News

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

In the 1990s negative equity was mostly in the South but now northern regions have been hit hard

Up to 630,000 borrowers are stuck in negative equity as the housing market stagnates

New consumer finance watchdog warns further pain could be on the way despite Budget pledges

Business week in review

In profit...

Consumer Rights: With due care, Britons can avoid the same plight as the Cypriots

The plan for the Nicosia government to seize its citizens' money should act as a spur to check all your cash is fully protected
Packaged accounts often include travel insurance

Money Insider: Rules tightened on paid-for bank accounts

Last summer the Financial Services Authority (FSA) published a new set rules designed to give greater protection to customers with a packaged or “added value” current account.

Bagged supermarket mixed leaf salads blamed for bug that hit 300 people

An outbreak of Cryptosporidium that affected around 300 people probably originated in ready-to-eat bagged salads, an investigation has found.

Watchdog bares teeth with £2.4m fine for oil group Lamprell

The City regulator bared its teeth yesterday, showing that companies listed on the London stock market can expect much larger fines for breaking its rules.

Jargon-free accounts can simplify savings

Finance firms told to cut complexity in savings and insurance

Anthony Hilton: FSA's clampdown will shake up Sipps sector

Though you may never have heard of it, Dentons is one of the leaders among administrators of Self Invested Personal Pensions. And on Tuesday it put forward enough smart ideas to show that it remains several notches above most of the competition.

Watchdog knew banks were fixing Libor for three years

The City watchdog yesterday admitted that staff had been aware of Libor fixing for nearly three years before it finally launched an investigation into what has rapidly turned into banking's biggest scandal.

James Moore: Have lessons been learnt? Regulators have failed again and again and again

Outlook Something up with Libor, you say? Sorry guv, not my problem, speak to the British Bankers' Association. This, in a nutshell, was the attitude of the Financial Services Authority when the issue was raised with it on 26 separate occasions, and perhaps as many as 74 where there were oblique or indirect references to the problem in FSA communications.

Three held in insider dealing investigation

Three men have been arrested and are being held in connection with an inquiry into insider dealing and market abuse, the City watchdog has said.

Ben Chu: Grand Theft Libor

Outlook It's a pity Lord Turner didn't get the Bank of England job, because he would probably have produced better soundbites than Mark Carney will.

Rule on bank capital was a 50-year giant mistake, says Lord Turner

Lord Turner, the outgoing chairman of the Financial Services Authority, has declared that the amount of capital banks were required to hold before the 2008 financial crisis had been a "50-year giant mistake".

James Moore: A crop of problems if AgriBank were to go pop

Outlook On to high-yield savings and AgriBank, which has generated a flurry of excitement by offering a bond that might allow your money at least to keep pace with inflation.

PPI mis-selling complaints at Lloyds total 1.4 million

Lloyds Banking Group received almost 1.4 million complaints about mis-sold payment protection insurance in 2012, it has admitted. The bank was fined £4.3m last week after it failed to pay compensation quickly enough to tens of thousands of PPI victims, yet it declared it has made "significant progress" on dealing with customer complaints.

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Prices correct as of 17 October 2014
Isis in Syria: A general reveals the lack of communication with the US - and his country's awkward relationship with their allies-by-default

A Syrian general speaks

A senior officer of Bashar al-Assad’s regime talks to Robert Fisk about his army’s brutal struggle with Isis, in a dirty war whose challenges include widespread atrocities
‘A bit of a shock...’ Cambridge economist with Glasgow roots becomes Zambia’s acting President

‘A bit of a shock...’ Economist with Glasgow roots becomes Zambia’s acting President

Guy Scott's predecessor, Michael Sata, died in a London hospital this week after a lengthy illness
Fall of the Berlin Wall: History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War

Fall of the Berlin Wall

History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War
How to turn your mobile phone into easy money

Turn your mobile phone into easy money

There are 90 million unused mobiles in the UK, which would be worth £7bn if we cashed them in, says David Crookes
Independent writers remember their Saturday jobs:

Independent writers remember their Saturday jobs

"I have never regarded anything I have done in "the media" as a proper job"
Lyricist Richard Thomas shares his 11-step recipe for creating a hit West End musical

11-step recipe for creating a West End hit

Richard Thomas, the lyricist behind the Jerry Springer and Anna Nicole Smith operas, explains how Bob Dylan, 'Breaking Bad' and even Noam Chomsky inspired his songbook for the new musical 'Made in Dagenham'
Tonke Dragt's The Letter for the King has finally been translated into English ... 50 years on

Buried treasure: The Letter for the King

The coming-of-age tale about a boy and his mission to save a mythical kingdom has sold a million copies since it was written by an eccentric Dutchwoman in 1962. Yet until last year, no one had read it in English
Can instilling a sense of entrepreneurship in pupils have a positive effect on their learning?

The school that means business

Richard Garner heads to Lancashire, where developing the 'dragons' of the future is also helping one community academy to achieve its educational goals
10 best tablets

The world in your pocket: 10 best tablets

They’re thin, they’re light, you can use them for work on the move or keeping entertained
Lutz Pfannenstiel: The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents

Lutz Pfannenstiel interview

The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents
Pete Jenson: Popular Jürgen Klopp can reignite Borussia Dortmund’s season with visit to Bayern Munich

Pete Jenson's a Different League

Popular Klopp can reignite Dortmund’s season with visit to Bayern
John Cantlie video proves that Isis expects victory in Kobani

Cantlie video proves that Isis expects victory in Kobani

The use of the British hostage demonstrates once again the militants' skill and originality in conducting a propaganda war, says Patrick Cockburn
The killer instinct: The man who helps students spot potential murderers

The killer instinct

Phil Chalmers travels the US warning students how to spot possible future murderers, but can his contentious methods really stop the bloodshed?
Clothing the gap: A new exhibition celebrates women who stood apart from the fashion herd

Clothing the gap

A new exhibition celebrates women who stood apart from the fashion herd
Fall of the Berlin Wall: Goodbye to all that - the lost world beyond the Iron Curtain

The Fall of the Berlin Wall

Goodbye to all that - the lost world beyond the Iron Curtain