News

Government adviser reveals his frustration at talk of bank kindness to zombie businesses

Insurance broking giant fined £7m for mis-selling 'extras'

Britain’s biggest high street insurer Swinton was slapped with a £7.38m fine after it was caught mis-selling “add-on” insurance to more than 650,000 people.

Market Report: Bank guru’s faith causes RBS to leap

Punters with an interest in financial stocks have been avid followers of the banking guru Ian Gordon at Investec, and his latest missive pushed up Royal Bank of Scotland by more than 5 per cent. Mr Gordon’s stance on the taxpayer-owned bank changed from negative – after more than five months as a seller – in March, when he moved to a hold rating. He raised this to a buy earlier in the summer, and now thinks RBS will be a “key beneficiary of last Friday’s strong mortgage data”. (May was the best month since October 2008.)

The former Goldman Sachs trader Fabrice Tourre arrives at the Manhattan Federal Court in New York

Trial under way for ‘Fabulous Fab’ Fabrice Tourre, the Goldman Sachs poster boy for Wall Street greed

Former Goldman Sachs trader Fabrice Tourre is in court over allegations he misled investors

Vince Cable unveils Lib Dems proposal to build up to 25,000 homes but accuses Tories of blocking plans

Business Secretary blames Tories for lack of council houses being built

Money alert: RBS overdrafts

Do you have a current account with Royal Bank of Scotland? Have you ever gone into the red through an authorised overdraft?

The City saw little to fear in George Osborne’s apparent crackdown on the financial sector

Bank shares soar despite George Osborne's apparent 'crackdown'

Investors piled into Britain’s biggest banks today as the City saw little to fear in Chancellor George Osborne’s  apparent crackdown on the financial sector.

The parliamentary commission's report says new rules are required to force City executives to take proper responsibility

Reckless bankers to be jailed as George Osborne backs sweeping reforms of industry

Government to implement tighter control of bonuses in response to Parliamentary Commission's landmark report

Banks face stringent new audit controls

Banks and other financial institutions are set to face a beefed up internal auditing regime under a new code for auditors unveiled today.

Market Report: Chancellor's chop good news for RBS

Axe swinging by George Osborne at Royal Bank of Scotland's (RBS) investment banking arm helped it to achieve top spot on the blue-chip index yesterday.

Donald Macintyre's Sketch: Conservatives of the world,
Unite! Politics just got more difficult for the Opposition

The Tories, baying  at every mention  like a pantomime audience, lapped it up

RBS to announce independent review into its failure to lend to small firms

Royal Bank of Scotland today announces an independent review into its lending to small firms. It will be led by Sir Andrew Large, a former deputy governor of the Bank of England, who will work with the management consultancy Oliver Wyman.

Banks censured over 'pointless' political lobbying

Senior Bank of England officials today delivered a stern rebuke to commercial banks that have been lobbying ministers to water down regulation of the sector.

RBS and Barclays face yet another banking scandal

Barclays, Royal Bank of Scotland and HSBC were yesterday at the centre of yet another investigation by regulators, after European watchdogs said they were among 13 banks charged with shutting exchanges out of the lucrative credit derivatives market.

Credit blow greets new man Mark Carney as small firms suffer

A fresh credit blow for Britain’s small businesses today underlined the stiff task ahead for new Bank of England Governor Mark Carney on his first day in the job.

Margareta Pagano: Let’s hope watchdog boss Andrew Bailey has a bite as bad as his bark

At last the City’s got a watchdog that barks. It’s early days, but Andrew Bailey is proving feisty as the Bank of England’s deputy governor in charge of the Prudential Regulatory Authority, (PRA) the UK’s new banking watchdog.

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Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas
La Famille Bélier is being touted as this year's Amelie - so why are many in the deaf community outraged by it?

Deaf community outraged by La Famille Bélier

The new film tells the story of a deaf-mute farming family and is being touted as this year's Amelie
10 best high-end laptops

10 best high-end laptops

From lightweight and zippy devices to gaming beasts, we test the latest in top-spec portable computers
Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

The batsman has grown disillusioned after England’s Ashes debacle and allegations linking him to the Pietersen affair
Susie Wolff: A driving force in battle for equality behind the wheel

Susie Wolff: A driving force in battle for equality behind the wheel

The Williams driver has had plenty of doubters, but hopes she will be judged by her ability in the cockpit
Adam Gemili interview: 'No abs Adam' plans to muscle in on Usain Bolt's turf

'No abs Adam' plans to muscle in on Usain Bolt's turf

After a year touched by tragedy, Adam Gemili wants to become the sixth Briton to run a sub-10sec 100m
Calls for a military mental health 'quality mark'

Homeless Veterans campaign

Expert calls for military mental health 'quality mark'
Racton Man: Analysis shows famous skeleton was a 6ft Bronze Age superman

Meet Racton Man

Analysis shows famous skeleton was a 6ft Bronze Age superman
Garden Bridge: St Paul’s adds to £175m project’s troubled waters

Garden Bridge

St Paul’s adds to £175m project’s troubled waters
Stuff your own Christmas mouse ornament: An evening class in taxidermy with a festive feel

Stuff your own Christmas mouse ornament

An evening class in taxidermy with a festive feel
Joint Enterprise: The legal doctrine which critics say has caused hundreds of miscarriages of justice

Joint Enterprise

The legal doctrine which critics say has caused hundreds of miscarriages of justice
Freud and Eros: Love, Lust and Longing at the Freud Museum: Objects of Desire

Freud and Eros

Love, Lust and Longing at the Freud Museum