Mitsubishi Corporation has bought a stake in Capula Investment Management, the $4bn London hedge fund, as the Japanese conglomerate expands in the US and UK

Citigroupand Wells Fargo agreed a truce until lunchtime on Wednesday in their bitter legal battle over the takeover of Wachovia, in an effort to gain more time to agree a deal to carve up the US's sixth-largest bank

Citigroup and Wells Fargo agreed a truce until lunchtime on Wednesday in their bitter legal battle over the takeover of Wachovia, in an effort to gain more time to agree a deal to carve up the US's sixth-largest bank

Richard Fuld, Lehman Brothers' former chief executive, tells members of Congress he had done all he could to save his company from collapse but was overwhelmed by a 'financial tsunami much bigger than any one firm or industry'

Citigroup and Wells Fargo, under pressure from the Federal Reserve, are close to announcing a truce in their bitter legal battle over the takeover of Wachovia.