Goldman Sachs

The Public Accounts Committee has issued a damning report on the relationship between Her Majesty's Revenue and Customs (HMRC) and big business.

Barclays was among six global banking groups downgraded by Fitch last night, with the ratings agency citing the challenging financial markets.

Her Majesty's Revenue and Customs (HMRC) has begun disciplinary procedures against the whistleblower who spoke out over its alleged tax deal with Goldman Sachs.

JC Flowers, the American private equity firm, has set aside a £1.5bn "war chest" to buy mortgage books from British banks after failing to purchase Northern Rock.

Aviva is considering selling a chunk of the billions of pounds worth of UK pension assets it owns as it looks to boost the amount of capital it holds on its balance sheet, according to reports.

Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.

Royal Bank of Scotland is facing legal action over the collapse of MF Global after two pension funds accused the bank of making misleading statements about the broker's $6.3bn (£3.9bn) exposure to European sovereign debt.

Business protection is one of the largest untapped markets in desperate need of financial advice. Clare Harrop issues a call to arms

The FTSE 100 is 1.3% lower after slowing Chinese GDP data and a Moody's warning over France's AAA-rating weighed on sentiment.

A corrupt cop, dodgy tax collector and the bad guys will win from compulsory pensions; our round up of this morning's news from the nationals.