News

Barclays is also poised to axe 400 investment bank jobs on top of the 1700 it announced a year ago in a bid to slash costs

Jim Armitage: Raising a glass to the king of the deal makers

Outlook Time for a final toast to Diageo's Paul Walsh. You may not have liked his penchant for big-game hunting in Africa, or that elephant-sized £18m pay-off, but his palate for a right-priced deal was second to none. Few chief executives, bar perhaps Sir Chris Gent at Vodafone, have so framed the shape of a major British business today with clever deal making.

Mitch Feierstein: Firms too big to fail before, like JPMorgan, are bigger now – and not any safer

City View: Bankruptcies are integral to capitalism, like forest fires, clearing underbrush to allow renewed growth

Vodafone's millionaire banker, Simon Warshaw, quits UBS

One of the best-paid bankers in Britain quit UBS last night just weeks after fuelling his bonus by advising on Vodafone's $130bn (£81bn) sale of its Verizon division.

Jamie Dimon, JP Morgan's chairman and chief executive, apologised for initially dismissing the affair as

JP Morgan fined £570m over ‘London Whale’ trading losses

Wall Street Bank agrees to make payouts to four regulators in compensation for derivative losses in 2012 costing $6.2b

Two City high-fliers take pay cuts for Lloyds and RBS sell-off roles

Two of the City's best-known dealmakers are to oversee the sale of its stakes in Lloyds Banking Group and Royal Bank of Scotland.

Former RBS banker is jailed for hiding losses

A former Royal Bank of Scotland banker who racked up £19.5m losses, then admitted to committing fraud trying to hide them at the British taxpayer-owned bank, was yesterday jailed for 50 months.

Banks set for a fee bonanza as Twitter goes public

Goldman Sachs likely to be the big winner from social media’s hotly anticipated IPO 

Ex-RBS banker Shirlina Tsang is jailed for covering up £19.5m losses

A former Royal Bank of Scotland banker who ran up £19.5 million losses, then admitted to committing fraud trying to hide them at the British taxpayer-owned bank, was today jailed for 50 months.

Blackstone set to relaunch Hilton as a public company

One of the largest leveraged buyouts of the pre-crisis era is about to come full circle, after the private-equity group Blackstone yesterday gave notice of plans to bring Hilton back to the stock markets as it looks to take advantage of the revival in the hotel industry.

Sweet and sour … Primark stars for ABF while sugar prices look sticky

The discount fashion chain Primark is outperforming its peers but sugar is starting to look a bit sticky, Associated British Foods said yesterday.

The $10m-revenge of Paul Taubman, the man Morgan Stanley didn’t choose

James Gorman must be feeling like the publisher who turned down JK Rowling.

What the Sunday papers said

The Independent on Sunday: Outsider threat to Network Rail man’s tilt for top job

Network Rail veteran Simon Kirby faces an uphill struggle to replace Sir David Higgins in the top job at the state-backed track and station operator, as an external candidate is said to have emerged as a heavy favourite. Mr Kirby has strong support among several non-executive directors, but chairman Richard Parry-Jones, an ex-Ford executive, is believed to have identified a strong, unnamed candidate from the car industry.

Goldman Sachs’s UK profits take a tumble

Goldman Sachs’ London operation has seen pre-tax profits slump 60 per cent to $335m (£216m) in the first six months of the year.

A view of Elland Road

Leeds deny plans to ban alcohol at Elland Road

Claims that ban would be introduced to reflect beliefs of Muslim owners rubbished by Championship side

Slavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks

Young German worked until 6am for three consecutive days before collapse at home in east London    

Sport
footballLIVE City face Stoke, while Warnock returns to Palace dugout
Arts and Entertainment
The Doctor and the Dalek meet
tvReview: Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Arts and Entertainment
books
Life and Style
3D printed bump keys can access almost any lock
gadgets + techSoftware needs photo of lock and not much more
News
i100
Arts and Entertainment
Inside the gallery at Frederick Bremer School in Walthamstow
tvSimon Usborne goes behind the scenes to watch the latest series
Life and Style
Silvia says of her famous creation: 'I never stopped wearing it. Because I like to wear things when they are off the radar'
fashionThe fashion house celebrated fifteen years of the punchy pouch with a weighty tome
Arts and Entertainment
Gregg Wallace in Summer's Supermarket Secrets
tv All of this year's 15 contestants have now been named
News
i100Steve Carell selling chicken, Tina Fey selling saving accounts and Steve Colbert selling, um...
Life and Style
A picture taken on January 12, 2011 shows sex shops at the Paris district of Pigalle.
newsThe industry's trade body issued the moratorium on Friday
Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference