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Investors in Norwich Union's unit-linked property fund may have to wait up to six months to get access to their money, as tough market conditions force the group to temporarily defer settlements.

Nearly 100,000 Standard Life investors have been told that a cash fund which many regarded as an ultra-safe alternative to the stockmarket was in reality invested in toxic mortgage debt that has plummeted in value, according to The Guardian .

Britain's business leaders criticised the government's latest rescue mission and warned that ministers are still failing to understand the depth of the country's financial problems, according to The Telegraph .

The mystery surrounding Bernard Madoff's $50bn Ponzi scheme deepened further last night as it emerged there was no evidence the alleged fraudster traded a single share on behalf of his clients, reports The Guardian .

A package of radical measures to get British banks lending more is due to be hammered out at the weekend in an attempt to prevent the recession souring into an even more serious downturn, The Times reports.

Sir Philip Hampton, the City grandee who chairs the J Sainsbury supermarkets chain, is being lined up to become the new chairman of the crisis-hit Royal Bank of Scotland (RBS), The Telegraph reveals.

Citigroup chief executive Vikram Pandit is preparing to break-up the banking conglomerate, separating its assets into essentially a separate "good" and "bad" bank in a startling reversal of the bank's decade-old strategy as a universal bank, according...

His move to investment boutique PSigma Asset Management re-united managing director Ian Chimes with a successful fund management team

The recession is now of a scale that dwarfs the early 1990s and could leave Britain's economy permanently scarred as dynamic private companies abandon the UK, a leading business lobby has warned, reports The Telegraph .

Fidelity's managing director of multi-manager Simon Ellis will leave the firm at the end of January.