Next and WH Smith were victims of their own success as scribblers at Nomura downgraded the pair.

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The HSBC bonus pool was cut by 12% from $4.2 billion to $3.7 billion

Outrage as HSBC hands £2m bonus to chief Stuart Gulliver after fine in US

Two hundred are paid more than £1m despite sanctions-busting exposure

James Moore: Precious little humility from those at the top despite banks' misdeeds

Outlook. Plus: Swiss show the way and block an escape route

HSBC set to unveil one of the biggest profit hauls in UK banking history with announcement of £15.6bn profits

Stuart Gulliver is expected to receive a bonus of around £2 million as part of a total pay and benefits package reportedly worth between £6 million and £7 million for 2012

HSBC chief executive sees bonus slashed

Stuart Gulliver, the boss of HSBC, will see his pay slashed from a maximum £12.5m in the wake of the bank's £1.5bn US fines for acting as a conduit for drug money and sanctions-busting.

Spotlight On: HSBC's fixed rate mortgage

The deal

Boost for City as Sir Mervyn King does currency swap deal with Bank of China

The Bank of England today took a crucial step towards boosting the City as a centre of trading in the Chinese renminbi after agreeing a currency swap deal with the Bank of China.

Regular savings accounts are not offering much more interest than piggy banks at the moment

Savvy Money: Help to find a home for rainy-day cash

With interest rates on accounts so low, it pays to be disciplined about monthly savings

Knight Vinke gets seat on Darty board

The activist investor Knight Vinke has forced its way on to the board of the electricals retailer Darty, which yesterday issued a profits warning.

Knight Vinke grabs seat on Darty board

Activist investor Knight Vinke has forced its way onto the board of the struggling electricals retailer Darty, which today issued a profits warning.

Suspended sentence for rape threats

A pensioner threatened to rape female staff at a bank and members of their families if he was not paid £150,000.

Terrorists and drug lords targeted HSBC, bosses admit

The top two executives at HSBC today admitted it had become a target for international terrorists and cocaine barons as they sought to insist that Britain’s biggest bank was in the midst of serious reform.

Ask the City minister a silly question about banking reform... expect multiple answers

No one compares their innocent Co-op cashier with predatory fat cats like Sir Fred Goodwin or Bob Diamond

Not enough Mandarin is taught in UK schools, claims report

Too few schools are teaching Mandarin Chinese, hampering young people's prospects and putting the UK economy at risk, it was suggested today.

What the Sunday papers said

Royal Bank of Scotland has moved to calm investor fears over the future of its chief executive Stephen Hester, as chairman Sir Philip Hampton privately promised shareholders Mr Hester will stay well into next year. The news comes as the taxpayer-owned bank is expected to be hit with a £500m fine by US and UK regulators this week, just as it pays bankers £250m in bonuses.

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'There is a battle going on inside us that is never discussed'

Masculinity in crisis?

'There is a battle going on inside us that is never discussed'
Have US shock jocks gone too far?

Have US shock jocks gone too far?

An incendiary remark from Rush Limbaugh may be the beginning of the end for outspoken right-wing US broadcasters
The ‘Beverly Hills’ of Surrey pays more income tax than big cities of the North

The ‘Beverly Hills’ of Surrey

Elmbridge pays more income tax than big cities of the North
Heavenly Bodies

Heavenly Bodies

Michael Landy's artistic marriage made in heaven... and hell
'He will always be a friend': Jackie Stewart backs Polanski

'He will always be a friend'

Jackie Stewart backs Roman Polanski
The price of pacifism: Refusing to go to war is finally being recognised as a brave act

The price of pacifism

From the Second World War refusenik to the 19-year-old Israeli, Holly Williams talks to five people who risked shame and suffering to take a stand as conscientious objector.
'It was mass hysteria': Jason Isaacs on groupies, theatre bores and snogging James Bond

Jason Isaacs: Groupies, theatre bores and James Bond

To millions, Jason Isaacs is one of Harry Potter's arch enemies – but his wife prefers him as a Scottish TV detective.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?

Sealand: 'Micronation' or illegal fortress?

Thomas Hodgkinson spent a week at the tiny platform off the Suffolk coast to find out.
Not a bad bone: Mark Hix cooks with cutlets and ribs

Mark Hix cooks with cutlets and ribs

If you ignore cutlets and ribs, you'll risk missing out on some delicious and easy meals, says our chef.
The experts' guide to summer: From getting fit for the beach to recreating that Olympic buzz

The experts' guide to summer

From getting fit for the beach to recreating that Olympic buzz
Sex, drugs and fast cars: The legend of James Hunt has set Hollywood hearts racing

Legend of James Hunt has set Hollywood hearts racing

Early glimpses of Ron Howard's film Rush suggest it will portray Hunt as a high-living lothario, with an insatiable appetite for partying.
Macklemore: 'I don't have moderation when using drugs and alcohol. It was hurting my life'

Macklemore: 'I don't have moderation'

The next Vanilla Ice or the next Eminem? Macklemore doesn't have a record contract – but he does have the UK's biggest-selling single of the year.
Don't be shy: Bill Granger's Sri Lankan recipes

Don't be shy: Bill Granger's Sri Lankan recipes

Sri Lankan cuisine is light, sunny, wonderfully spiced – and so easy to cook from scratch. Just as soon as you've broken into the coconut, that is.
Sir James Dyson’s latest project: Cleaning up hospitals

Sir James Dyson’s latest project: Cleaning up hospitals

Doctors are hailing the revamp of a Bath neonatal unit, where babies sleep more and feed better, as the model for patient care
One man returns to Argentina's town that drowned

One man returns to Argentina's town that drowned

Epecuen was submerged under 10 metres of water in 1985. Now the floods have gone – and 83-year-old Pablo Novak has moved back in