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.

Bunhill: Troubled banker

IT'S been a tiresome fortnight for Martin Taylor, the new chief executive of Barclays Bank. After nine working days in the saddle, his diary looks something like this. Day two: Brighton businessman announces he was charged pounds 110 by his Barclays bank manager after he (the businessman) took said manager out to lunch and footed the bill. Day three: A survey - hotly contested by the bank - claims Barclays overcharges 43 per cent of its business customers by an average of pounds 963. Day five: Barclays announces 3,000 jobs cuts. Day seven: Barclays revealed as having big exposure to the troubled German group Metallgesellschaft. Day nine: Barclays said to have biggest exposure to risky guarantees to Lloyd's names.

Industry turns to the professionals: Gone is the well-heeled amateur in the old school tie. In the 1990s, the ideal management type in Britain is a battle-hardened pro, honed by fierce competition and two recessions and armed with a university education. Nicholas Faith charts the progress of an industrial revolution

When Martin Taylor, formerly managing director of Court aulds, took over as chief executive of Barclays Bank on 1 January at the tender age of 41, it seemed the ideal of meritocratic management had finally triumphed, even in a notorious citadel of nepotism. (Barclays had for generations promoted members of its founding families to the top jobs.)

Football Round-Up: Ormondroyd's rescue

MORE goals than currants in a mince pie were digested by the 21,000 spectators at Filbert Street yesterday as Leicester City traded strike for strike with Watford, writes Nick Duxbury. Two goals in the last two minutes rounded off a 4-4 draw, with Brian Little's Leicester requiring an Ian Ormondroyd header to pick up a promotion-chasing point against the club fourth from the bottom of the First Division.

Profit warning knocks shares in Courtaulds

SHARES in Courtaulds Textiles slumped 54p to 489p after the company was forced into a second profit warning this year because of deteriorating trading conditions in Europe, writes Neil Thapar.

Football: Byrne lights bright spark

Oxford United. . . .2

Pembroke: Hint of an heir at Hanson

MORE PUFFS of white smoke from the Knightsbridge offices of Hanson, where a new series of board changes sheds a little more light on the possible successor to Lord Hanson.

Football: Pembridge strike stuns the leaders

Charlton Athletic. . .1

City File: Martin Taylor

MARTIN Taylor's appointment as chief executive of Barclays bought much praise for his management style. But Wednesday's half-year results at his old company, Courtaulds Textiles, will show even he is not perfect.

Letter: Pictures of war that are over the top

Sir: Further to the letters from Jane Carmichael and Trevor Harvey (20 August) concerning the possibly staged picture of troops going 'over the top' (18 August), your readers may be interested to know that the Department of Printed Books, Imperial War Museum, has recently re-published the autobiography of Lt Geoffrey Malins, How I Filmed the War.

Change of style at Barclays: Martin Taylor will bring an outsider's approach to the clearing bank. Patrick Hosking reports

FOR close observers of the banking industry, the sartorial signals were puzzling. On Thursday, the day of his appointment as the new chief executive of Barclays Bank, Martin Taylor presented himself to the outside world in a banker's dark suit, traditional striped tie and black brogues.

Bunhill: Martin Taylor

I rush off to the archives when I hear that Martin Taylor, a Lex columnist with the Financial Times from 1978 to 1982, is to be the new chief executive of Barclays. Alas, there is no excoriating attack on the bank in the faded pink pages. Only a niggle in August 1982 over the bank's 'apparent nonchalance' about Third World debt. Lex (aka Taylor) proved prescient. Over the next decade, Barclays proceeded to lose several billion pounds on bad loans to poor countries.

City File: Drugs worry

MEDEVA, the troubled drugs group, will remind shareholders on Tuesday that it is looking for a new chief executive. Bernard Taylor - the former chief executive of Glaxo and no relation to the Martin Taylor who has just joined Barclays - needs to strengthen his board to restore investor confidence.

City: Dynamic duo

HAS Andrew Buxton, executive chairman of Barclays, pulled off a master stroke in appointing a talented young upstart like Martin Taylor to the post of chief executive, or has he signed his own death warrant?

Pembroke: Cadbury taste

It is ironic that the long-awaited splitting of the chairman and chief executive roles at Barclays Bank involves a chain of players for whom the separation of the twin pillars of corporate power has not come easily.

Barclays picks Taylor to lead its recovery: Appointment of Courtaulds Textiles chief ends months of uncertainty over top roles at UK's biggest bank

BARCLAYS Bank has turned to industry to help engineer its recovery, appointing Martin Taylor of Courtaulds Textiles as its new chief executive.
Latest stories from i100
Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

Just when you thought your commute couldn't get any worse...

Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

The Real Stories of Migrant Britain

Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
Cheaper energy on the way, but it's not all sunshine and rainbows

Cheaper energy on the way, but it's not all sunshine and rainbows

Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most
Katy Perry prevented from buying California convent for $14.5m after nuns sell to local businesswoman instead

No grace of God for Katy Perry as sisters act to stop her buying convent

Archdiocese sues nuns who turned down star’s $14.5m because they don’t approve of her
Ajmer: The ancient Indian metropolis chosen to be a 'smart city' where residents would just be happy to have power and running water

Residents just want water and power in a city chosen to be a ‘smart’ metropolis

The Indian Government has launched an ambitious plan to transform 100 of its crumbling cities
Michael Fassbender in 'Macbeth': The Scottish play on film, from Welles to Cheggers

Something wicked?

Films of Macbeth don’t always end well - just ask Orson Welles... and Keith Chegwin
10 best sun creams for body

10 best sun creams for body

Make sure you’re protected from head to toe in the heatwave
Wimbledon 2015: Nick Bollettieri - Milos Raonic has ability to get to the top but he must learn to handle pressure in big games

Nick Bollettieri's Wimbledon files

Milos Raonic has ability to get to the top but he must learn to handle pressure in big games
Women's World Cup 2015: How England's semi-final success could do wonders for both sexes

There is more than a shiny trophy to be won by England’s World Cup women

The success of the decidedly non-famous females wearing the Three Lions could do wonders for a ‘man’s game’ riddled with cynicism and greed
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