News

Some Bank of England regulators wanted lenders to be forced to raise even more fresh capital than the £25 billion they were told to produce last week, minutes from the latest meeting of the financial policy committee indicate.

City & Business: Barclays rides storm

When Barclays announced 10 days ago that it was flogging part of BZW, the cry went up that the last best hope of British merchant banking was being destroyed. Now the dust has settled a bit, it is clear that the normally sure-footed Barclays chief, Martin Taylor, has made a mess of the sale.

BZW sale could be hindered by exodus

Fears were growing yesterday that Barclays will fail to retain key staff at BZW for long enough to finalise a satisfactory sale of the investment bank's equities and corporate finance arms. Tom Stevenson, Financial Editor, reports.

BZW businesses for sale as Barclays gives up global ambitions

Barclays abandoned its ambition to be a global player in investment banking yesterday, putting BZW's equities and corporate finance businesses up for sale. Tom Stevenson, Financial Editor, reports on the bank's change of heart.

Outlook: What happened to vision and ambition?

This has been a bad week for the global ambitions of corporate Britain. BT's plans to merge with MCI of the US and join the super-league of world telecom companies are pretty much dead in the water following the counter-bid from WorldCom, while Barclays, our last hope of a British- owned global investment bank, yesterday announced that it was throwing in the towel.

Barclays set to reveal the sale of BZW to a foreign buyer

Staff at BZW have been summoned to an early morning meeting today to be told that the investment bank is to be sold to a continental buyer. Tom Stevenson and Lea Paterson report on a volte face by its parent, Barclays.

Why my blow for women was bad for the poor

polly toynbee on tax and marriage

Football: Confident Watford take a grip on proceedings

Watford 2 Wycombe Wanderers 1

Cockburn walks out early

Bill Cockburn, the WH Smith chief executive whose shock decision to quit the ailing retailer was announced in June, has already left the business. Mr Cockburn was supposed to remain at the company until October, when he joins BT as head of its domestic operations. But Mr Cockburn left at the beginning of August. He was entitled to a full month of holiday but will not return during September.

Why government and business don't really mix

'No right-thinking person would these days feel comfortable with the idea of un-elected trade unionists running the country. Why should we feel any happier if it is businessmen pulling the levers of power?'

There's no New Deal for women Woman's lot is still a forgotten one

Diane Coyle fears a 'laddish' Budget which looks set to ignore the needs of half the population

Brown's radical Budget

Gordon Brown will signal a long-term overhaul of the tax and benefit systems in next Wednesday's Budget. He will also announce radical plans to reshape the entire Budget process.

Global Markets: Eastern Europe - Young and Volatile

Investing in this region is fine for people with strong constitutions and nerves of steel, writes Abigail Montrose

Man from the Pru to lead welfare-to-work team

The chairman of the Prudential insurance group, Sir Peter Davis, is to head the task force that will oversee Labour's welfare-to-work programme, it emerged last night.

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How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map
Lionel, Patti, Burt and The Who rock Glasto

Lionel, Patti, Burt and The Who rock Glasto

This was the year of 24-carat Golden Oldies
Paris Fashion Week

Paris Fashion Week

Thom Browne's scarecrows offer a rare beacon in commercial offerings
A year of the caliphate:

Isis, a year of the caliphate

Who can defeat the so-called 'Islamic State' – and how?
Marks and Spencer: Can a new team of designers put the spark back into the high-street brand?

Marks and Spencer

Can a new team of designers put the spark back into the high-street brand?
'We haven't invaded France': Italy's Prime Minister 'reclaims' Europe's highest peak

'We haven't invaded France'

Italy's Prime Minister 'reclaims' Europe's highest peak
Isis in Kobani: Why we ignore the worst of the massacres

Why do we ignore the worst of the massacres?

The West’s determination not to offend its Sunni allies helps Isis and puts us all at risk, says Patrick Cockburn
7/7 bombings 10 years on: Four emergency workers who saved lives recall the shocking day that 52 people were killed

Remembering 7/7 ten years on

Four emergency workers recall their memories of that day – and reveal how it's affected them ever since
Humans: Are the scientists developing robots in danger of replicating the hit Channel 4 drama?

They’re here to help

We want robots to do our drudge work, and to look enough like us for comfort. But are the scientists developing artificial intelligence in danger of replicating the TV drama Humans?
Time to lay these myths about the Deep South to rest

Time to lay these myths about the Deep South to rest

'Heritage' is a loaded word in the Dixie, but the Charleston killings show how dangerous it is to cling to a deadly past, says Rupert Cornwell
What exactly does 'one' mean? Court of Appeal passes judgement on thorny mathematical issue

What exactly does 'one' mean?

Court of Appeal passes judgement on thorny mathematical issue