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UK Chancellor Alistair Darling has used today's pre-Budget report to attack offshore banks in the Isle of Man and Channel Islands, saying they "attract people with low tax rates and do not contribute to the Exchequer".

UK Chancellor Alistair Darling has used today's pre-Budget report to attack offshore banks in the Isle of Man and Channel Islands, saying they "attract people with low tax rates and do not contribute to the Exchequer".

UBS Global Asset Management has joined forces with MerchantBridge, a direct investment and private equity firm with a Middle East focus, to form MerchantBridge-UBS Private Equity.

Standard Chartered, a leading lender in emerging markets, is seeking to raise £1.78 billion through a rights issue in a bid to bolster its balance sheet as its core markets in Asia, Africa and the Middle East begin to feel the effects of the global downturn,...

The International Monetary Fund (IMF) has approved a two-year $2.1bn stand-by arrangement for Iceland to bolster the country's efforts to restore confidence and stabilise the economy.

COVER reporter Pete Carvill comments on Skandia's resignation from the Association of British Insurers (ABI).

Royal Skandia International, Friends Provident International and Standard Life International have added the EEA Life Settlements fund to their approved lists.

Executives at Citigroup, faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant or even selling the company outright, according to people familiar with the matter, The Wall Street Journal reports....

HM Revenue & Customs has confirmed the launch of a second offshore campaign in 2009 designed to collect unpaid tax in offshore accounts, according to the BBC.

Banco Santander has snubbed 1.8 million small shareholders in Britain, excluding them from taking part in its €7.2 billion (£6 billion) capital-raising, The Times says.