The contrasting fortunes of two major banks were demonstrated on Wednesday when London-based Standard Chartered reported its 10th successive year of record first-half profits while Société Générale of France suffered a more than 40% drop in its profitability.
'A few years ago, no one in the investment-banking industry would dare cut compensation as they’d lose their talent'.
It's tough out there.
The US Federal Reserve signalled on Wednesday that it is increasingly worried about America's fragile economic recovery – but once more stopped short of taking direct action.
The prime minister of Finland has called for European leaders to end the "panic mentality" in the financial markets that has driven Spain and Italy's borrowing costs to record highs in recent weeks.
In the nineties when a then-unknown artist called Damien decided to saw a shark in half, preserve it in formaldehyde, and display it as art, it was controversial, to say the least. Twenty years on and the now filthy rich, Mr Hirst offers up his art – this time a chicken riding on top of a cow – for the more conventional purpose of helping to market a restaurant.
Do Arsenal risk losing a fee and hope the striker can help the team qualify for the Champions League?
A round-up of news and gossip relating to Chelsea over the past 24 hours.
A round-up of news and gossip relating to Manchester United over the past 24 hours.
A look at everything and anything happening at Arsenal FC in the past 24 hours.