News

Government adviser reveals his frustration at talk of bank kindness to zombie businesses

Staff turnover at financial regulator doubles since split

Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe's biggest financial hub.

Robert Goodwill

New aviation minister Robert Goodwill opposed third runway at Heathrow

Minister staged ceremony at his Yorkshire home to show solidarity with local Heathrow homeowners over plans over airport expansion

Deputy governor of the Bank of England Paul Tucker warns on rules

The outgoing deputy governor of the Bank of England today warned watchdogs are in danger of becoming "dazzled by rules and regulations".

JP Morgan rainmaker 'faced criminal probe'

Financial regulators originally questioned the former JP Morgan rainmaker Ian Hannam under caution because they believed he may have committed a criminal offence, it emerged yesterday.

The Business Matrix: Monday 30 September 2013

Mulberry spots a mac opportunity

Britain’s economic recovery was being undermined by continuing delays in deciding how to expand the country’s airport capacity, two former trade ministers warned the Government

Airport expansion: British economy being strangled by lack of flights, say ex-ministers

Peers say decision is needed on new airport capacity to compete with European rivals

Co-op Bank bondholders target their fury at City watchdogs

They want to know why board was let off the hook over banking arm

Partnership Assurance could face enforcement action from Financial Conduct Authority

Recently floated pension provider could face enforcement action from the industry regulator after it today admitted it is under investigation over commission payments to advisers.

James Moore: The Co-op’s treatment of it bondholders is nothing short of shabby

Outlook: The Co-op has a new chief executive and a new team but it hasn’t changed the way it acts

Sainsbury's recalls watercress from stores following E.coli outbreak

The supermarket giant Sainsbury's has recalled watercress from store shelves following an E.coli outbreak.

James Moore: Will the FCA investigate the Co-op? It must make its position clear

Outlook It is often noted that the Co-op Bank is the first to get into difficulties without having to call on the taxpayer for cash. By contrast to the earlier bailouts of Royal Bank of Scotland, HBOS, Northern Rock, Bradford & Bingley (what a long and sorry testament that list is to the UK banking industry), Co-op Group and the bank's bondholders are footing the bill for the debacle.

The Business Matrix: Saturday 31 August 2013

Weather gives TRG a warm glow

The Business Matrix: Friday 30 August 2013

Jewellers fail to sparkle

Identity-theft insurance was often sold alongside the activation of credit and debit cards

Regulator puts the boot in, but will it make a difference?

The FCA got tough over ID theft insurance, but don’t expect the industry to change its ways

Pru warns capital rules are a threat to UK jobs and growth

Prudential’s chief executive Tidjane Thiam has described new capital rules from Brussels as “one of the biggest threats to UK jobs and growth”.

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Pompeii, Capri & the Bay of Naples
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Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
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As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links