Sport Mohamed Salah, of Basel, holds off Chelsea's Frank Lampard during their Europa League semi final second leg at Stamford Bridge last May

Chelsea’s new signing accused of snubbing opposition before match

RBS chair defends CEO's pay

The chairman of taxpayer-owned bank RBS defended the pay deal of chief executive Stephen Hester, claiming that, in market terms, the £7.7m package was towards "the lower end".

Banking rules are not strong enough, warns FSA's chairman

Adair Turner also calls for a greater focus on risks of the 'shadow banking' system

David Prosser: Keeping the flame of bank reform flickering

Outlook What we won't get in next week's Budget is anything new on theregulation of the banking sector. Recognising what a toxic topic this would be, particularly given the LibDems' public pronouncements about bankers prior to the election, Mr Osborne very wisely opted to kick reform into the long grass by appointing the Independent Banking Commission. Until Sir John Vickers' inquiry comes up with proposals later this year, Mr Osborne doesn't have to address this issue in any meaningful way.

48 Hours In: Bern

Einstein made his greatest discoveries in the Swiss capital – yet you need not be a genius to work out that the city makes an ideal weekend escape, with the prospect of good skiing nearby.

Standard Chartered says UK is 'less enticing'

Standard Chartered warned yesterday that muddled rules and the banking levy were making the UK a less attractive base for its booming business as the bank racked up its eighth straight year of record profit.

FSA budget tops £500m but City firms pay less

The Financial Services Authority (FSA), the market watchdog, has raised its budget for the coming year to just over half a billion pounds, an annual increase of more than 10 per cent.

Stephen Foley: Dimon's gripes reveal reform is still being resisted by the banks

US Outlook: You can pretty reliably measure how well the efforts to reform the banking system are going by listening to how annoyed Jamie Dimon is on a results conference call. The more complaining he does, the more content you should feel.

Something smells odd in the lucrative world of saffron

Prized for centuries for its pungent aroma and golden colour, saffron commands the highest price of any spice. Shoppers may wish to query its purity and quality, though.

Regulators: Banks should publicise payments

A powerful group of international financial regulators has proposed that the payments made by banks to senior management, risk management staff, traders and other "material risk takers" be made public for the first time.

David Prosser: Banks to seek billions of euros

Outlook Coming soon to a stock market near you: more capital raisings from banks. The Basel Committee, the global banking regulators who earlier this year set new standards for capital, liquidity and leverage, has been doing its sums. Yesterday, it said the world's largest 94 international banks needed to raise €577bn in order to comply with the new capital requirements, due to be introduced gradually over the six years from 2013 onwards.

Scholl / Jaroussky / Ensemble Artaserse, Barbican Hall, London<br/>Bartoli / Fagioli / Kammerorchester Basel, Barbican Hall, London

Bizarre pronunciation adds a puzzling dimension to a recital by a brace of countertenors, while Cecilia Bartoli is simply scintillating

King tells banks they will have to be broken up

The battle over the future of banking witnessed another skirmish yesterday as the Governor of the Bank of England, Mervyn King, and the chief executive designate of Barclays, Bob Diamond, clashed over tougher rules.

David Prosser: The bank doth not protest too much

Outlook Standard Chartered's insistence yesterday that its £3.5bn rights issue has been launched primarily with the more stringent capital requirements of Basel III in mind was met with some scepticism in the market. After all, the bank raised £1bn in August 2009 and its Tier One capital ratio, at 9 per cent, is comfortably ahead of the 7 per cent required under Basel III. Might the cash call have more to do with amassing funds for acquisitions, some analysts wondered?

Leading bankers warn that new rules will hit recovery

"Too tough" banking regulation will put a "drag on economic recovery" and cost upwards of 10 million jobs globally, the world's leading bankers have warned.

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