Banks and finance
FSA lambasted by MPs over handling of Dunfermline Building Society collapse
Chief financial regulator Financial Services Authority rejects MPs' criticism that it failed to adequately warn Scotland's biggest mutual.
Brit posts loss on foreign exchange hit
However Lloyd's insurer says hit was a "nonmonetary" charge required under accounting rules. ...
Citigroup sells Nikko stake to Sumitomo for £482m
Sale part of banking conglomerate's wider plan to dispose off noncore assets. ...
MPs take FSA to task over Dunfermline
City regulator failed to warn about risks in the mutual and did not provide adequater supervision claims parliamentary committee. ...
New York Stock Exchange incurs loss on clearing move
NYSE's parent swings into the red in the second quarter after stumping up cash for the creation of its new Londonbased derivatives clearing ...
Hank Paulson joins Coda electric carmaker
Former US Treasury Secretary takes his first tentative steps back in to the world of business. ...
IMF delays Iceland payment
Political row over compensation for Icesave customers as opposition and resentment grows in Iceland to the terms of a loan from Britain. ...
Hermitage points to RenCap in fraud case
Hedge fund battling state corruption accuses top Russian bank Renaissance Capital of involvement in tax rebate scam. ...
Financial system still a mess say MPs
Nearly two years on from the collapse of Northern Rock financial regulation in Britain "remains in a muddle" according to a damning report. ...
Wall Street banks on state aid pay out million dollar bonuses
Wall Street banks Citigroup and Merrill Lynch paid 1400 staff bonuses of 1m or more each despite being kept afloat by US government ...
