News

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

HSBC joins £12bn Help to Buy plan with bank to offer mortgages worth up to 95%

HSBC provided a major boost to the Government's Help to Buy scheme when it confirmed that it would begin offering mortgages worth up to 95 per cent of property values under the initiative.

MPs criticise George Osborne’s £12bn Help to Buy plan for risking housing bubble and distorting recovery

George Osborne’s £12bn scheme to help first-time buyers could backfire by creating a housing bubble and distorting the economic recovery, MPs warned the Chancellor last night.

Jim Armitage: RBS needs to reveal all over that Corsair sale

Outlook Expect much mud-slinging around the Royal Bank of Scotland's sale of 314 branches.

James Moore: New RBS boss is free to focus on the customer

Outlook Welcome to the jungle, Ross McEwan, who got his feet under the boss's desk at Royal Bank of Scotland just as the Bank of England promised stringent stress tests in its newly appointed role as a badass regulator.

Banks braced for tough new regime of annual stress tests

UK banks will face annual stress tests for the first time to see if they could survive a major collapse in financial markets or the economy, the Bank of England said today.

RBS chief executive Ross McEwan: Welcome to the toughest job in UK banking

James Moore outlines five major challenges for the new man in the hot seat
Michael Spencer’s company has been fined £55m

Heat raised on Tory donor as Libor fixing file is passed to SFO

Criminal charges could be a possibility for brokers who worked  for Michael Spencer

Icap is run by former Conservative party treasurer Michael Spencer

'Let's discuss kickbacks over lunch': Tory donor's firm fined £55m over Libor fixing

Traders' emails reveal shocking conspiracy at Icap, the financial company owned by former Conservative treasurer and prominent party donor Michael Spencer - now bankers face 30 years in jail

James Moore: US regulators set to give banks another battering

Outlook For a country that espouses free wheelin' capitalism, red in tooth and claw, the US has a surprisingly large number of regulators.

The Business Matrix: Monday 23 September 2013

Independence is the big question

Full-scale RBS split into ‘good and bad bank’ to be rejected

Long-delayed Treasury report set to be released after the Tory conference

Anthony Hilton: Vernon Hill’s root and branch approach leaves Metro Bank blooming

Bank has 20 branches and plans to open a new one roughly every month to bring the total to about 200

The Business Matrix: Friday 20 September 2013

Billabong keeps head above water

The Business Matrix: Thursday 19 September 2013

Santander vows to help business

RBS boss Hampton in running for GSK chair

Britain's biggest drug maker, GlaxoSmithKline, is set to appoint Royal Bank of Scotland's Sir Philip Hampton as its new chairman.

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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform