News

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

RBS no longer a 'bust bank' as it appoints new chief executive Ross McEwan

The 81 per cent taxpayer-owned bank announced swing into profits of £1.4bn under outgoing boss Stephen Hester

RBS set to name Kiwi Ross McEwan as chief executive

The 56-year-old's appointment would see a shift in focus towards retail banking and away from riskier investments

James Ashton: Dictating strategy from despatch box won't help Centrica keep the lights on

Outlook Complaints from senior politicians over profiteering, criticisms that bosses treat customers poorly – the predictable reactions to Centrica's results get more and more like those that afflict the Royal Bank of Scotland.

RP Martin pair in court to hear Libor charges

Two former RP Martin brokers appeared in court yesterday before a trial into the alleged manipulation of the London interbank offered rate.

Market Report: Barclays eyes a £5bn share sale to plug hole

Banks have disappointed government and they have disappointed the public, and yesterday Barclays disappointed the City. This time, the crushing disappointment wasn’t due to mis- selling or big bonuses – Barclays yesterday frustrated the Square Mile when it emerged it will pursue a £5bn-plus rights issue to plug the perceived hole in its balance sheet that the Bank of England’s capital requirements have revealed.

Do watchdogs have  the stomach to take on the likes of Deloitte?

Outlook: Accountancy’s Big Four have the financial clout and the wherewithal to fight their regulator

What the Sunday Papers said…

The Independent on Sunday: Regulator accused of £110m error

The Business Matrix: Monday 29 July 2013

£1m fund to help creative firms

RBS 'casino bank' fined £5.6m over misreporting

Double blow for bank after front-runner for Stephen Hester's job rules himself out

RBS hit with £5.6m fine over reporting failures on 45 million transactions

Taxpayer-backed bank failed to properly report almost 45 million deals on wholesale money markets

James Moore: Why RBS is right to bank on an insider as it seeks its new man at the top

Outlook: An internal candidate like McEwan knows where all the bodies are buried

UBS pays millions to settle US mortgage mis-selling claim

UBS, the Swiss bank that employs thousands of people in the City, has agreed to settle a multimillion-dollar legal case brought against it for selling mortgage-based investments which went bad in the financial crisis.

A sharp hike in the price of aluminium can destabilise the world's economy

Goldman Sachs in spotlight over 'aluminium price-hike' scandal

Financial giant is accused of exploiting rules over metal warehousing in order to manipulate commodity prices

This painting of French artist Lucien Pissarro by J B Manson is worth up to £30,000 and can now be sold to pay for dementia care

Council wins right to sell heirlooms to fund a father’s care

A man has lost his battle to prevent family heirlooms, including a painting by Lucien Pissarro worth up to £30,000, from being seized to fund his father’s care.

Market Report: ECB rule change is good news for RBS

Frankfurt rarely issues diktats that are helpful to the UK’s banks, but yesterday a rule change meant that taxpayer-backed Royal Bank of Scotland was the order of the day for investors. News of a change to the way the European Central Bank views loans on banks’ balance sheets helped RBS up nearly 4 per cent.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 1 May 2015
General Election 2015: Ed Miliband's unlikely journey from hapless geek to heart-throb

Miliband's unlikely journey from hapless geek to heart-throb

He was meant to be Labour's biggest handicap - but has become almost an asset
General Election 2015: A guide to the smaller parties, from the the National Health Action Party to the Church of the Militant Elvis Party

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From Militant Elvis to Women's Equality: a guide to the underdogs standing in the election
Amr Darrag: Ex-Muslim Brotherhood minister in exile still believes Egypt's military regime can be replaced with 'moderate' Islamic rule

'This is the battle of young Egypt for the future of our country'

Ex-Muslim Brotherhood minister Amr Darrag still believes the opposition can rid Egypt of its military regime and replace it with 'moderate' Islamic rule, he tells Robert Fisk
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Why patients must rely less on doctors

Improving our own health is the 'blockbuster drug of the century'
Sarah Lucas is the perfect artist to represent Britain at the Venice Biennale

Flesh in Venice

Sarah Lucas has filled the British pavilion at the Venice Biennale with slinky cats and casts of her female friends' private parts. It makes you proud to be a woman, says Karen Wright
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Slow down the ageing process with one of these high-performance, hardworking anti-agers
Juventus 2 Real Madrid 1: Five things we learnt, including Iker Casillas is past it and Carlos Tevez remains effective

Juventus vs Real Madrid

Five things we learnt from the Italian's Champions League first leg win over the Spanish giants
Ashes 2015: Test series looks a lost cause for England... whoever takes over as ECB director of cricket

Ashes series looks a lost cause for England...

Whoever takes over as ECB director of cricket, says Stephen Brenkley
Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power