News

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

James Moore: If you really want RBS to start lending to firms, it should be state owned

Outlook The Parliamentary Commission on Banking Standards has, it seems, smelled a rat. It wanted an independent review carried out on whether it might not be a good idea to split RBS into a good bank and a bad bank. The reasoning was that an RBS shorn of its toxic assets should be much freer to support the British economy by lending, particularly to businesses.

Services sector strength ups pressure on Carney

Bank Governor set to defend ‘forward guidance’ policy in face of buoyant data

Nick Goodway - It’s personal: echoes of a heady past in battle for branches of RBS

W&G’s chairman claims it is the only ‘real bid’ in town

Money alert: Credit card insurance

High street banks are being forced to pay compensation of £1.3bn after they were found guilty of flogging useless and unnecessary credit card fraud and identity theft insurance.

Seven million people set to share £1.3bn in compensation for mis-sold card insurance

Banks guilty of selling useless identity theft protection

Customers sold worthless insurance deals will share £1.3bn in compensation payouts

Market Report: Footsie belying data with second downer

The FTSE 100 lost ground for the second time in a row yesterday as fears over the US Federal Reserve slowing the pace of money printing lingered in dealing rooms across the square mile. Although the market rose 10.35 points to 6,493.69, it fell 0.45 per cent during the week, the first two successive weeks of losses since June.

Investment View: Leave Lloyds for now, but consider a slice of RBS

The consensus is that this softly spoken, no-­nonsense Kiwi might be just the ticket for RBS

The Business Matrix: Monday 12 August 2013

Jaguar car plant may be expanded

Ben Chu: Standard Chartered shareholders, beware - the East is no one-way bet

Outlook Standard Chartered is a strong bank because it is well capitalised and generates most of its revenues in fast-growing Asian markets. That's what we're constantly told. But yesterday's half-yearly update should perhaps prompt us to look more closely at some of that conventional wisdom.

Services boost points to British economy achieving ‘escape velocity’

The economy is approaching “escape velocity” after the latest survey snapshot of the dominant services sector pointed to the fastest rate of expansion in more than six years. The Markit/Cips Purchasing Managers Index for services shot up to 60.2 in July, up from 56.9 the previous month. Any figure above 50 signals growth.

The Business Matrix: Saturday 3 August 2013

Ocado co-founder sells £3.3m shares

Anthony Hilton: Bean-counters' retirement plans highlight problem facing bank boardrooms

Three people I met this week who work in the upper echelons of Big Four accounting firms said they intended to retire soon and thereafter find a role as a non-executive director somewhere. They don't much mind what kind of business – provided it is not a bank.

Shares slide gives new RBS boss, Ross McEwan, an uncomfortable welcome

Royal Bank of Scotland's new boss, Ross McEwan, was given a taste of the challenge he faces as the bank's shares slid despite it reporting the first two-successive quarters of profits since its £45bn taxpayer funded bailout.

New RBS boss Ross McEwan to be paid less than predecessor Stephen Hester – and will not take bonus for two years

New Zealander will be paid £1 million – £200,000 less than his predecessor

Career Services

Day In a Page

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
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

The online auction site is still the UK's most popular e-commerce site
Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

'Lack of ethnic minority and black faces on TV is weird'

Culture Minister Ed Vaizey calls for immediate action to address the problem
Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

Magic circles: Artist Olafur Eliasson

Eliasson's works will go alongside a new exhibition of JMW Turner at Tate Britain. He tells Jay Merrick why the paintings of his hero are ripe for reinvention
Josephine Dickinson: 'A cochlear implant helped me to discover a new world of sound'

Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

Shame he doesn't know how to wear one. Harriet Walker explains the dos and don'ts of fanny packs
7 best quadcopters and drones

Flying fun: 7 best quadcopters and drones

From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
Joey Barton: ‘I’ve been guilty of getting a bit irate’

Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home