Tech investor hits at London stance

Neil Rimer, co-founder of Index Ventures, says the City’s financial advisers and institutions discourage local companies from listing in the UK

Spain finalises bank recapitalisation plan

Madrid prepares to force banks to set aside more than €30bn to recapitalise lenders as they struggle with problematic property loans

Portware snaps up Pipeline tech assets

Brokers may find their performance measured after Portware bought some of the technology assets from the former Pipeline Trading

Commerzbank loses banker bonus case

The German bank loses a case against more than 100 investment bankers which will force them to pay out €50m in lost bonuses

Treasury to let Ally arm go bankrupt

The lender majority-owned by the US government wants to shed its mortgage subsidiary Residential Capital in the hope that it can abandon its liabilities

US gains on AIG stake could reach $15bn

The forecast provides another bright spot for a bailout programme which the Obama administration has sought to trumpet for its apparent successes

M Stanley reassesses downgrade impact

The bank has dramatically increased its estimate of the amount of additional collateral it would have to post to its derivatives trading partners if rating agencies lower its credit ratings

Britain to bolster investors’ say on pay

Vince Cable, business secretary, is to announce plans for executive pay curbs in a wide-ranging Enterprise Bill

Buffett urges patience on share price

Berkshire Hathaway chairman insists he wants stock to rise after facing questions about group’s lowly valuation at annual investor meeting

UK law firms to continue Asia expansion

Study shows that Singapore, which will allow foreign firms to take up to a 33% stake in local firms by June, will be the strongest market this year

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