News

EU watchdogs are preparing to impose multi-million euro fines on six banks, including Royal Bank of Scotland and HSBC, where traders are suspected of having tried to manipulate Euribor interest rates.

US regulators plan to curb speculators

US regulators are considering sweeping changes to commodities trading to stamp out the excessive speculation that has been blamed for the volatility of oil prices. While real-world businesses that need to buy oil on the global markets would be unaffected, a vast industry of financial investors and speculators could face curbs on the size of their activities.

Derek Pain: Fresh thinking provides a greater Clarity

No Pain, No Gain

Soros calls for ban on credit default swaps

George Soros, the billionaire hedge fund manager, called for credit default swaps to be banned, saying these financial instruments had the potential to wreck individual companies and to bring down the banking system.

Lobbyists and agency rivals fight to shape the new Wall St

The Obama administration is grappling with inter-agency turf wars and an intensive rearguard lobbying effort by Wall Street as it tries to finalise its sweeping reform of financial regulation in the US.

US push to curb derivatives gathers steam

The US government and regulators are stepping up their efforts to bring the wilder reaches of the vast credit derivatives market under central supervision for the first time.

Obama's plan to purge US banks of toxic assets falters

The Obama administration's much-heralded $1 trillion (£626bn) plan to rid US banks of their toxic loans appears to be crumbling, amid disinterest from the very banks it was designed to help.

Exchange looks to life after Clara

Dame Clara Furse's departure will open a new chapter in the LSE's 300-year history. It may be the toughest one yet. Nick Clark reports

Jeremy Warner: Women bankers are no protection

Outlook Harriet Harman, Labour's deputy leader, would be well advised to read Gillian Tett's excellent new book on the origins of the banking crisis, Fool's Gold, before sounding off again on the merits of packing the boards of nationalised banks with women so as to protect us all from the supposed greed-fuelled recklessness of male bankers.

Wall Street baulks at Geithner's regulation reform plans

Treasury Secretary urged to delay federal involvement

White House orders legal action over bonuses for AIG traders

Employees at AIG's London-based derivatives business face losing $165m (£117m) in retention bonuses amidst a political firestorm in the US. Barack Obama stepped in to the row yesterday to order that AIG, which was nationalised by the US government to stop it going bust last year, use all legal means to avoid paying the bonuses.

Dow sinks to 12-year low on fears for AIG

Wall Street lurches downwards again amid more financial turmoil

Derivatives clearing to be introduced in July

The European Commission announced yesterday that credit default swaps will be cleared centrally from July. Regulators have been working with the industry to boost transparency and reduce risks in trading the instruments.

Credit Suisse posts record Sfr8bn losses

Another day, another unwanted record for the Swiss banking community. Just 24 hours after UBS posted the country's highest annual corporate loss, Credit Suisse revealed its own worst ever numbers, as losses in 2008 hit Sfr8.2bn (£4.9bn).

JPMorgan Chase faces lawsuits after pulling cash from Madoff

JPMorgan Chase, the banking giant, is bracing for lawsuits over the Madoff affair, after admitting that it pulled its own money out of hedge funds linked to the Wall Street swindler while leaving hundreds of European clients exposed.

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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
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Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine