Credit crisis diary: Lambert puts hisfoot in his mouth

Much mirth at the Treasury Select Committee hearings yesterday where Richard Lambert decided to lambast financiers who claimed to be able to "make gold out of stone or whatever it is... er... alchemy". "That's a bit unfortunate," pointed out the MP Sally Keeble. The CBI chief was sitting next to Jon Moulton, über-financier at Alchemy Partners.

Curse of Davos strikes

One man who won't be appearing at Davos next month, as billed in the World Economic Forum preliminary programme, to lecture on "Innovation: the view from Asia", is B Ramalinga Raju, founder of Satyam, who is currently languishing in an Indian jail on fraud charges. A great shame. At the WEF Delhi conference in November, Mr Raju offered this pearl: "The manner in which value is created is different to the old ways." Not so different, as it turns out.

Come on guys, it's for charity

The International Financial Review's annual awards provide the perfect chart of the financial crisis. Three years ago, Goldman Sachs gave £600,000 in the charity auction held at each awards bash. Last year, the donation was down to £250,000. And at this year's do, held on Monday night, all Goldman could manage was a paltry £10,000.

The perfect woman for the job

Who better than Barbara Ridpath to head the International Centre for Financial Regulation, an august new body launched yesterday as theUK seeks to influence the debate about regulation in a post-credit crunch world. Ms Ridpath waspreviously head of ratings services for Europe at Standard & Poor's,one of the organisations that did such sterling work warning us all about the risks taken by the banking sector. Oh, hang on, that's not quite right.

Save your kisses

Heard this one? Two women are walking through the forest whena frog appeals to them. "Help me, ladies, I'm an investment banker who, through an evil witch's curse, has been transformed into a frog. If you kiss me, I'll be returned to my former state." The first womangrabs the frog, and stuffs it insideher handbag. The second woman, aghast, screams: "What are you doing, didn't you hear him?" The second woman replies: "Sure,but these days a talking frog isworth more than an investment banker."

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
Life and Style
A monstrous idea? Body transplants might no longer be science fiction
Science An Italian neurosurgeon believes so - and it's not quite as implausible as it sounds, says Steve Connor
Sport
Demba Ba (right) celebrates after Besiktas win on penalties
footballThere was no happy return to the Ataturk Stadium, where the Reds famously won Champions League
Arts and Entertainment
Natural beauty: Aidan Turner stars in the new series of Poldark
arts + ents
News
Mia Freedman, editorial director of the Mamamia website, reads out a tweet she was sent.
arts + ents
News
people
Arts and Entertainment
The write stuff: masters of story-telling James Joyce, left, and Thomas Hardy
arts + ents...begging to differ, John Walsh can't even begin to number the ways
News
Image from a flyer at the CPAC event where Nigel Farage will be speaking
news
ebooks
ebooksA special investigation by Andy McSmith
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Telesales / Marketing Executive - B2B - OTE £25,000

£17000 - £25000 per annum: Recruitment Genius: An opportunity to join this new...

SThree: Trainee Recruitment Consultant

£18000 - £21000 per annum + OTE £45,000: SThree: SThree Group have been well e...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...

Recruitment Genius: Business Control Manager

£36000 - £44000 per annum: Recruitment Genius: Encouraging more businesses to ...

Day In a Page

HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?
How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

Time to play God

Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

MacGyver returns, but with a difference

Handyman hero of classic 1980s TV series to be recast as a woman
Tunnel renaissance: Why cities are hiding roads down in the ground

Tunnel renaissance

Why cities are hiding roads underground
'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

Boys to men

The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
Crufts 2015: Should foreign dogs be allowed to compete?

Crufts 2015

Should foreign dogs be allowed to compete?
10 best projectors

How to make your home cinema more cinematic: 10 best projectors

Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

Manchester City vs Barcelona player ratings

Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

Monaco: the making of Wenger

Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

Chris Gayle: The West Indies' enigma

Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
In Ukraine a dark world of hybrid warfare and murky loyalties prevails

In Ukraine a dark world of hybrid warfare

This war in the shadows has been going on since the fall of Mr Yanukovych
'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

Homage or plagiarism?

'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
Broadchurch ends as damp squib not even David Tennant can revive

A damp squib not even David Tennant can revive

Broadchurch, Series 2 finale, review
A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

Inside the mansion of Germany's 'Bishop of Bling'

A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower