| Cross takes a KNOC but he's still standing That Kang Young-Won is a patient sort of fellow. The chief executive of the state-owned Korean National Oil Corporation (KNOC) could have had his dawn raid days ago - rather than wait until sunrise yesterday to siphon off 29.5pc of Dana Petroleum. telegraph.co.uk |
UK mortgage lending slides to 10-year low UK mortgage lending falls further, reinforcing fears that the recovery in the housing market is fading. telegraph.co.uk |
Countrywide CEO Mozilo settles with SEC for $67.5M By JACOB ADELMAN 2010-10-16T04:43:03ZLOS ANGELES (AP) -- Countrywide Financial Corp. co-founder Angelo Mozilo has agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges that alleged he profited from doling out risky mortgages while misleading investors about the risks.... hosted.ap.org |
Family offices show a clan-do attitude to boosting finances One of the increasingly important - but less reported - developments in the City in recent years has been the rise of the family office. telegraph.co.uk |
Morgan Stanley hit by $91m loss US investment bank Morgan Stanley reported a surprise third-quarter loss after taking a $229m (£144m) write-down on a casino project and its worst quarter of trading for two years. telegraph.co.uk |