hei-fi

No time should be wasted asking them to reform – just do it

Money Insider: Banks reward loyalty – but is it enough?

barclays bank has launched a range of discounted loyalty mortgage deals following similar moves by HSBC, the Halifax, Nationwide and Santander, which also offer preferential rates to existing current account customers.

Barclays pays $298m over US sanctions violations

Barclays bank has agreed to pay a settlement of $298m (£190m) after it violated US sanctions in transactions conducted with Cuba, Iran, Libya, Sudan and Myanmar.

Sarah Sands: Saddle up for the short ride to communism

There are a few potential downsides to the Boris Bikes that arrived in London on Friday, and critics spotted them all. "Stand by for massive amount of suing", "fair-weather cyclists", "a financial fiasco", "a clever ploy by [the sponsor] Barclays bank to ensure we forget their greed and fat-cat bonuses and pensions". Helmets! Hoodies! Hubris!

Questions Of Cash: 'My flight had left Australia the previous day'

Q. In January, I was stranded in Perth in Australia because Air Mauritius changed its itinerary without informing me. I arrived at the airport to find my flight had departed the previous day. I was four days late returning to work, lost pay and incurred costs totalling £730, but Air Mauritius will pay me only €600 (£500). While in Perth, I unsuccessfully tried to persuade Air Mauritius to send me home using another airline. After ignoring my emails, Air Mauritius eventually offered me €600, saying: "As previously advised, your settlement has been set out by the EC Regulation 261/2004 and will not be increased." But I believe Air Mauritius has a legal and moral duty to pay for all my extra costs incurred because of the schedule change, so I have refused its offer. RD, by email.

Ben Chu: The case for breaking up Barclays

Regular readers of this blog will be unsurprised to hear that I disagree with the argument of my colleague, James Moore, that breaking up Barclays Bank would be a bad idea.

James Moore: Why breaking up barclays bank doesnt look so clever

So now we know. Barclays is Britain’s strongest bank, and by quite some way. Even under a stressed scenario considered by Europe’s banking watchdogs it would have a tier one capital ratio of 13.7 per cent.

The Business On... Crispin Odey, Founder, Odey Asset Management

Not another smug financier?

Sir Nigel Rudd agrees to second term as BAA chairman

Corporate grandee Sir Nigel Rudd has been asked to stay on for a second three-year term as chairman of BAA. Sir Nigel took on the chairmanship of the UK's airports operator, owned by Spain's Ferrovial group, in September 2007, and has overseen a troubled period including the completion of Terminal 5, the forced sale of Gatwick airport and the failed attempt to build a third runway.

MI5 investigates as 'femme fatale' found to have links with UK

A glamorous estate agent said to be at the centre of the alleged Russian spy ring was the subject of an urgent investigation in Britain last night, after evidence emerged that she had worked in London before moving to the US.

David Prosser: Here is the news: your pension is under attack

Outlook Gulp. If you're a teacher, a nurse, a binman or a civil servant – in short, if you work in the public sector – the latest news from the BBC makes uncomfortable viewing. The cuts the Corporation proposes to make to the pension benefits it offers its staff could set a precedent that ministers follow over the years ahead, particularly if BBC bosses can avoid a very painful industrial dispute.

Man held after bank hostages freed

A bank siege ended peacefully last night when a man was arrested after up to 16 people taken hostage were released unharmed.

Lehman was biggest risk of my life, says Diamond

John Varley, the chief executive of Barclays Bank, said that pursuing the acquisition of Lehman Brothers at the height of the financial panic in 2008 led to "the riskiest week" of his life.

Current account changes mean end of free banking

Free accounts are now outnumbered by paid-for ones and could disappear altogether within three years, reports Simon Read

Business Diary: Osborne fails to lead by example

George Osborne, the Chancellor, ought to do a little more practising what he preaches. He is full of the need for austerity measures, promising billions of pounds of cuts in public spending. He expects colleagues to set an example – ministers have been told to travel using second-class train tickets whenever possible. And he has even started lecturing other countries on cuts, warning about high budget deficits around the world when he arrived at the G20 meeting of finance ministers in Korea yesterday. So how did Osborne get to Korea? By business class flight, obviously.

Hamish McRae: Government may have to step in where companies fear to tread

Economic Life: Any other company, particularly a foreign one, will now think twice about investing in technically demanding oil exploration in the US
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone