No time should be wasted asking them to reform – just do it
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Tuesday 25 May 2010
John Shepherd-Barron's invention of the automatic cash dispenser – now ubiquitous, but in the 1960s a mysterious contrivance – owed something to his technological grasp, his business sense and his ingenuity. It also owed something to his annoyance with a bank branch when he turned up at 12.31 on a Saturday to find to his irritation that it had closed one minute earlier, which meant he could not cash a cheque.
Monday 24 May 2010
Is Sir Richard Branson's Virgin group still in the running for Northern Rock, the nationalised bank that the Government hopes in the not-too-distant future to sell back to the private sector? If so, the bearded one is going to need to get past Vince Cable, Secretary of State for Business, with whom he has a little form. Only two years ago, the first time Sir Richard had a tilt at buying Northern Rock, Cable questioned in the Commons whether he was a "fit and proper person" to run the bank.
Saturday 24 April 2010
The 7,500 lost souls who didn't read small print
Thursday 08 April 2010
Outlook What does Lord Mandelson think about the pay of Bart Becht, the chief executive of Reckitt Benckiser, who took home benefits worth a little over £90m last year? In the good old days of new Labour, the business secretary famously pronounced the party "intensely relaxed about people getting filthy rich" (though the second half of the quote – "as long as they pay their taxes" – is often forgotten). A decade or so on, however, Lord Mandelson seems a little more uptight about boardroom largesse, laying into Barclays Bank's Bob Diamond at the weekend for his earnings.
Friday 02 April 2010
The women's footwear retailer Faith was in advanced negotiations with two bidders over a management buyout to safeguard the future of the chain yesterday.
Thursday 01 April 2010
Gary Hoffman, the chief executive of the nationalised bank Northern Rock, was paid nearly £1.4m last year – more than he was previously receiving at Barclays Bank, it emerged yesterday.
Thursday 25 February 2010
The key player in a group of Barclays bank workers who tried to steal more than £1 million from wealthy account holders was jailed for five years today.
Saturday 20 February 2010
Three Nobel winners better than two
Well done to the organisers of two letters to the FT, where 60 economists rejected calls for cuts to public spending.
Friday 19 February 2010
Wednesday 17 February 2010
Outlook As this paper reported yesterday on its front page "Credit card rates [have] hit a 12-year high". If you want to know why, look no further than the results of Barclays Bank. At its Barclaycard division, bad debts rose from £1.1bn to £1.8bn last year. That has to be paid for somehow and higher credit card rates are one answer.
Friday 29 January 2010
Thursday 28 January 2010
2020 vision: While the big beasts of the Square Mile and Wall Street go east in a hurry, the euro goes nowhere fast
Sunday 27 December 2009
It was the most gripping opening to a most exciting second decade of the 21st century. Just days into January 2010, Barclays bank stunned the world's stock markets by moving its HQ, and 5,000 of its investment banking staff, to Hong Kong. Another 2,000 Barclays bankers and traders were transferred to Mumbai, where India's National Stock Exchange is still the fastest growing exchange in the world; 2,000 staff decamped to Singapore, now the world's epicentre for energy technologies and the first producer of hydrogen cell cars; and another 500 traders were moved to Rio de Janeiro, South American's busiest stock market.
Sunday 27 December 2009
Wednesday 11 November 2009
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
- 1 Planes go hybrid-electric in important step to greener flight
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party