News

Shares fell as much as 14% in early trading after company warned on 2014 profit outlook

Barclays Bank Chairman Bob Diamond

Bankers in interest-rate scandal may face fraud charges, says SFO

The bankers at the heart of the Barclays interest rate-rigging scandal could be prosecuted for fraud, an offence that usually carries a prison sentence, it was disclosed yesterday.

James Moore: City suits laugh at the law while hoodies get their collars felt

Outlook: The regulators simply aren't feared. They are looked upon as 'stupid'

Leading article: An inquiry into Libor alone will not suffice

Last week's revelation that Barclays and probably other banks had attempted to rig the Libor inter-bank lending rate brought two immediate consequences. The first was the rekindling of public anger against the banks, just as it had started to subside. The second was the loud scurrying of ministers, regulators and bankers all desperate to limit the damage.

Cable urges shareholders to get 'stronger grip' on banks

Business Secretary Vince Cable has urged shareholders in British banks to “get a stronger grip” on the boards and executives responsible for “systemic abuse”.

Budget cuts killed off Libor inquiry

Britain's premier anti-corruption agency refused to carry out a criminal investigation into alleged manipulation of the benchmark Libor bank lending rate because it did not have enough money to fund it.

Silvio Berlusconi paves way for return to Italian politics

Former PM declared this week that he would like to be Italy's Finance Minister

HMRC workers strike over job cuts

Tax offices were closed today and calls to telephone inquiry lines were met with a recorded announcement because of a strike by tens of thousands of Revenue and Customs (HMRC) workers.

Mark Serwotka, general secretary of the PCS, claims that £120billion was lost last year in tax avoidance but HMRC didn't have enough resources to tackle the problem

Tax office workers to strike tomorrow in 'massive cuts' protest

Over 50,000 Revenue and Customs workers will go on strike tomorrow in protest at "massive cuts" they claim undermined efforts to clamp down on tax avoidance schemes.

Vincent Tchenguiz inquiry dropped

Property magnate Vincent Tchenguiz today said it was a "huge relief" that he is no longer being treated as a suspect in a fraud investigation into a failed Icelandic bank.

Controversial 'snoopers charter' to cost £2.5bn

Taxpayers will face a bill of up to £2.5bn for the so-called “snoopers charter” giving police, the security services and tax officials the power to track emails, website visits and mobile phone calls.

Drugmaker Mercury on the trail of £350m buyer

Private-equity groups Montagu and Bridgepoint are expected to be sounded out as potential buyers for a £350m drugmaking company within days.

Lev Leviev and Arkady Gaydamak

Russian diamond moguls go to war over $1bn dispute

Court to unravel case of the billionaires' Angolan mining deal that's anything but clear-cut

Robert and Vincent Tchenguiz launch bid to clear their names

Government fraud investigators came under attack today as two property magnates arrested during an inquiry into a failed Icelandic bank launched a High Court fight to clear their names.

Eduardo Saverin helped Zuckerberg launch Facebook and owns a 4 per cent stake worth $4bn

Billionaire Facebook founder Eduardo Saverin 'de-friends' United States to keep more of his fortune

As Obama plans taxes on super-rich, Eduardo Saverin applies to give up citizenship

The Queen's Speech: National crime agency unveiled to protect UK's borders

A US-style National Crime Agency to tackle serious and organised crime and protect the UK's borders will be enshrined in laws unveiled by the Queen today.

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The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice
Hollywood targets Asian audiences as US films enjoy record-breaking run at Chinese box office

Hollywood targets Asian audiences

The world's second biggest movie market is fast becoming the Hollywood studios' most crucial
Grindr founder Joel Simkhai: 'I've found love on my dating app - and my mum keeps trying to hook me up!'

Grindr founder Joel Simkhai: 'I've found love on my dating app'

Five years on from its launch and Grindr is the world's most popular dating app for gay men. Its founder Joel Simkhai answers his critics, describes his isolation as a child
Autocorrect has its uses but it can go rogue with embarrassing results - so is it time to ditch it?

Is it time to ditch autocorrect?

Matthew J X Malady persuaded friends to message manually instead, but failed to factor in fat fingers and drunk texting
10 best girls' summer dresses

Frock chick: 10 best girls' summer dresses

Get them ready for the holidays with these cool and pretty options 
Westminster’s dark secret: Adultery, homosexuality, sadomasochism and abuse of children were all seemingly lumped together

Westminster’s dark secret

Adultery, homosexuality, sadomasochism and abuse of children were all seemingly lumped together
A History of the First World War in 100 Moments: Dulce et decorum est - a life cut short for a poet whose work achieved immortality

A History of the First World War in 100 Moments

Dulce et decorum est: a life cut short for a poet whose work achieved immortality
Google tells popular music website to censor album cover art in 'sexually explicit content' ban

Naked censorship?

The strange case of Google, the music website and the nudity take-down requests
Howzat! 8 best cricket bats

Howzat! 8 best cricket bats

As England take on India at Trent Bridge, here is our pick of the high-performing bats to help you up your run-count this summer 
Brazil vs Germany World Cup 2014 comment: David Luiz falls from leader figure to symbol of national humiliation

David Luiz falls from leader figure to symbol of national humiliation

Captain appears to give up as shocking 7-1 World Cup semi-final defeat threatens ramifications in Brazil