A hedge fund boss who is accused of covering up losses of 390 million US dollars (£250 million) was facing a record £3 million fine from the City watchdog today.

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Osborne's got it wrong on the economy, warns public

Seven out of 10 people want George Osborne to adopt a "Plan B" on the economy to give priority to growth rather than spending cuts, according to a poll for The Independent.

David Cameron in talks over eurozone crisis

The Prime Minister has held a top-level meeting with officials and ministers to discuss Britain's position in the eurozone crisis.

Power of UK watchdogs 'limited' in JP Morgan case

British regulators may be powerless to act against JP Morgan over its chief investment office's huge, loss-making positions in credit derivatives because of the bank's structure, i has learnt.

FSA 'powerless' over JP Morgan

British regulator may be unable to act against US bank despite huge losses in London

James Moore: Why Homeserve's bad habits need to be curbed

If you ever needed an example of why the insurance industry gets it so wrong so often Homeserve's chief executive Richard Harpin provided it yesterday. Some 94 per cent of Homeserve's customers are satisfied with the service, he declared. Why, then, has the group has found itself in such a pickle?

James Moore: HomeServe has no room for boasting when it has so many problems to sort out

Outlook If you ever needed an example of why the insurance industry gets it so wrong so often HomeServe's chief executive Richard Harpin provided it yesterday. Some 94 per cent of HomeServe's customers are satisfied with the service, he declared.

Homeserve under investigation by FSA

Home repairs group Homeserve has revealed it is being investigated by the City watchdog in the wake of accusations over mis-selling and failures in complaints handling.

James Moore: When talking tough isn't the name of the game

Wasn't financial regulation supposed to have turned over a new leaf? With phrases like "proactive", "intrusive" and "harsh" taking over from "light touch" and "risk based". That is certainly what the Financial Services Authority would have us believe. Talking tough has been the name of the game in recent months. The FSA's outgoing boss, Hector Sants, even suggested that banks should feel "frightened" of the watchdog.

James Moore: London's regulators are as scary as a Disney movie with the lights turned on

Outlook: US regulators have been more alive to the situation. Even the FBI has got in on the act

'Pied piper' broker Tony Verrier banned from City for life

The "pied piper" broking chief who lured 10 of his colleagues away from the broker Tullett Prebon to a rival, BGC partners, has been banned from working in the City ever again.

£1.6m settlement for Cattles stakes

Shareholders who refused an offer of 1p a share for their stakes in sub-prime lender Cattles were celebrating a £16 million settlement today.

Plus Markets to close after failing to find buyer

London's junior, junior stock exchange, Plus Markets, is set to close, having failed to attract a takeover and running out of cash.

Angela Knight moves from bank to energy champion

The staunchest defender of the UK's banking industry is set to protect another much-maligned sector, as Angela Knight was named chief executive of Energy UK this weekend.

Spotlight On: Close brothers premium gold

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Day In a Page

Grotty no more: How Lanzarote upgraded its appeal

How Lanzarote upgraded its appeal

Lanzarote has been quietly changing its fly-and-flop holiday image, discovers Andrew Eames.
Traveller's Guide: Montenegro

Traveller's Guide: Montenegro

It's one of Europe's smallest countries, but it packs in spectacular landscapes and glittering beach resorts.
48 Hours In: Verona

48 Hours In: Verona

Summer opera returns to the Roman arena, says Charles Hebbert.
Ten things we’re looking out for at E3 2012

Ten things to look out for at E3 2012

From Wii U to The Last of Us we consider this year's show
Come dine (online) with me

Come dine (online) with me

Move over TV chefs, hello YouTube stars
Next in line – but public just can't warm to idea of Charles in charge

Next in line – but public just can't warm to idea of Charles in charge

'Independent' poll finds less that half want him to take throne as ministers moan of interference
Nothing's sacred: the illegal trade in India's holy cows

Nothing's sacred: the illegal trade in India's holy cows

Andrew Buncombe reports from Kaharpara on a bloody war between rustlers and border guards
Mogul grounded: Desmond gives up his jet deal

Mogul grounded: Desmond gives up his jet deal

Media tycoon's company pays £1m to cancel his order for a £36m private jet after drop in profits
How Ai Weiwei built a pavilion in London – by remote control

How Ai Weiwei built a pavilion in London – by remote control

The artist tells Clifford Coonan how he used Skype to escape confinement in Beijing
Nature, nurture... or neither? The new twist in an age-old argument

Nature, nurture... or neither?

The new twist in an age-old argument
Radio 4 to shed its cosy image with a 'sexy' Ulysses drama

Radio 4 to shed its cosy image with a 'sexy' Ulysses drama

New station controller wants to reflect the current period of 'turmoil and uncertainity'
Alcohol: I drink therefore I am

Alcohol: I drink therefore I am

New guidelines warn Britons to drastically reduce their boozing. But is a life without liquor worth living? Hell no, says John Walsh
The Cable News Nightmare: CNN (and Piers Morgan) in audience crisis

The Cable News Nightmare

CNN (and Piers Morgan) in audience crisis
Like a barbie, but better: The Big Green Egg can griddle, roast, and smoke food - and even make pizza

The Big Green Egg: Like a barbie, but better

It can griddle, roast, and smoke food - and even make pizza...
The 10 Best chopping boards

The 10 Best chopping boards

Whether you want to dice veg, chop meat, or just slice up a salad, there’s a surface here to suit every culinary need.