News

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

Regulator's tests to see if people are fit to work in City have 99.99% pass rate

In theory, the “fit and proper” test set by the City watchdog is a tough examination of the attributes of candidates whom banks put forward for the most sensitive of roles. But figures out yesterday reveal that nearly everyone passes. The regulator stopped just 30 applications from 227,000 – a rejection rate of only 0.013 per cent – in the last six years.

The recall dates back more than two years

British firms ordered to make checks after Dutch authorities recall 50,000 tonnes of meat

Every single meat product sold by two Dutch suppliers as beef in more than two years is under suspicion

New watchdogs launch inquiry into RBS IT fiasco

Bank could face big fines as it admits 'unacceptable' failure that blocked accounts

Icap faces new inquiry in US on rate-rigging claims

Icap was tight-lipped after fresh allegations emerged linking it to investigations by regulators into the manipulation of interest rates.

Pressure intensifies on the HBOS Three

The backlash against three former HBOS executives intensified today following a damning report into the bank’s collapse.

A scene from Panorama’s Undercover Care: The Abuse Exposed

BBC accepts resignation of 'Panorama' producer at centre of bribery allegation

The BBC has accepted the resignation of a senior producer on its Panorama programme who had been suspended following allegations of bribery.

Sir James Crosby at his home near Harrogate following his resignation as deputy chairman of the Financial Services Authority

Ex-HBOS head Sir James Crosby quits Bridgepoint role following damning report into collapse of bank

Former HBOS chief executive Sir James Crosby today stepped down from his role with private equity firm Bridgepoint following a damning report into the collapse of the bank.

HBOS executives Andy Hornby, left, and Lord Stevenson. Their apologies for the loss imposed upon the taxpayers ring hollow, says the report

Worse than Fred Goodwin! The verdict on the bank bosses who presided over the £40bn collapse of HBOS

Banking standards commission report dismisses ‘hollow’ apologies by HBOS management that staggering losses were due to unpredictable events of credit crunch, citing a ‘colossal failure’ of strategy by the board

Tomorrow is the FSA's final day

Julian Knight: Changing of the regulator guard ought to be good news for consumers

On Monday, the Financial Services Authority ceases to exist, to be replaced by the Financial Conduct Authority. The offices will be the same and the overwhelming majority of personnel remain.

Anthony Hilton: Can the banks have their cake and lend it out too? Something's got to give

I have no problem with the Bank of England being in charge of monetary policy and having the responsibility to help deliver stable prices and economic growth. Separately I have no problem with the Bank of England having overall responsibility for the stability of the financial system. The problem is whether it is possible for the Bank to do both at the same time.

City hit by record fines as watchdog vows to keep up pressure

Penalties hit £136m in first quarter as City fears era of 'fine inflation'

Five Questions About: The FCA

What's that? Something to do with football?

Simon English: Tidjane Thiam is a naughty boy and the Pru's not the Messiah

Outlook By most common consent Tidjane Thiam is a brilliant chief executive. He is also a very naughty boy, at least according to the Financial Services Authority. The £30m fine whacked on to the insurer, and his censure by the watchdog yesterday, are unusual in lots of ways and a clear indication of just how angry the FSA was and is with Mr Thiam.

Anger as banks are urged to raise extra £25bn by Bank of England

BoE on defensive as critics say chasing new capital will undermine economic recovery

The Business Matrix: Tuesday 26 March 2013

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Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project