Industry News Financial Times - Financial Services Financial Times - Financial Services Nokia Siemens seeks private equity boost Blackstone and TPG are among those in talks with NSN, the joint venture, about investing $1bn for a minority stake in the mobile infrastructure company The banking resurgence that could yet lead to a fall Banks have regained their pricing power, yet storm clouds loom in the shape of a multitude of regulatory probes that could cut them down to size, writes Mark Kleinman Auditors' role in crisis under scrutiny The Financial Reporting Council will look into the lessons learnt from the credit crisis with the launch of a new inquiry into the audit and accounting profession's work with non-financial companies BP move forces trusts to reduce returns Investment trusts are being forced to cut pay-outs or dip into their reserves to fill the hole left by the suspension of BP's dividend Wyly brothers charged over 'undisclosed $550m' US regulators charged Samuel and Charles Wyly, two billionaire brothers whose interests range from software to restaurants, with reaping more than $550m in undisclosed gains by trading shares in companies on whose boards they sat Fed reports paper profit on Bear and AIG bail-outs The US public's hope of getting repaid for the bail-outs of Bear Stearns and AIG in the financial crisis increased on Thursday after the Federal Reserve reported a paper profit for the first time on all the holdings of securities bought from the companies Oaktree in bid to counter Almatis restructuring The US buy-out fund is readying a counter-proposal for a restructuring of the German alumina business, in a last ditch attempt to wrest control from Dubai International Capital UK group buys Barcelona marina for ?30m-plus Salamanca said it aimed to increase the capacity of the marina to house more than 45 super yachts of more than 50 meters in length Sharp fall in lending to UK financial sector Bank lending to the industry is at its lowest for at least a year following a very sharp drop in June, data from the Bank of England show New thinking is key to opening door of Big Four The UK's House of Lords is the latest body to open an inquiry into the part that accountancy firms ? especially PwC, Ernst & Young, KPMG and Deloitte ? played in the financial crisis, says Rachel Sanderson Lloyds to retain stake in St James's Place The wealth management group, which reported strong growth in first-half figures to June 30, said Lloyds had committed to keeping a majority shareholding Virgin Money delays bank debut The financial services arm of Sir Richard Branson's Virgin Group has postponed its launch into mainstream banking, marking a setback to hopes for more retail banking competition Ex-GE Capital executives charged with fraud Dominick Carollo, Steven Goldberg and Peter Grimm are accused of conspiring to rig bids in the $2,800bn municipal bond market from 1999 to 2006 Buy-out groups in $850m HGI deal Goldman Sachs Capital Partners and Clayton, Dubilier & Rice will acquire the provider of mail-order medical products from the Chicago-based Jordan Company and the Harrington family Private equity rejects criticism by think-tank The Private Equity Council rebuffs claims from a London think-tank that it has produced disappointing average returns by presenting its own evidence that it has outperformed public markets