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'It's the best video game ever. I love this job'
Ship's officer
Future of fund manager hangs in balance
The future of New Star Asset Management, the £14bn unit trust group run by the maverick entrepreneur John Duffield, was hanging in the balance last night as it remained locked in talks with its bankers over its £240m debt burden
A late calling to account
A rare silver lining in this recession is that a veil of mystery is being lifted from the longstanding lending practices of British banks.
The week in money
The fall out from the pre-budget report occupied most of the money pages over the past week as numbers were crunched and tax experts tried to establish who were the winners and losers …
RBS on its own won't make a difference
Stephen Hester, the new chief executive of Royal Bank of Scotland, has done the right thing.
New Star in urgent negotiations with bankers
New Star, John Duffield's asset management group, is fighting for its survival after entering urgent negotiations with its bankers.
Mortgage approvals back at record low
The number of mortgages approved for house purchases fell back to a record low in October, despite a fall in interest rates at the start of the month, figures showed today.
Charities lose faith and hope as funding crisis leaves them with £2.3bn black hole
Charities are facing a multi-billion pound black hole in their finances as companies withdraw sponsorship and individuals cancel standing orders as the economic downturn bites, according to an authoritative study published today.
Charities face a market correction
How bad is the recession for the voluntary sector? Each charity will be affected in its own way, and some will be more resilient than others.
British pile debt up to £1.5tn
British consumers are borrowing their way out of the credit crunch while on the continent they are switching to saving, according to a report yesterday by accountants PricewaterhouseCoopers.