The lower returns and higher costs put the spotlight firmly on incoming chief executive Jes Staley, who has been brought across from Wall Street to speed up the rate of change at the bank
British bank to pay JP Morgan veteran as much as £10.2m in his first year at helm
No time should be wasted asking them to reform – just do it
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.
Bob Diamond of Barclays seemed cross at being questioned by MPs, but Colin Firth might get us all talking to each other
The cuts were needed, but so is a plan for growth
A bank siege ended peacefully last night when a man was arrested after up to 16 people taken hostage were released unharmed.
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.
Britain's first black prime minister is settling into Number 10, Sir Alexander McQueen has given King Charles a makeover and the City's carbon traders are coining it. Welcome to the future – but what other surprises are around the corner? Our experts reflect on the biggest events of the next 10 years
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.
As Winston Churchill's secretary and assistant, Patrick Kinna often found himself at the centre of events during the Second World War. The Kinna family had generations of army service but Patrick, slight of stature and not cut out to follow his four elder brothers into the forces, thought to have a career as a journalist and enlisted in a local secretarial college to acquire shorthand and typing skills, winning the All England Championship for secretarial speeds. He joined Barclays Bank as a clerk while deliberating whether to be a journalist or a skating instructor; he had been training with Belita Jepson-Turner and achieved British gold medal status in ice dancing.
When Frank McGarahan saw a homeless man being beaten up, he stepped in - and paid for his courage with his life. Yesterday two brothers were found guilty
Administration and a 10-point penalty loom large for struggling Southampton
If there are any young psychologists looking around for a subject for a PhD thesis, may I suggest a subject? It would be something along the lines of "Guilt, expiation or displacement at The Guardian".