Britain's gross domestic product is expected to have expanded 0.4% in the first quarter of 2010, according to a survey of City economists.
The Securities and Exchange Commission (SEC)'s charges against Goldman Sachs lend impetus to the call for tighter banking regulation, says Cazenove's Paul Harvey.
The G20 group of rich and poor countries is likely to make rapid progress on a radical IMF plan to tax the world's financial institutions in the hope of reaching a deal by the end of the year, the chancellor, Alistair Darling, said today.
Hedge fund Paulson & Co has been forced on the defensive over the firm's role in the Goldman Sachs fraud dispute.
Fabrice Tourre - the bond trader at the heart of Goldman Sachs' fraud case - was on Tuesday barred from working in the City of London in the first 'victory' for financial regulators on both sides of the Atlantic.
American investment bank Goldman Sachs has posted better than expected first quarter profits of $3.46bn (£2.25bn), almost double what it made in the first quarter of last year.
Lawyers in the United States were predicting a wave of legal action last night in the wake of the $1bn fraud charge brought against Goldman Sachs by the US Securities and Exchange Commission.
The value of Warren Buffett's options to buy Goldman Sachs shares fell by over $1bn after the SEC sued the investment banking giant on Friday.
Prime Minister Gordon Brown wants the FSA to probe Goldman Sachs after the SEC announced it was suing the company for sub-prime related fraud.
Goldman Sachs was today accused of fraud by a US financial watchdog over the make-up and marketing of a debt product tied to sub-prime mortgages.