News Josef Ackermann spoke of ‘shock’ at the suspected suicide of his colleague

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.

FSA to admit shortcomings in Royal Bank of Scotland oversight

City regulator failed to detect the pressures in the banking system

FSA to publish report into RBS near-collapse

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.

RBS report to highlight FSA failings

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.

David Prosser: Goodwin and McKillop need not fear FSA report

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

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.

From
Alicante to Cape Town, the Volvo round the world boats face a hard opening
slog

Competitors prepare for difficult start to Volvo round the world race

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.

Eurozone exposure sends RBS sliding back into red

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.

RBS in jobs warning amid £794m loss

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.

'Chaps' payments system is at risk of meltdown, warns Bank

The Bank of England warned yesterday that it would take action if necessary to strengthen Britain's payments system for big transactions.

Watchdog delays controversial reforms of mortgage market

The Financial Services Authority delayed its controversial mortgage reforms yesterday and admitted its attempts to protect borrowers risked restricting lending too much.

Mary Ann Sieghart: Enough of men who crash and burn

As a political journalist I love it when our politics are full of scandal and excitement. But as citizen? Less so

Sarah Sands: It's the boardroom, not the bedroom, that matters

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.

RBS failure faces new probe

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.

Cahal Milmo: 'Fred the Shred' thought the bad headlines had gone away. He was wrong

Our writer reports on yet another public humiliation for the former RBS chief
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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee
World War Z author Max Brooks honours WW1's Harlem Hellfighters in new graphic novel

Max Brooks honours Harlem Hellfighters

The author talks about race, legacy and his Will Smith film option to Tim Walker
Why the league system no longer measures up

League system no longer measures up

Jon Coles, former head of standards at the Department of Education, used to be in charge of school performance rankings. He explains how he would reform the system
Valentine's Day cards: 5 best online card shops

Don't leave it to the petrol station: The best online card shops for Valentine's Day

Can't find a card you like on the high street? Try one of these sites for individual, personalised options, whatever your taste
Diego Costa: Devil in blue who upsets defences is a reminder of what Liverpool have lost

Devil in blue Costa is a reminder of what Liverpool have lost

The Reds are desperately missing Luis Suarez, says Ian Herbert
Ashley Giles: 'I'll watch England – but not as a fan'

Ashley Giles: 'I'll watch England – but not as a fan'

Former one-day coach says he will ‘observe’ their World Cup games – but ‘won’t be jumping up and down’
Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Fortitude and the Arctic attraction: Our fascination with the last great wilderness

Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness