No time should be wasted asking them to reform – just do it
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Tuesday 05 April 2011
Customers of many of the world's biggest banks and numerous other companies are being warned to expect fake emails trying to lure them to part with their log-in details, after what could be one of the biggest data breaches of the internet era.
Thursday 31 March 2011
Barclays Bank has become Britain's most complained about finance brand, grabbing the title from Spanish-owned Santander. According to figures issued yesterday by the Financial Services Authority, there were nearly 10,000 complaints a day about finance institutions in the last six months of 2010, with Barclays attracting 276,315 new complaints.
Thursday 31 March 2011
Outlook What is Barclays Bank up to? Eleven weeks ago yesterday, Bob Diamond, the bank's chief executive, told a public hearing of the Treasury Select Committee that he was "crystal clear" about one thing at least: Barclays headquarters would remain in the UK. Now, rumours are flying round the market that the bank has held discussions with US regulators about a move to New York – and Barclays isn't denying the story.
Saturday 19 March 2011
A new tome from the former Financial Times editor Sir Geoffrey Owen makes fascinating reading. Evolution or Revolution charts the way in which company boards have changed over the past 50 years. Sir Geoffrey highlights the case of Barclays Bank, which had more than 40 directors at one stage during the 1960s. It's now down to 13, including only two executive directors. A good job too, one might say, given the prices those executives charge the bank for their services.
Saturday 19 March 2011
Friday 11 March 2011
Lord Patten told MPs yesterday that if he was confirmed as the new chairman of the BBC he would expect to be unpopular – and predicted that "there will be all hell let loose" as the corporation is forced to cut spending on programming.
Wednesday 02 March 2011
Barclays Bank is buying the British credit card assets of the online lender Egg from Citigroup to boost its retail banking business. The deal, agreed for an undisclosed sum, will give Barclays 1.15 million credit card accounts with about £2.3bn of outstanding balances.
Tuesday 22 February 2011
The uprising in Bahrain may have more serious implications for the US than they care to acknowledge. The replacement of a longstanding ally by a populist regime formed from Islamist parties who in the 2006 elections won 32 out of 40 seats in the lower house of Parliament may be just the first of a string of Gulf regimes that could fall to unrest.
Wednesday 09 February 2011
How did George Osborne, who the banks regard as an ally, dare to mount yesterday's attack on the sector? Well, let's put it this way, he waited until the banks' defender-in-chief was safely out of the way to announce he intended to raise their tax bills. Angela Knight, the fearsome boss of the British Bankers' Association, was conspicuous by her absence from the airwaves yesterday, so the Chancellor did not have to face her wrath. Did he know she was on holiday?
Sunday 30 January 2011
George Osborne, the Chancellor, has urged cash-rich British companies to start spending and investing again in order to get the country's stalling economic recovery back on the road.
Friday 21 January 2011
Outlook It is impossible to argue with the Financial Services Authority's Sheila Nicoll, who yesterday called for the "rebuilding [of] trust between customer and adviser", as the regulator unveiled reforms of the financial advice market that will take effect at the start of 2013.
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
PM denies two child limit for benefits is part of Tory welfare policy
Anachronistic and iniquitous, grammar schools are a blot on the British education system
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- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Iain Duncan Smith leaves Commons food banks debate early
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile