downwards again yesterday as investors questioned the ailing mortgage lender's long-term value [...]

TPG Capital's decision to scrap its [pounds sterling]179m capital injection into Bradford & Bingley is likely to make life harder for the US buy-out group the next time it comes [...]

News Analysis The watchdog's salvage plan recalls Bank of England 'lifeboats' from the 1970s, write Peter Thal Larsen and Kate Burgess As the credit storm has swept through the City, [...]

[pounds sterling]179m injection of equity dropped Bank extends rights offer to plug gap The City rounded on TPG Capital yesterday for abandoning Bradford & Bingley and forcing its shareholders to [...]

Bradford & Bingley's largest shareholders last night stepped in to prop up the ailing mortgage lender's share issue after TPG Capital, the private equity group, withdrew its support for the [...]

Scramble to keep [pounds sterling]400m issue on track Moody's move gives TPG the right to exit Bradford & Bingley was last night scrambling to shore up its [pounds sterling]400m capital [...]