Enjoy Finance

Bond manager approaches big banks in the hope of hiring some of the casualties of the credit crunch

The confrontation between the trustees of the EMI pension scheme and Terra Firma, the company’s new owner, breaks new ground for the Pensions Regulator. This week, it emerged that the trustees and EMI had reached an impasse in their discussions on funding

The European Commission has approved government aid given to Germany’s WestLB, one of a number of banks hit by the current financial turmoil

Life assurer tells MPs it used £1.6bn of life fund surplus to pay the cost of compensating policyholders who had been mis-sold pensions

Och-Ziff, the hedge fund manager that went public in 2007, made a net profit of $50m in the first quarter on the strength of a 30 per cent rise in assets under management

The number of first-time buyers in London has fallen to an all-time low

The insurance and fund management group said it had restructured one of its global liquidity funds because of the deterioration in liquidity conditions

Investors are eager to buy into banks whose shares were hit by the crunch

A federal court has frozen the assets of a hedge fund manager claiming to manage $7bn of assets

We do not yet know how losses in junk bonds will stack up against those in investment-grade securities. What we do know is that investment-grade securities have once again proved vulnerable to loss, writes John Gapper