News

My Week If there was any justice in the financial world, the people who run the big debt rating agencies would be hanging from lamp-posts along with the investment bankers for the way in which their activities contributed to the 2008 financial crash. But they emerged pretty well unscathed, barring a few uncomfortable sessions before congressional committees. Politicians threatened all sorts of legislative nasties at the time, but it turned out to be all sound and fury signifying not very much.

Italy passes market test after Moody's downgrade

Italy passed a tough market test today as its three-year borrowing costs fell well below 5 per cent at an auction hours after Moody's cut the country's rating to two notches above junk status.

Barclays credit rating outlook downgraded ahead of banking inquiry debate

A leading credit ratings agency today downgraded Barclays’ outlook to negative in the wake of Bob Diamond's resignation and continuing turmoil at the bank.

Blow for Santander UK as it faces a reduction in credit rating by Moody's

The British arm of Spanish banking giant Santander yesterdayday suffered a blow as it faced a downgrade by a leading credit-ratings agency.

Stephen Foley: Moody's will tighten the vice on bank downgrades

US Outlook: Arbitrary! Backward looking! Completely unwarranted! Complaining by the banks downgraded by Moody's started the second the rating agency's actions hit the wire late on Thursday night. Citigroup sounded especially aggrieved at the two-notch cut to its credit rating, but all the affected institutions rushed out statements to assert that they have never been safer.

Moody's downgrade for UK banks raises fears of credit crunch

Some of the world's biggest banks – including Barclays, HSBC and Royal Bank of Scotland – had their credit ratings downgraded last night as a result of the eurozone crisis.

Banks fear Moody's credit rating cut

Some of Britain's biggest banks are reportedly facing credit rating cuts as early as tonight in a move which will stretch lenders' already taut finances.

EU credit rating reform in tatters

Commissioner Michel Barnier is forced to step back from plans to make bond-issuers rotate agencies

Borrowing blowout highlights Osborne's challenge

A Budget-day borrowing blow for Chancellor George Osborne yesterday underlined the scale of his deficit-cutting task despite slightly better news on growth from his independent forecaster.

Agencies still refuse to say sorry for role in financial crisis

The world's biggest credit ratings agencies came under heavy fire yesterday when they repeatedly refused to apologise to MPs for the debacle over toxic mortgage-backed securities which triggered the financial crisis.

Ratings agencies still refuse to say sorry for helping to cause the financial crisis

The world's biggest credit ratings agencies came under heavy fire yesterday, as they repeatedly refused to apologise to MPs for the debacle over the toxic mortgage-backed securities that triggered the global financial crisis.

James Moore: This is Osborne's chance to clamp down on stupidity in the public sector

Outlook Did George Osborne just get a little bit of breathing room? Yesterday's public sector borrowing figures contained some welcome news for the Chancellor. January is traditionally a month in which the Government pays back a bit of what it owes, but the £7.75bn returned to creditors this time around was better than most forecasters had expected and well ahead of the £5.2bn surplus recorded in January 2011.

Simon English: Moody's six years too late with its alert on RBS

Outlook The prize for the stupidest thing said about banks yesterday – it was a cut-throat day in an always competitive field – came from Moody's.

James Moore: Should we care what Paris Hilton thinks of our party?

The fact that the UK has so far escaped any hint of a credit downgrade has long been cited by the Coalition to support its preferred combination of spending cuts and tax rises to deal with the budget deficit. For goodness sake stop complaining about your hospital closing: Britain's still a AAA nation (Aa1 or somesuch in Moody's speak).

James Moore: Should we really care what Paris Hilton thinks about our party?

Outlook The fact that the UK has so far escaped any hint of a credit downgrade has long been cited by the Coalition to support its preferred combination of spending cuts and tax rises to deal with the budget deficit. For goodness sake stop complaining about your hospital closing: Britain's still a AAA nation (Aa1 or somesuch in Moody's speak).

Leading article: Not much economic wriggle room

The shadow Chancellor claims that Moody's decision to place Britain's triple-A credit rating on "negative outlook" proves that the Government is cutting too far, too fast. Meanwhile, George Osborne insists that the agency's warning shot – suggesting a one-in-three chance of a downgrade to come – is a "reality check" that reinforces his commitment to cutting national debt.

News
John Travolta is a qualified airline captain and employed the pilot with his company, Alto
people'That was the lowest I’d ever felt'
Life and Style
healthIt isn’t greasy. It doesn’t smell. And moreover, it costs nothing
Sport
Jonas Gutierrez (r) competes with Yaya Toure (l)
football

Newcastle winger is in Argentina having chemotherapy

Arts and Entertainment
Blossoming love: Colin Firth as Stanley and Emma Stone as Sophie, in 'Magic in the Moonlight'
film

Actors together in Magic in the Moonlight: Woody Allen's 1920s romance

News
peopleThe Times of India said actress should treat it as a 'compliment'
News
news

Watch this commuter wage a one-man war against the Circle Line
News
We are phenomenally good at recognising faces; the study showed that humans have been selected to be unique and easily recognisable
science

Human faces unique 'because we don't recognise each other by smell'

Arts and Entertainment
You've been framed: Henri Matisse's colourful cut-outs at Tate Modern
artWhat makes a smash-hit art show?
Property
Home body: Badger stays safe indoors
lifeShould we feel guilty about keeping cats inside?
News
A male driver reverses his Vauxhall Astra from a tow truck
news

Man's attempt to avoid being impounded heavily criticised

Career Services

Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – MS Swiss Corona from £949pp
Dubrovnik, the Dalmatian Coast & Montenegro from £799pp
Provence from £599pp
Apulia, Lecce and Vieste – Undiscovered Italy from £899pp
Pompeii, Capri and the Bay of Naples from £759
Classical Spain from £539pp
Prices correct as of 12 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