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Stanley Fink to chair Ark hedge fund charity

Former chief executive of Man Group replaces Arki Busson, a co-founder who has run the charity for seven years

Darling warns banks of return to risk-taking

Chancellor cautions that the City is in danger of sliding back into the culture that sparked the banking crisis

A door shuts at Pru but more will open

For Prudential’s UK staff, the long march to greater efficiency that began under Nick Prettejohn is only set to continue

Prettejohn to leave Pru after missing top job

The head of the insurance giant's UK arm has left the group following Tidjane Thiam's appointment as chief executive

Walker to seek bank risk crackdown

Sir David Walker’s review of banks’ corporate governance is set to call for more power for risk committees

Freshfields hits top spot in legal fees league

Clifford Chance overtaken as crisis work helps Freshfields Bruckhaus Deringer become UK's top-grossing law firm

Tougher rules for private-equity bank bidders

Private equity firms buying US banks will be prevented from selling their investment for at least 3 years, under proposals by FDIC

US marshals seize Madoff $7m penthouse

Ruth Madoff, wife of the jailed fraudster, is forced to move after authorities take control of the Manhattan apartment

Pru UK boss quits after losing out on top job

Nick Prettejohn leaves the UK's second largest insurer after losing out to Tidjane Thiam for the chief executive role

Clifford Chance reveals slump in profits

London-based lawyers lose their spot as world’s biggest law firm by revenue as turnover slides 5% to £1.26bn

RBS chief tries to defuse concern over pay

Stephen Hester has agreed to a modest concession on his potential £9.7 million package after it provoked outrage

Standard Chartered elects to keep the Peace

Emerging markets bank is set to appoint John Peace, a City heavyweight known for his retailing background

US taxman's long arm must be resisted

If President Obama gets his way, US tax authorities will be informed whenever banks do business with American content

Bondholders threaten to veto Pearl flotation

A group of leading fund managers are threatening to veto flotation of Pearl Group, Hugh Osmond’s closed life funds investment vehicle

Madoff feeder forced to sell $310m art collection

New York Attorney General orders financier, who recommended clients invest with the jailed fraudster, to give up assets

Cattles axes seven for breakdown in controls

A number of other employees are also facing disciplinary action after inquiry into breakdown of internal controls

Banking on happy customers during a slowdown

Despite widespread anger over the economic crisis, the British public still seems pleased with service at the tills

RBS in firing line over pay deals

Lord Myners attacks bankers’ pay and says schemes based on share price performance led to excessive risk-taking

Union protests Lloyds plan to cut 2,100 staff

Lloyds Banking Group plans to cut a further 2,100 jobs are condemned as an “astonishing, systematic slashing of staff”

Bischoff set to lead Lloyds Banking Group

Veteran banker is new favourite to be handed the chairmanship of group created by merger of Lloyds and HBOS