News

It was once only a brave investor who’d bet against fashion favourite Asos, but yesterday two City experts called time on the stock.

Mark Carney is relocating form Canad

£250,000-a-year accommodation allowance for new Bank of England Governor Mark Carney

Fresh details of the lucrative financial package required to lure the Bank of England’s first foreign Governor across the Atlantic show that Mark Carney, a Canadian, has landed a housing allowance worth £1.25m over his five-year term.

Market Report: Pace still a runner in race for Motorola

Can a Yorkshire firm keep up with the pace in the bidding war for Google's Motorola set-top box business? The official deadline was last night, and Saltaire-based Pace was said to be up against Georgia-based Arris, France's Technicolor and private equity bidders.

Editorial: Threadneedle Street's new broom

Only four months ago Mark Carney was issuing the flattest of denials that he was interested in becoming Governor of the Bank of England. That he has now accepted the job may mean he had his arm twisted by the Chancellor, George Osborne, which would make his appointment highly political. But this did not prevent the announcement receiving a broad welcome yesterday – including from the shadow Chancellor, Ed Balls.

Anthony Hilton: Banks can keep loans up if they change culture

Every time someone in government suggests the banks would be safer if they held more capital against their loans, the banks say they could only increase their capital by cutting back on their lending. It is one of the ways they routinely scare the government.

Russian giant Megafon tries again with London flotation

Megafon, the Russian telecoms giant controlled by Arsenal's second-biggest shareholder, Alisher Usmanov, confirmed plans yesterday for a London stock market float that could value the business at $14bn (£9bn).

Banks are being run like rigged casinos, says Greg Smith

Banks are worse than casinos, claims Greg Smith, the former Goldman Sachs executive who hit the headlines last year when he said the investment bank treated its clients like Muppets.

Former trader says banks are like gamblers in rigged casinos

Banks are worse than casinos, claims Greg Smith, the former Goldman Sachs executive who hit the headlines last year when he said the investment bank treated its clients like Muppets.

Lawyers for insider trader in unusual bid for leniency

Lawyers for Rajat Gupta, the former McKinsey & Co chief and Goldman Sachs board member whose ascent to the pinnacle of corporate America was only matched by his precipitous fall after being convicted of leaking insider information earlier this year, have made an unusual plea for leniency as he prepares to hear his sentence from a Manhattan judge.

Bonds bolster Citigroup as writedown hits profits

A mammoth, $4.7bn (£2.9bn) writedown drove Citigroup's third-quarter profits down by nearly 90 per cent – but America's third-largest bank still managed to beat Wall Street expectations yesterday thanks to strength in its bond trading business.

Business week in review

In profit...

Simon English: For Shacklock, it's more bad news

Outlook The collapse of the BAE deal is bad news for lots of people, one of whom must be Tim Shacklock.

Tucker odds-on to be named governor after rivals drop out

The Bank of England's deputy governor, Paul Tucker, was installed as odds-on favourite for its top job at the Bank of England yesterday as the applications deadline for Britain's most powerful unelected role passed.

Race for top job at the Bank narrows as three drop out

The deputy governor Paul Tucker was installed as odds-on favourite for the top job at the Bank of England yesterday as the applications deadline for Britain's most powerful unelected role passed.

Hamish McRae: Painful, yes. But we are slowly recovering

What happens next? There is always a sense of unease in August, a feeling that there are autumn storms just around the corner, but this year all has been pushed aside by the triumph of the Olympics. So will those concerns now return with a bang? Or do we just resume the long trudge of correcting the errors of the boom years and wishing we had less of a headwind as we did so?

Jim O’Neill: the world economy is a bit more balanced now

Hamish McRae: At last we're correcting the errors of the boom years

The big question now is whether there has been permanent damage

News
Kim Jong Un gives field guidance during his inspection of the Korean People's Army (KPA) Naval Unit 167
newsSouth Korean reports suggest rumours of a coup were unfounded
Arts and Entertainment
You could be in the Glastonbury crowd next summer if you follow our tips for bagging tickets this week
music
Life and Style
It is believed that historically rising rates of alcohol consumption have contributed to the increase
food + drink
News
people
News
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete tomorrow
News
Piers Morgan tells Scots they might not have to suffer living on the same island as him if they vote ‘No’ to Scottish Independence
peopleBroadcaster has a new role bringing 'the big stories that matter' to US
Arts and Entertainment
Kylie performs during her Kiss Me Once tour
musicReview: 26 years on from her first single, the pop princess tries just a bit too hard at London's O2
Life and Style
Moves to regulate e-cigarettes and similar products as medicines come amid increasing evidence of their effectiveness
healthHuge anti-smoking campaign kicks off on Wednesday
Life and Style
fashionEveryone, apparently
Voices
The erotic novel Fifty Shades of Grey has already been blamed for a rise in the number of callouts to the fire brigade for people trapped in handcuffs
voicesJustine Elyot: Since Fifty Shades there's no need to be secretive about it — everyone's at it
Career Services

Day In a Page

Independent Travel
Apulia
Lake Annecy
Bruges
Walking in Cyprus
Lanzarote
Victoria Falls
Prices correct as of 26 September 2014
Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style