Taxman plans to call in City law firms

HM Revenue and Customs say it will pursue a zero-tolerance strategy against individuals and companies who avoid tax

Plan to split Lehman as sale stalls

The split would echo measures taken by a number of US financial institutions in the wake of the savings and loans crisis

'The biggest mistake is over-managing'

David Reid Scott, of Hawkpoint, has had a colourful journey on the way to restoring his Irish country estate

Why sterling is getting a real pounding

Sterling has taken a severe beating recently as investors and speculators dump pounds in preference for dollars and euros

Government money has been 'flushed away'

The TaxPayers' Alliance thinks the Government has flushed away £15 billion of public money in nine years and achieved nothing

FTSE 100 sent spiralling towards 5,000

The benchmark index finished its worst week in more than six years with a further 2 per cent slump after a day of gloom

Fannie Mae and Freddie Mac 'bailout near'

US Treasury close to finalising a plan that could involve a cash injection of billions of dollars into the two mortgage giants

Misery for traders as world economies plummet

Euro and sterling fall heavily, estate agents predict slow housing recovery and US unemployment figures shoot to five-year high

Misery for traders as world economies plummet

Euro and sterling fell heavily, estate agents predicted slow housing recovery and US unemployment figures shot to five-year high

Age cannot wither them: Leo Lewis on Asia

Old age, overdue retirements and a dawning sense of crisis could turn Japan into the world's greatest buyout opportunity

US jobless near five-year high

Unemployment rose to 6.1% after companies cut 84,000 jobs last month, sending US stocks tumbling for a second day

Dow hit by 'financial tsunami' warning

Share index down 344 points after fund manager's warning comes on the back of poor retail results and rising unemployment

Lloyd's boss Levene attacks tax 'dithering'

Treasury urged to sharpen up corporate tax regime now or risk seeing a flood of companies depart to lower-cost locations

The European Central Bank is right to get tough

Jean-Claude Trichet is right to demand more collateral from credit crunch-hit banks as they go in search of short-term cash

Richards steps down as chief of RAB Capital

Hedge fund manager is beset by a profit warning, sliding share price and ill-fated investments, including Northern Rock

UN forecaster says global slump poses risks for UK

Heiner Flassbeck said that Britain faces an 'enormous risk' from a slump in global economic growth to below 2 per cent

Bennett starts 16-year jail sentence for Refco fraud

The commodity broker’s former chief executive pleaded guilty to criminal charges over a scheme to hide its financial problems