News

Britain's oldest private-equity firm has written down the value of its investment in the retailer Hobbs because of poor trading over the festive period.

Albemarle on borrowed time as cash call fails

Pawnbroker Albemarle & Bond has just a month to save itself from collapse after emergency efforts to raise £35 million from investors broke down.

Britain's major banks warned of cyber attack threat amid concerns over 'vulnerabilities'

Banking sector is particularly at risk due to old and complex IT systems

Anthony Hilton: Shareholders can’t hold boards to account from the other side of the world

It’s unusual for economists like Ben Broadbent to admit they’re lost. It’s also unnerving

Michael Spencer’s company has been fined £55m

Heat raised on Tory donor as Libor fixing file is passed to SFO

Criminal charges could be a possibility for brokers who worked  for Michael Spencer

Icap Boss Michael Spencer under fire after £55m Libor scandal fine

Icap boss Michael Spencer was today told to “raise his game” after the firm was hit by an embarrassing £55 million fine for its role in the Libor scandal.

Icap is run by former Conservative party treasurer Michael Spencer

'Let's discuss kickbacks over lunch': Tory donor's firm fined £55m over Libor fixing

Traders' emails reveal shocking conspiracy at Icap, the financial company owned by former Conservative treasurer and prominent party donor Michael Spencer - now bankers face 30 years in jail

Jim Armitage: 'Appalled and disgusted', so why no gesture of apology from Icap chief?

Outlook Michael Spencer is a hard man not to admire. From nowhere, he built his City broking house into a FTSE 100 company employing 5,000 staff worldwide. He is not afraid to speak out on controversial political issues and, unlike many of his peers at the top of major companies, is opinionated without the banal varnish of the MBA.

Somali remittances: It's about justice, not charity

If Barclays cut this service both Somalis and the Somali state will suffer

James Moore: US regulators set to give banks another battering

Outlook For a country that espouses free wheelin' capitalism, red in tooth and claw, the US has a surprisingly large number of regulators.

Barclays Bank computer heist: Two in court over £1.3m haul

Two men have appeared in court charged with taking over a bank's computer system to steal £1.3 million.

Anthony Hilton: Vernon Hill’s root and branch approach leaves Metro Bank blooming

Bank has 20 branches and plans to open a new one roughly every month to bring the total to about 200

Barclays' rate bungle could cost it £100m

Some 300,000 people who took out personal loans through Barclays are in line for compensation worth hundreds of pounds after the bank admitted it had made mistakes on their paperwork.

Barclays Bank computer heist: Eight arrested over £1.3m haul

Eight men have been arrested in connection with a £1.3 million theft carried out by a gang who took over a bank branch computer system.

James Moore: Telling the truth has its price as Tesco dumps house brokers

Outlook The way Tesco tells it, the decision to dump long-time brokers JP Morgan Cazenove and Nomura was simply good housekeeping. The two had been in place for seven years, after all, and since then there's been a change of chief executive, with Philip Clarke now in charge, not to mention a rather notable change in the fortunes of the business. Having previously been described as "the supermarket that ate Britain", the last couple of years have seen the retailer suffering from corporate indigestion.

Average payout of more than £300 for customers as bank pays refunds of interest paid on personal loans

300,000 Barclays customers to get surprise windfalls as bank to pay £100m in loan error

Average payout of more than £300 for customers as bank pays refunds of interest paid on personal loans

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Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
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Pantomime leads the pack in quest to welcome all
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From noble to narky, the fall of the open letter

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A Christmas ghost story by Alison Moore

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