A Parliamentary inquiry into the performance of the Bank of England during the financial crisis should be ordered immediately, MPs said last night, after the Bank's Governor Sir Mervyn King made the surprise statement that he would be happy to co-operate with such a probe.
Owen Jones: The Coalition has failed. There is an alternative. Can Ed Miliband be its champion?
Friday 27 April 2012
It's up to the Labour leader to offer the country a coherent Plan B
Ready for their close-up: The Near and the Elsewhere exhibition
Friday 09 March 2012
Those of us who imagined that the perfect lives in The Truman Show constituted a glimpse of the future could have no better reality check than The Near and the Elsewhere, a potent exhibition of visual artworks at the PM Gallery at Pitzhanger Manor, Ealing, London. These unsettling freeze-frames – by turns surreal, mysterious, or coruscatingly depressing – are like slides from some urban-cum-architectural pathology lab.
Simon English: No sympathy for troubled inventor of schemes to beat the taxman
Thursday 01 March 2012
If you were seeking an accountant, would you hire one that has just blown a £12m black hole in its own accounts? RSM Tenon, the number crunchers with the dodgy calculator, said yesterday that a review of the group's finances had revealed "significant errors".
Carlyle cashes in with ATMs sale to Japanese rival
Wednesday 15 February 2012
The US private-equity firm Carlyle is set to almost double its money by selling UK cash systems and automatic teller machines business Talaris to a Japanese rival in a deal worth £650m.
100 London bankers sue Germans over unpaid £42m in bonuses
Saturday 21 January 2012
More than 100 London bankers will next week go to the High Court to sue German banking giant Commerzbank over €50m (£42m) in unpaid bonuses.
Ben Chu: It was lobbyists' influence that fostered this crisis
Wednesday 11 January 2012
David Prosser: The disproportionate damage banks can do
Wednesday 31 August 2011
Outlook Having written at length in yesterday's Independent about why there should be no delay in implementing the reforms about to beproposed by Sir John Vickers' Independent Commission on Banking, there is no need to dwell for too long on CBI boss John Cridland's assertion that to introduce them at a such a delicate moment in the economic cycle would be "barking mad".
David Prosser: Derivatives timebomb is still ticking
Thursday 25 August 2011
Outlook Three years after the collapse of Lehman Brothers and AIG, regulators still have not found a way to keep track of the opaque derivatives market that paralysed the world's financial system in the wake of those corporate disasters.
Sean O'Grady: Even grim scenarios are optimistic
Friday 19 August 2011
while not on the scale – yet – of the panic that gripped the financial world in the aftermath of the failure of Lehman Brothers in
UK banks ordered to draw up 'living wills'
Wednesday 10 August 2011
Banks were yesterday told they could be forced to tear up their bonus plans and conduct fire sales of assets if they run into the sort of difficulties faced by many during the financial crisis in future.
Lehmans Dante flip appeal flops
Thursday 28 July 2011
The Supreme Court has unanimously upheld previous UK rulings that creditors should have priority in Lehman Brothers' $12bn (£7.4bn) "Dante" programme of CDOs, which one judge described as "of a purgatorial complexity".
Baby whisperer: Crying out for sleep
Tuesday 28 June 2011
Stephen Foley: Greece is not Europe's Lehman Brothers
Saturday 25 June 2011
US Outlook: There is a cliché emerging on this side of the Atlantic, which we should nip in the bud, that the threatened Greek government debt default is "Europe's Lehman Brothers". I'm as prone to the imperfect analogy as the next reporter, but raising unnecessary alarm in volatile financial markets will not do. It is also an insult to history.
Barclays to appeal $2bn payment to Lehman Bros
Wednesday 08 June 2011
Barclays will appeal a US court ruling that it must turn over $2bn (£1.2bn) in cash to the estate of bankrupt Lehman Brothers, whose broker-dealer business it bought at the height of the stock market panic in 2008.








