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Bradford & Bingley shares crashed 16% to 42p yesterday, dropping further below the 55p-a-share price of its £400m rights issue, as the City speculated that the buy-to-let lender is worthless, The Telegraph reports.

Policy makers will be unable to 'fix' the inflation problem any time soon, according to Barclays Wealth.

The banking industry has attacked the Government's plan to pay out part of a depositor's savings within a week of a bank going bust, The Telegraph reports.

Launching a new company and new style products to boot is a tall order, but as Tactica chief executive John Ions and director Jonathan Cook tell David Burrows, having the backing of a big name investment bank behind you is a major advantage.

Plans by the equality minister Harriet Harman to allow firms to discriminate in favour of female candidates have been shunned by advisers, who described them as "patronising" and "old fashioned."

From this month's survey it was clear that for most advisers looking to switch from a commission-focused to a fee-based business model, the biggest concern was how to persuade their clients to accept the new way of working. We asked business consultant...

Dr Ghadir Abu Leil-Cooper, investment manager of the Baring Russia fund, explains that at times like this, investors need to stand back from the market noise and focus on the long-term growth prospects.

US-based Focus Financial Partners has unveiled plans to become the largest wealth management adviser company in the UK, as part of its ambition to create the first global network of independent wealth management firms.

Chris Palmer, manager of the Old Mutual Dynamic Bond fund, has predicted that fully-fledged companies with moderate growth goals will fare the best in the ongoing economic downturn.

European Union politicians are mulling using an obscure treaty article to curb financial speculation, in an attempt to force down oil and food prices and counter the influence of hedge funds, The Telegraph reports.