Industry

Tomorrow's Queen's Speech will see financial regulation put back in the hands of the Bank of England, leaked documents reveal.

Goldman Sachs and Morgan Stanley are believed to be among eight US banks facing an investigation into the rating of their mortgage products.

US authorities are investigating whether Morgan Stanley misled investors over mortgage derivatives, according to the Wall Street Journal.

Both former shadow chancellors George Osborne and Vince Cable have been given positions in the new coalition cabinet.

British factory production has surged ahead at a rate five times faster than expected in March as the weak pound helped revitalise Britain's export trade.

Gordon Brown is to step down as Prime Minister in September and will ask the party to "set in train" a leadership contest to replace him.

The headlines proclaim now the real work starts. After months of debate and ducking of the issues there is no hiding from hard decisions about cutting public spending and reducing the deficit.

GOSLING'S GROUSE

THE ALCHEMIST

Green entrepreneurs and asset managers are attracting interest from family offices and wealthy investors keen to explore a different type of engagement with ‘real assets'. Meanwhile, bond issuers are getting behind the market as well