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.
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Friday 22 April 2011
Gritting its teeth and clearly unhappy, the New Zealand government has confirmed it will honour a pledge by the previous administration to support Emirates Team New Zealand’s challenge for the 2013 America’s Cup.
Saturday 19 March 2011
With the tulips coming out and the canals perfect for a stroll, this water-laced city looks pretty in spring.
Thursday 10 February 2011
Andy Murray crashed out in the first round of the ABN Amro World Tennis Tournament in Rotterdam last night after a straight-sets loss to Marcos Baghdatis.
Sunday 30 January 2011
Wednesday 19 January 2011
Royal Bank of Scotland is finally selling the care specialist Priory Group in a deal worth up to £925m.
Tuesday 18 January 2011
A chain of private rehab clinics best known for helping wean celebrities off their addictions has been sold to private equity in a deal worth up to £925 million, it was announced today.
Sunday 19 December 2010
Thursday 16 December 2010
Outlook So watch them squirm. The Financial Services Authority's most senior executives have spent the best part of a fortnightdefending theirdecisions not to take action against the Royal Bank of Scotland executives who led the bank to the brink of collapse and not to publish the report on the episode that led them to that conclusion. Yesterday, Lord Turner, the FSA's chairman, found himself unable to hold the party line any longer. Assuming that RBS can be persuaded to play ball, he promised that an edited account of the affair would be published before March.
Sunday 12 December 2010
Sunday 05 December 2010
I want to discuss the Kremlin – as the headquarters of Royal Bank of Scotland was nicknamed under the leadership of the disgraced banker Sir Fred "The Shred" Goodwin. As you can probably guess, it wasn't a jolly place.
Friday 03 December 2010
His disastrous strategy may have brought Royal Bank of Scotland to its knees, recording the worst corporate losses in UK history, while he still picked up a lucrative pension pot, but yesterday Sir Fred Goodwin was cleared by the City watchdog of breaking any rules.
Thursday 02 December 2010
The City watchdog today ruled out action against former bosses at Royal Bank of Scotland after finding no evidence of fraud or dishonest activity in the lead-up to the financial crisis.
Tuesday 02 November 2010
Further evidence of unexpectedly strong momentum in the private sector arrived yesterday with the publication of the latest survey of business confidence in manufacturing.
Friday 29 October 2010
Outlook Have the wheels fallen off Banco Santander? This is the bank, remember, that incredibly brushed off the credit crunch as if it were an elephant having a minor problem with an irritating mosquito.
Wednesday 22 September 2010
With a name like that, there has to be a scandal?
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
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 3 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights