| UK Financial News |
| E&Y claims shake accounting fraternity |
| Criticisms levelled at Ernst & Young for its part in Lehman Brothers' bankruptcy has raised every accountant's nightmare – the spectre of Enron |
| Doubts grow over DFS auction |
| Buy-out groups are struggling to value the UK sofa retailer amid a lack of information and questions over the role of founder and chairman Lord Kirkham after the sale |
| RBS keen to offload buy-out fund stakes |
| Royal Bank of Scotland is in talks to sell a portfolio of investments in private equity funds thought to be worth a total of about £658m |
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| World Financial News |
| Copenhagen talks enter 'new phase' |
| Copenhagen climate conference enters a 'new phase' as ministers join in intensive negotiations to deliver an agreement by the end of the week, the president of the meeting says |
| Obama presses banks to boost lending |
| President Obama told the US's top bankers that they had a 'special responsibility' to help spur on the economic recovery after they received government bail-outs last year, urging them to increase lending to small businesses and mortgage refinancing |
| Darling defies threats on bonus tax |
| The chancellor has warned he will not water down his 50 per cent supertax on bonuses or offer special deals after brokers and banks threatened to move staff out of the UK |
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