News

The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

BT chief Ian Livingston quits to join Coalition Government as Gavin Patterson is brought in

Ian Livingston has been lured from helm of BT to become David Cameron's Trade minister, banging the drum for UK exports and inward investment.

James Moore: Bt's Ian Livingston times exit well while the going is good

Outlook One of the key skills for a chief executive is getting the timing of your departure right. Ideally, you want to ensure a successor has six months in the job with a couple of decent trading statements before any serious problems emerge.

BT chief executive Ian Livingston, who will be appointed to the Government as trade minister

Gavin Patterson replaces BT chief Ian Livingston after he quits to take on role as Government trade minister

Former chairman and chief executive of HSBC Lord Green to stand down

Market Report: Finance shares hit by ECB growth cut

A widespread market sell-off, prompted by a growth forecast cut from the European Central Bank, left the UK's financial stocks at the bottom of the pile yesterday. But the City marked out one notable exception: scribblers at HSBC reckon Michael Spencer's interdealer broker Icap is worth a look.

HSBC in dock for 'flouting US laws on mortgage foreclosures'

HSBC failed to comply with New York state laws that give homeowners facing foreclosure an early shot at negotiating a settlement, thus putting them at greater risk of losing their homes, the state's attorney general alleged in a new case against the bank yesterday.

When the Money Runs Out, By Stephen D King. Yale, £20. The Growth Map, By Jim O'Neill. Portfolio Penguin, £10.99

We call it globalisation and it is one of the two great economic stories of our time: that shift of economic power from the old developed world to the new emerging one. The other story is the nasty economic cycle we have just experienced. The two stories are linked because the failures of Western economic management that exacerbated the last recession have sped up the power shift.

Spotlight On: HSBC's tracker mortgage

The deal

Ex-spy boss Sir Jonathan Evans to help HSBC in fight against financial crime

Bank hires former head of MI5 to clean up its act after being fined by US authorities

Ex-HSBC executive Niall Booker parachuted in to sort out Co-op

The veteran HSBC banker Niall Booker has been made chief executive of the struggling lender The Co-operative Bank.

Niall Booker named as new Co-operative bank chief

Senior HSBC banker Niall Booker is to become chief executive of the troubled Co-operative Bank and deputy chief executive of the Co-operative Group, it was announced today.

Bill Oddie is to question HSBC about connections to deforestation in Borneo

HSBC reviews logging policy as Bill Oddie film sparks petition

Bank launches audit as outcry grows over links to Malaysian logging companies

New blows shake hopes for UK economic recovery as IMF delivers warning to George Osborne

Slumping High Street sales and halting progress in cutting the deficit dampened hopes of green shoots for the British economy today.

Market Report: Success in retail not always a good thing

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

John Thornton quits HSBC board

John Thornton, the former Goldman Sachs president who specialises in Chinese affairs, is stepping down from the board of HSBC to spend more time on his other business interests.

The Business Matrix: Tuesday 21 May 2013

Abenomics strategy pays off

Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine