News

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

'Stupid and venal' Libor riggers have tarnished the City, says Icap boss

One of the City’s biggest hitters Michael Spencer, founder and chief executive of the international broking giant Icap, today accused a handful of people of tarnishing the City through their Libor rigging antics.

RBS is 80 per cent taxpayer-owned

Libor-rigging scandal: RBS to pay nearly £400m to regulators

Royal Bank of Scotland was today hit with fines totalling £391 million by regulators in the UK and US for its role in rigging the key Libor interest rate market over five years.

James Moore: No cheers for the bean counter or the client

Outlook It's not often that you feel sympathy for a bean counter, but Tuesday almost provided an exception when Cattles announced plans to sue its former auditor PricewaterhouseCoopers.

Editorial: No more gentleman's agreements in the Square Mile

It is not as if any more evidence of shady practices at Britain's banks was needed to illuminate the culture of arrogance, greed and disregard for the law that played so central a part in the financial crisis. Yet still such evidence comes.

Margareta Pagano: If Jenkins wants our trust, he needs to say sorry

The Square Mile: After the latest bombshells, the Barclays CEO cannot expect to regain his bank's tattered reputation unless he says, and does, the right things. Plus: Footsie's joyful January leaves market watchers perplexed

Mis-selling scandal: banks let off the hook

Exclusive: FSA ‘bows to the banks’ with £1.5bn ceiling on payouts

Five Questions About: Platforms

Is this something to do with train stations?

Antony Jenkins, Barclays’ chief executive, said yesterday he would not take any bonus for 2012

Barclays faces further blow to reputation amid warning bank could face criminal charges over 2008 bailout

Barclays is facing yet another blow to its already tarnished reputation after it emerged that the bank could face criminal charges over a 2008 bailout.

Barclays’ chiefs face quiz over Middle East fundraising

Barclays’ chief executive Antony Jenkins and its chairman Sir David Walker will face a grilling by politicians early next week after fresh allegations were made about the bank’s Middle East fundraising in 2008, which enabled it to avoid a Government bail-out.

Barclays faces Qatar lending investigation

Scandal-hit Barclays is reportedly under investigation over allegations it lent Qatar money to invest in the bank in 2008 as part of an emergency cash call to avoid a Government bailout.

Banks face £1.5bn payout for mis-selling interest rate products

Watchdog says that 90 per cent of cases it reviewed showed that rules had been broken

Another rip off by the big four? Barclays, HSBC, Lloyds and RBS 'broke rules' with sales of interest rate hedges to small businesses

Britain’s big four banks suffered another blow today as they were ordered to review all interest rate hedging products they may have mis-sold to small businesses.

The banks are accused of charging up to 18 per cent for loans

Another hefty compensation bill: Banks face new wave of mis-selling payouts

Britain's scandal-hit banking industry was facing another hefty compensation bill today after a review of complex products sold to small businesses found more than 90% had been mis-sold.

Julian Knight: Clear message to insurance industry - offer a better deal

After buying your home, an annuity is probably your biggest financial purchase, but few of us take more than a few minutes to sign on the dotted line when it comes to retirement.

Flurry of complaints from customers sees banks' PPI compensation bills soar

Banks are set to see their compensation bills for one of the country's biggest-ever mis-selling scandals soar after the Financial Ombudsman Service said customer complaints about payment protection insurance (PPI) had more than doubled to 11,000 new claims each week in the last three months of 2012.

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Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas
La Famille Bélier is being touted as this year's Amelie - so why are many in the deaf community outraged by it?

Deaf community outraged by La Famille Bélier

The new film tells the story of a deaf-mute farming family and is being touted as this year's Amelie
10 best high-end laptops

10 best high-end laptops

From lightweight and zippy devices to gaming beasts, we test the latest in top-spec portable computers
Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

The batsman has grown disillusioned after England’s Ashes debacle and allegations linking him to the Pietersen affair
Susie Wolff: A driving force in battle for equality behind the wheel

Susie Wolff: A driving force in battle for equality behind the wheel

The Williams driver has had plenty of doubters, but hopes she will be judged by her ability in the cockpit
Adam Gemili interview: 'No abs Adam' plans to muscle in on Usain Bolt's turf

'No abs Adam' plans to muscle in on Usain Bolt's turf

After a year touched by tragedy, Adam Gemili wants to become the sixth Briton to run a sub-10sec 100m
Calls for a military mental health 'quality mark'

Homeless Veterans campaign

Expert calls for military mental health 'quality mark'
Racton Man: Analysis shows famous skeleton was a 6ft Bronze Age superman

Meet Racton Man

Analysis shows famous skeleton was a 6ft Bronze Age superman
Garden Bridge: St Paul’s adds to £175m project’s troubled waters

Garden Bridge

St Paul’s adds to £175m project’s troubled waters
Stuff your own Christmas mouse ornament: An evening class in taxidermy with a festive feel

Stuff your own Christmas mouse ornament

An evening class in taxidermy with a festive feel
Joint Enterprise: The legal doctrine which critics say has caused hundreds of miscarriages of justice

Joint Enterprise

The legal doctrine which critics say has caused hundreds of miscarriages of justice
Freud and Eros: Love, Lust and Longing at the Freud Museum: Objects of Desire

Freud and Eros

Love, Lust and Longing at the Freud Museum