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.

Warburg directors join million club: Investment bank's figures confirm 1993 as bumper year for high-flyers Profits double to record pounds 297m

TWO DIRECTORS of SG Warburg, the London-based investment bank, were paid more than pounds 1m last year, confirming 1993 as a bumper year for City high-flyers. A third director earned just short of pounds 1m.

Football: Double pitch invasion at New Den delays Derby victory

Millwall. . . . . . . . . . . . . . . . . . . . . .1

View from City Road: Few defenders of executives' pay

Finding non-executive directors prepared to recommend huge salaries for company bosses is a piece of cake, if the growing number of pounds 1m- plus awards is anything to go by. Finding non-executive directors prepared to defend them is, however, rather more difficult.

Sponsors asked to invade D-Day

Leading firms have been approached by the Government to sponsor Britain's D-Day commemorations in an attempt to cover the expected pounds 500,000 costs.

View from City Road: Knives sharpened at Barclays

Martin Taylor, the disconcertingly youthful new broom at Barclays, would be well advised to keep a keen eye over his shoulder.

View from City Road: Interesting plans at Barclays

Management, what management? Barclays, like most of the clearing banks, has been run for years by bankers - many of them over-promoted, few of them skilled in the ways of running large organisations.

Profile: Banking's boy wonder: Derek Wanless - NatWest's chief has a personal touch but a pragmatic vision, says William Kay

BIDDING among the banks for the hearts and minds of the great British public reached its highest level for some years last week after Martin Taylor, Barclays' new and outspoken chief executive, told a television interviewer that 'people do want to spend a lot of time with the old-fashioned bank manager of myth, but they don't want to pay for it'.

European recession depresses Courtauld

RECESSION on the Continent has undermined profits growth at Courtaulds Textiles, the fabrics concern, in spite of strong demand for its Gossard Ultrabra.

Dear Martin Taylor: You plan to make Barclays less stuffy, pompous and snobbish? You need all the help you can get, says an Independent journalist well versed in the ways of banks

You've certainly made a splash in your debut months as chief executive of Barclays Bank. Your admission that parts of the bank were 'stuffy, pompous and snobbish' was admirably frank. You want to make the bank less formal and status conscious, more open to outsiders. Terrific]

View from City Road: Taylor convinces that Barclays is on the mend

In his tour of where Barclays should go, Martin Taylor, the new chief executive, treated analysts to some rare intellectual excitement. After falling initially the shares struggled up to close 8p higher at 510p. That was the right reaction since Mr Taylor was talking a lot of sense.

Leading Article: Thin excuses for fat cats

ONE OF THE guiding principles of Britain's Tory governments since 1979 has been that top people should be well-rewarded. If incentives were sufficient, executives would fly high and create wealth, the argument ran. Their rewards might seem excessive and unfair to ordinary people but they, too, would benefit - in the famous phrase, wealth would 'trickle down'. We know now that this was piffle. Pay packages of pounds 500,000 a year upwards have become commonplace for company directors, yet a fifth of the population is worse off than it was 15 years ago. Far from trickling down, the money has been swilling around in the boardroom trough. The beneficiaries are well-known. Peter Wood, chief executive of Direct Line, the insurance company ( pounds 18.2m); Lord Hanson, chairman of Hanson plc ( pounds 1.3m last year); Bob Bauman, chief executive of SmithKline Beecham ( pounds 2.1m); Michael Green, chairman of Carlton Communications ( pounds 630,000); Martin Taylor, new chief executive of Barclays Bank ( pounds 737,000); Lord Young, former Tory minister and now chairman of Cable and Wireless ( pounds 863,000); Sir Ian MacLaurin, head of Tesco ( pounds 967,000). As one current case shows, even the chief executive of a quite small company can now expect at least pounds 225,000, including bonus, even though the business has plunged, in a few months, from break- even to heavy loss.

Barclays disposes of Australian operation

BARCLAYS is selling its retail banking operation in Australia to concentrate on corporate work through its existing BZW investment banking arm, writes Tom Stevenson.

Customers buy shares in Barclays to protest

A BANK customers' action group has bought 300 Barclays shares and plans to give them to people with complaints against the bank, so that they can join together and ask questions at the annual shareholders' meetings, writes John Willcock.

Sunday Round-Up: The main stories from yesterday's City pages: The Mail on Sunday

Martin Taylor, the 41-year-old new chief executive of Barclays Bank, is to be paid pounds 737,500. He will also be entitled to remuneration from bonus schemes, including a share option scheme, and pension perks.

City & Business: Greener goes back to basics at Guinness

WHO'S in and who's out among Britain's entrepreneurial bosses these days? Gerry Robinson and Michael Green, heads respectively of Granada and Carlton, are definitely in. Martin Taylor is also in high favour, though with less than a month under his belt as chief executive of Barclays, he's yet to show his form.
Voices
On the last day of campaigning before the polling booths open, the SNP leader has written to voters in a final attempt to convince them to vote for independence
voicesIs a huge gamble on oil keeping the First Minister up at night?
Life and Style
tech

Apple has been hit by complaints about the 1.1GB download

Arts and Entertainment
Pointless host Alexander Armstrong will voice Danger Mouse on CBBC
tv

Much-loved cartoon character returns - without Sir David Jason

Arts and Entertainment
Liam Neeson said he wouldn't
tv

Liam Neeson's Downton dreams

Arts and Entertainment
Actor and director Zach Braff
tv

Arts and Entertainment
Rosalind Buckland, the inspiration for Cider with Rosie died this week
booksBut what is it like to be the person who inspires a classic work of art?
Arts and Entertainment
tv

Life and Style
i100

Arts and Entertainment
The former Doctor Who actor is to play a vicar is search of a wife
film

Matt Smith is set to join cast of the Jane Austen classic - with a twist

Arts and Entertainment
Lionel Messi in action for Barcelona
filmWhat makes the little man tick?
Career Services

Day In a Page

Independent Travel
Panama
Languedoc Roussillon
Marrakesh & the Atlas Mountains
Bruges
The Jura Mountains
Dubrovnik & the Dalmatian Coast
Prices correct as of 17 September 2014
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week