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| Creditor banks of the struggling Spanish property company, plan to take a 54% stake in the group in exchange for debts owed to them, according to the Sanahuja family that controls the group |
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| Rate of deals collapsing has increased since September. Announced M&A activity is down 27%in the year to date compared with 2007, and the quarterly rate of withdrawn deals has hit a two-year high |
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| Lender facing legal challenge over a multi-billion dollar promise to modify home loans for 400,000 borrowers. Greenwich Financial Services wants to force it to buy back about $80bn of mortgages at face value |
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| Shares fall 43% after group say it is in talks with HBOS, Lloyds TSB, HSBC and RBS, that would leave the lenders owning a majority stake in the beleaguered fund manager |
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| Paul Tudor Jones, who shot to fame and made a fortune when he predicted the 1987 stock market crash, suspended withdrawals from his $10bn flagship hedge fund and plans to split out toxic assets into a new fund with lower fees |
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| Sale of business to Citi will allow Spanish group to cut total group debt to ?12.5bn but it still needs to resolve the loss of equity in its 20% holding in Repsol oil group |
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| The Scottish fund manager outperformed a struggling fund management sector by reporting slightly higher profits before exceptionals of £95.1m, up from £94.3m last year |
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| London Scottish Bank has gone into administration after failing to secure a takeover or otherwise make up a shortfall in its capital ratio for nearly a year |
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| US private equity group due to unveil a $100m investment in Mengniu Modern Farm, a mid-sized domestic producer based in Anhui province, eastern China |
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| AIG Group has sold its Swiss-based private bank to an investor group from Abu Dhabi, its first significant disposal since it was taken over by the US government in a massive bail-out |
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| Ernst & Young appointed after the bank failed to make up a shortfall in its capital ratios or secure a takeover |
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| Germany lashed out at the European Commission for delaying approval of a ?8.2bn government capital injection into Commerzbank, Germany's second biggest commercial bank |
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| British community development finance institutions, which seek to generate social as well as financial returns, see a surge in loan applications from small businesses turned away by high street banks |
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| The Baltic country is seeking international aid to fund its rescue of Parex Bank, the largest independent institution in the region, which the government took over after the lender suffered a liquidity crisis |
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| UK's largest bank is cutting 500 employees after a review of business and 'current economic conditions'. Switzerland's second-biggest bank is axing about 650 amid credit writedowns |
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Equipment Leasing
