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Euromoney: What was the reasoning behind the latest reorganization?

Fortress’s first-quarter earnings sparked some concern among market participants but chief executive and chairman Wesley Edens says the worst is now over.

Korea’s new government, led by president Lee Myung-bak, is committed to free market economics and business-friendly policies, according to the country’s top economic policymaker.

The market has discovered that it’s not just about platform technology.

Falling corporate cash levels show the credit crunch is starting to bite.

A commodity boom masks fundamental problems in the Brazilian economy, observers argue.

The London Stock Exchange is launching a service to provide research coverage for the small-cap stocks listed on its main market and on junior market AIM.

"I don’t think it’s a Great Depression, I don’t think it’s Armageddon but I think that it’s purely wishful thinking for people to be forecasting a sharp V-shaped recovery in the second half of the year"

If you don’t know what to buy friends who invested in Bear Stearns to cheer them up, look no further than eBay. For just $17.99 the bidding website is offering a T-shirt with the slogan: "I invested my life savings with Bear Stearns and all I have left is this lousy t-shirt." The item had received no bids by time we went to press but other interesting Bear Stearns memorabilia was faring better. Among the 24 Bear Stearns-related items up for grabs on the website is a Bear Stearns hard hat, a Bear Stearns aviator Teddy Bear, and a sealed deck of cards issued to Bear Stearns employees to mark the 50th anniversary of Ace Greenberg’s joining the firm.

HBOS deserves the gratitude of its rivals for its attempt at a UK RMBS benchmark, but it may prove futile in the short term.

Japan’s top companies are increasing dividend payments to shareholders and buying back stock in record amounts, according to new research from Nikko Asset Management.

Despite conflicting views on the state of the economy and uncertainty caused by political unrest, banks are riding high on mortgage lending and consumer loans. There is still huge untapped potential for credit cards. High interest rates remain the fly in the ointment, however. Julian Marshall reports.