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.

Sport
Luis Suarez and Lionel Messi during Barcelona training in August
footballPete Jenson co-ghost wrote Suarez’s autobiography and reveals how desperate he's been to return
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Voices
Hunted: A stag lies dead on Jura, where David Cameron holidays and has himself stalked deer
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Architect Frank Gehry is regarded by many as the most important architect of the modern era
arts + entsGehry has declared that 98 per cent of modern architecture is "s**t"
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Welcome to tinsel town: retailers such as Selfridges will be Santa's little helpers this Christmas, working hard to persuade shoppers to stock up on gifts
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Soul singer Sam Smith cleared up at the Mobo awards this week
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Laurence Easeman and Russell Brand
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Prices correct as of 17 October 2014
Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker