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Times Online December 16, 2008

BUSINESS BULLETIN

Dear Reader

Visit Times Online today for dynamic business news and views, market charts and sector analysis, plus your chance to comment.

Also you can now download our series of free podcasts exploring the business ideas that are changing the world at www.timesonline.co.uk/businessideas

Today's top stories

IMF head warns of violent unrest

Dominique Strauss-Kahn sounds a stark warning over the consequences of a failure of governments to jump-start stalled economies

50,000 jobs at risk in break-up of Royal Mail

Report to recommend part-privatisation to ministers that would mean 71 mail centres closing across UK

British banks lose billions in Madoff fraud

The Royal Bank of Scotland and HSBC warn of huge losses over financier Bernard Madoff's simple fraud

SFO pleads workers to turn whistleblower

The Serious Fraud Office has posted a form on its website allowing workers in financial services to report bad practices
OTHER HEADLINES
Analysis chevrons

Warning signals were ignored

The least surprising aspect of the Madoff case is that one of the potential casualties is our own Royal Bank of Scotland
Markets chevrons

Tempus: ABF ... Inchcape ... Wichford

Acquisition hits a sweet spot for ABF ... Inchcape likely to breach banking covenants ... Wichford may have to raise fresh equity

Pound falls ... Toyota suspension ... Wichford loss

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