The German lender launches second appeal and says that no binding contractual commitment was made to the former Dresdner Kleinwort bankers

Created to clean up the savings banks, Bankia has imperilled Madrid's finances and driven it to seek a bailout. By Victor Mallet and Miles Johnson

Shares in insurance companies rallied at prospect that life insurers may be allowed to adopt capital requirements for existing policies over as long as seven years

Strategy will be discussed at a Corsica meeting this weekend, which brings together the board and division heads for key discussions

Goldman Sachs, Templeton and BlackRock plan to invest minimum of $100m in Russian companies that make at least $500m in annual revenues

Quake-damaged region struggles to keep its economy afloat as citizens make do in tents and improvised offices while long-term debts remain unpaid

The private equity group plans to inject €15m of cash into the directory company and swap its debts for a 90% stake in the business

After other countries' moratoriums on fracking ExxonMobil's withdrawal from development in Poland means the threat to the energy exports Gazprom has eased

Data over the past 15 years could change regulators' assessment of the Swiss pharmaceutical group's medicines and lead to withdrawal of drugs from the market

UK's largest mobile group's cash generation underscored as joint owners France Telecom and Deutsche Telekom are earmarked for dividend of £125m each