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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