Enjoy Finance

Merrill Lynch has been accused by a Massachusetts regulator of fraudulently selling auction-rate securities and misleading investors about the market

Prudential has insisted its Asian growth remained on track in spite of a lower-than-expected advance in Asian sales in the first half of this year

HBOS is to consider disposals or winding down businesses as it gave a gloomy assessment of the UK economy, predicting house prices would fall by 15-20 per cent over the next two years

Indonesia’s stock market regulator has ruled out a waiver for Maybank from takeover rules that threaten to scupper the Malaysian lender’s $2.7bn bid for Bank Internasional Indonesia

American car buyers’ stampede from gas-guzzling SUVs has taken a heavy toll on GMAC, the financial services group owned by Cerberus Capital Management and General Motors

In its rush to be seen to ‘do something’, the European Commission has thrown its own rule book out of the window, writes Stuart Fraser

The world’s two largest credit card networks are so far resisting the effects of the US economic downturn by focusing on overseas business and a growing preference for credit and debit cards over cash and cheques

GFI Group and Tullett Prebon are in talks about a combination of the two businesses to create the world’s second-largest inter-dealer broker by revenues, the two firms said on Thursday

Writedowns from Deutsche Bank climbed to €5bn ($7.8bn) this year as Germany’s largest bank revealed sharply lower second-quarter profits

National Australia Bank named Cameron Clyne as new chief executive days after the lender warned of fresh provisions of A$830m against its subprime exposure