Co-op forced to consider hedge fund plan

Two US hedge funds have forced the Co-operative Bank to set up an independent committee to review the American investors' plan to turn the 140-year-old mutually owned bank into a listed company.

Hedge funds reap rewards from bet on Lehman Europe carcass

LONDON: Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm.

Cyprus crisis to deepen Greek recession: Business leader

ATHENS: The Cyprus crisis could tip Greece into an even deeper recession this year, the head of Greece's biggest business group said on Wednesday, urging a growth-boosting rethink of the country's bailout programme.