News

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

Employers have accused Labour leader Ed Miliband of putting jobs at risk by targeting a 'perfectly legal' loophole used to exploit cheap foreign labour

PMQs: For Miliband, it's no more Mr Quiet Guy

This week's session marked a return to combat as usual

Top bankers hit back at Ed Miliband's bank shake-up plans

Labour sources denied reports that Miliband will propose a 25% cap on market share, but refused to say what limit he might suggest

Derby-based Direct Help and Advice has accused RBS of costing it at least £150,000 by mis-selling an interest rate hedging product to support its mortgage loans

Debt charity warned future in doubt after RBS uses stalling tactics to major mis-selling claim

A debt charity has warned its future is in doubt after the Royal Bank of Scotland used stalling tactics to avoid sorting out a major mis-selling claim.

The Business Matrix: Monday 13 January 2014

Asos expands into Russia and China

New closure threat for local bank branches

Local bank branches are facing fresh risks of closure, according to Derek French of the Campaign for Community Banking Services.

Market Report: Happy Christmas sales at the grocers deliver gains for Ocado

As the supermarkets kicked off their Christmas reporting yesterday the expected sales bloodbath failed to materialise – leaving Ocado the big winner.

2013 - the business year in review: Happy days may be on their way

The scandals continued, but the main message the City took home from 2013 was that the good times are back

Mr Tomlinson said that many of the new cases also related to RBS and its Global Restructuring Group (GRG)

‘Horror stories’ pile up as another 450 firms complain about banks

Lawrence Tomlinson, author of the inquiry which cited evidence that RBS had deliberately destroyed companies to make a profit, said on Thursday he has received another 450 cases since his report was published at the end of November. Mr Tomlinson, entrepreneur in residence at the Department for Business, Innovation and Skills, added that many of the new cases also related to RBS and its Global Restructuring Group (GRG).

The FCA racks up a record total of £472m in fines in its first year

FCA will take action where the expected standards are not met

What the Sunday papers say

Independent on Sunday: Duke may be called as witness in property deal

The Duke of Westminister could be called as a witness in a multimillion-pound legal wrangle over a house he sold in London’s Eaton Square, in 2007. The house was sold on in 2010 for £20.5m, and the proceeds from that 2010 sale have been frozen by a court order. There is no suggestion of wrong-doing on the part of the Duke.

John Hourican has given himself five years to rescue the bank

John Hourican: The $1 trillion was our main worry, not Libor fixing

He resigned as head of RBS's investment bank. Now at the Bank of Cyprus, he tells Nick Kochan how the City treated him

Jim Armitage: Crazy money for bricks and mortar – that we paid for

Outlook Lord Kirkham, King of Sofas, provides us with a tale for our times.

Sir Richard Lambert has been told he can do a lot worse than to follow the example of the CFA Institute

Bankers must try getting rich slowly, for a change

As City veteran Sir Richard Lambert grapples with a new standards regime for the financial industry, Robert Jenkins, a former member of the BoE's banking watchdog, offers advice in an open letter

Outlook: Reformers should look at £38bn bung from taxpayer to the banks

That the Banking Reform Bill is a worthwhile effort is largely thanks to the efforts of Andrew Tyrie and his colleagues on the Parliamentary Commission on Banking Standards.

A £38bn ‘subsidy’ for Big Four hits small banks

Think tank warns reforms do not go far enough to tackle problems in the UK

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