The fund of funds industry is under scrutiny as investors turn wary and managers seek to overhaul a defunct business model

IMF chief says leaders need to tackle crisis with resumption of bond buying by the ECB and the pumping of bailout money directly into teetering banks

The Russian tycoon is keen to explain that he has protected the balance sheets of his aluminium-to-cars-to-construction empire

Announcement is the culmination of a four-month review, and an even longer period of contemplation of what it means to be a large trading-oriented bank

Franco-Dutch airline warns it could resort to compulsory redundancies amid €2bn cost-cutting programme if no agreement is reached with unions

Fifteen of the world's biggest lenders were downgraded by Moody's, adding to pressure on their borrowing costs and questions over their business model

Swiss bank fails to comply with law aimed at preventing financial firms from being used to launder money and finance terrorism

Moves comes after Ryanair, Europe's largest budget airline by revenues, launched its third offer for the Irish flag carrier in six years

Store closures likely over next four years as writedowns on businesses in southern Europe drag UK electrical retailer down to £119m annual loss

Greek business leaders say they can no longer obtain the most basic credit – and to make matter worse, the government has stopped paying its bills