Group of US banks taps investors for $6bn

Author: By Stephen Foley in New York Three banks which had been given a clean bill of health by the Treasury department, and were therefore not requir…

Stephen Foley: Tsar uses power over pay

I have been struggling to get comfortable with Mr Feinberg’s order to zero out the 2009 pay of Ken Lewis, the humiliated and soon-to-depart boss…

Bank of America slumps to $1bn loss

Author: Reuters The results underlined how the nation’s largest bank, which has received two taxpayer bailouts totaling $45bn, remains on a gove…

Cadbury halts speculation over takeover stance

Author: By James Moore In a statement to the stock exchange the chocolate maker said: ?For the avoidance of doubt Mr Stitzer does not believe that Kra…

Tesco and Diageo attacked for ads on ‘divisive’ show

Author: By James Moore, Deputy Business Editor Beck has sparked controversy in the US by accusing Barack Obama of racism and claiming that the Preside…

London Olympics has domino effect with three years to go …

Author: By Jerome Taylor Which might explain why 600 volunteers gathered in east London yesterday to build painstakingly ? and then topple ? an enormo…

Wells Fargo Investor Relations: Wells Fargo boosts profits by 47 percent

New York – The U.S. bank Wells Fargo has their profits in the second quarter by 47 percent to 2.58 billion U.S. dollars increased. The bank is r…

Who will win the battle for the soul of the US Federal Reserve?

Leading the charge, in his 19th-century pith helmet, is the unlikely figure of Ron Paul, the libertarian congressman who, for a generation, has been k…

Stephen Foley: Why CIT should not be bailed out

The day that Citigroup and Bank of America, which received tens of billions of dollars in bailout money and hundreds of billions more in government gu…

Paulson reveals US concerns of breakdown in law and order

Author: By Stephen Foley in New York Making his first appearance on Capitol Hill since leaving office, the former Treasury secretary Hank Paulson said…