Financial Times FT.com

Competition dilemma

In this brave new world of state capitalism, the government will have to create the illusion of competition between banks where it is the largest shareholder

Beyond Tarp

Rallying markets in Europe ensured a favourable reception for the latest US instalment of the troubled asset relief programme. In reality, though, the update offered little in the way of inspiration

UK bank bail-out

The “first financial crisis of the global age”, as Gordon Brown labelled it, has met with a distinctly mid-20th century response

• In depth: UK banks

Recession winners

Which companies are gaining as everyone else is losing?

Baugur/Philip Green

Banks are not the only essential fixtures of the British high street coming under new management

• Green deal to take control of Baugur

Fixed income woes

Fixed income markets are also suffering violent reverberations

Baseball blues

Both of New York’s beloved baseball teams had lagged peers in building revenue-boosting modern venues. Now they have splashed out. But the Yankees and the Mets are asking fans to cough up for their sport as the worst possible time.

Aching oligarchs

The oligarchs are hurting, but telling which tycoons are most squeezed is difficult