Britain’s biggest banks may avoid being split up along ‘crude’ lines, despite fears about their combination of investment and retail banking, Vince Cable, business secretary, concedes

President Barack Obama will take Republicans to task over their economic values as he promotes an $180bn package of proposals to stimulate the anaemic US economy

Blow to Goldman’s efforts to put the high-profile fraud case behind it following the bank’s settlement with the US Securities and Exchange Commission probe in July for $550m

BP’s internal inquiry into the causes of the disastrous oil spill in the Gulf of Mexico provoked an immediate backlash from its contractors on the rig and US politicians who dismissed it as “not BP’s mea culpa”

Global market overveiw: Stocks are rebounding following a burst of fears for Europe’s banking sector and sovereign debt difficulties, but gains have been limited as the Federal Reserve continues to see weakening throughout the US economy

A High Court decision to tax Vodafone for the 2007 acquisition of Hutchison Essar could hurt cross-border dealmaking in India

Worldwide condemnation has intensified of a Florida priest’s plan to burn copies of the Koran, even as Afghanistan steels itself for a potentially violent backlash

Investor says the world’s third-biggest hedge fund manager’s bullish bets on banks and the US housing market and economy generated losses of 9.13 per cent in August for its Recovery fund

The Irish government is to wind down Anglo Irish Bank in a move Dublin hopes will calm market nerves at a time when the country’s cost of borrowing has reached new highs

CBRC comments contrast with financial sector’s own bullish outlook presented in recent days