Josef Ackermann, the chairman of Switzerland’s top-ranking Zurich Insurance Group and a former head of Deutsche Bank, has stepped down with immediate effect following the suspected suicide of the company’s chief financial officer.
Like this page on Facebook for updates
Monday 12 December 2011
Sunday 11 December 2011
The FSA will tomorrow publish its report into the near collapse of Royal Bank of Scotland and is expected to say the bank lost sight of "core fundamentals of capital, liquidity, asset quality and risk" for more than a year before it was rescued by the Government.
Saturday 10 December 2011
After a year of tussles with lawyers, politicians and bankers, the Financial Services Authority will finally publish its report into the near-collapse of Royal Bank of Scotland on Monday.
Friday 09 December 2011
Who should be most nervous about the publication on Monday, finally, of the Financial Services Authority's report into the collapse of Royal Bank of Scotland three years ago? The answer, though it may surprise you, is not the former executives of RBS, whose poor decisions brought one of the world's largest financial institutions to its knees. Rather it is senior officials at the regulator itself who have most to lose.
David Prosser: If the regulator fails to explain its role in RBS debacle its report will be a whitewash
Friday 09 December 2011
Outlook Who should be most nervous about the publication on Monday, finally, of the Financial Services Authority's report into the collapse of Royal Bank of Scotland three years ago? The answer, though it may surprise you, is not the former executives of RBS, whose poor decisions brought one of the world's largest financial institutions to its knees. Rather it is senior officials at the regulator itself who have most to lose.
Friday 04 November 2011
Bring out the foul weather gear, prepare to reduce sail, be ready for 24/7 crashing and banging. The Volvo round the world race will be barely an hour old on Saturday before the fleet of six charges south into what will become an increasingly upwind slog as it heads for the Straits of Gibraltar.
Tuesday 23 August 2011
Saturday 06 August 2011
Royal Bank of Scotland swung into the red yesterday as the taxpayer-controlled bank took a £733m hit on Greek bonds and revealed plans to cut about 2,000 jobs.
Friday 05 August 2011
The boss of Royal Bank of Scotland today confirmed the jobs axe would swing once again at the part-nationalised bank as it unveiled a half-year loss of £794 million.
Wednesday 06 July 2011
The Bank of England warned yesterday that it would take action if necessary to strengthen Britain's payments system for big transactions.
Friday 24 June 2011
The Financial Services Authority delayed its controversial mortgage reforms yesterday and admitted its attempts to protect borrowers risked restricting lending too much.
Monday 23 May 2011
Sunday 22 May 2011
The distinction between who is and isn't fair game for the press is complicated. So it is a relief that we can all agree on Sir Fred Goodwin. Actors and footballers are one thing: a hubristic banker who left the taxpayer with the bill for his rampage is a different matter. We can tell that the alleged affair between Goodwin and a senior colleague at the Royal Bank of Scotland is a solid-gold scandal rather than diverting gossip because the Financial Services Authority has deemed it worthy enough of investigation.
Saturday 21 May 2011
Britain's banking regulator is to launch a new probe into the failure of the Royal Bank of Scotland in light of revelations about Sir Fred Goodwin's private life.
Friday 20 May 2011
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
Have we reached 'peak food'? Shortages loom as global production rates slow
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
- 2 Russian girl takes her own life after parents find pornography on her computer
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights