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.

The new BBC

...and they've got nothing to do with broadcasting. Be introduced to the commercial minds behind the Prime Minister, otherwise known as Blair's Business Circle
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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
A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on
It's the best of British art... but not all is on display

It's the best of British art... but not all is on display

Voted for by the British public, the artworks on Art Everywhere posters may be the only place where they can be seen
Critic claims 'I was the inspiration for Blanche DuBois'

Critic claims 'I was the inspiration for Blanche DuBois'

Blanche Marvin reveals how Tennessee Williams used her name and an off-the-cuff remark to create an iconic character
Sometimes it's hard to be a literary novelist

Sometimes it's hard to be a literary novelist

Websites offering your ebooks for nothing is only the latest disrespect the modern writer is subjected to, says DJ Taylor
Edinburgh Fringe 2014: The comedy highlights, from Bridget Christie to Jack Dee

Edinburgh Fringe 2014

The comedy highlights, from Bridget Christie to Jack Dee
Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

The woman stepping down as chair of the Heritage Lottery Fund is worried