News

Standard Chartered has unveiled sweeping changes in its boardroom following reports of discord at the top of the FTSE 100 bank.

Business Diary: A rival for the old firm rivalry

We have a suggestion for the BBC and Sky News: now might be a wise time to invest in some key man insurance. Drinks company Diageo is sponsoring a five-a-side football tournament next Wednesday featuring 18 teams of journalists. In the first round, the BBC's team, including business editor Robert Peston, are down to play Sky News, whose team features Pesto's arch rival, business editor Mark Kleinman. Can the pair get through the game without kicking lumps out of each other? And who'll win the race, once the final whistle is blown, to reveal exclusively the final score?

Business Diary: Time is cheap for Bank's Tucker

Paul Tucker, the Bank of England's Deputy Governor, was sporting what appeared to be a newish Swatch timepiece at yesterday's big bash on banking regulation. Until recently he could be seen wearing something a bit chunkier and more expensive-looking. Is he following in the footsteps of Standard Chartered boss Peter Sands, who has worn his trademark Swatch for years? And could understatement now be making a belated comeback in the City?

£2.5bn loans fund for small firms

A £2.5 billion fund is to be launched today to provide loans to small and medium sized businesses across the UK which have struggled to raise cash since the financial crisis.

Liverpool managing director Ian Ayre expects more investment

Liverpool's managing director Ian Ayre is looking forward to more money being invested in players instead of paying off debt now the club's finances are on a more even keel.

StanChart cuts staff to limit its costs

Standard Chartered cut its headcount by 800 to control costs in the first quarter of this year after hiring aggressively in 2010.

US watchdog calls in experts to draft 'living wills' for banks

Regulator wants to have plans ready to rescue or wind up institutions in future crises

Business Diary: Goldman oils the way for price drop

Some good news for drivers for once – the oil price has fallen this week.

Vickers to call for 'firewalls' to protect savings banks

The Independent Commission on Banking (ICB) is this morning expected to call for firewalls to separate banks' High Street operations from their "casino" investment arms.

Called to account: Banks await fate

With the Independent Commission on Banking poised to unveil plans to safeguard the industry, Sean Farrell looks at the options

Banks seek to hold back the tide of regulation

Banks and other financial companies claim new regulation is the biggest threat they face in the next year as industry unrest about tougher rules hits a record high, a CBI survey shows.

Sam Wallace: Rooney's response was perfectly understandable – the wits in the stand cannot have it both ways

The FA has pressing concerns. The less time it wastes on people with the time to make an official complaint about Rooney's language, the better

International break does Liverpool good

Liverpool face former manager Roy Hodgson's team West Bromwich Albion today confident that the international break has been good for the Anfield club in several ways

Liverpool's £20m sponsors admit concerns over player behaviour

Bank also urges club to stick with Dalglish, stay at Anfield and look to sign Asian footballers

Major banks' profits double

Profits made by the major banks have doubled during the past year but the groups still face significant challenges going forward, a report indicated today.

Retail banks face significant challenge

The recent round of UK banking results shows that despite a rebound in 2010, retail banking faces "significant challenges" in the next three years, according to a new report.

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Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

Christmas without hope

Gaza fears grow that conflict with Israel will soon reignite
After 150 years, you can finally visit the grisliest museum in the country

The 'Black Museum'

After 150 years, you can finally visit Britain's grisliest museum
No ho-ho-hos with Nick Frost's badass Santa

No ho-ho-hos with Nick Frost's badass Santa

Doctor Who Christmas Special TV review
Chilly Christmas: Swimmers take festive dip for charity

Chilly Christmas

Swimmers dive into freezing British waters for charity
Veterans' hostel 'overwhelmed by kindness' for festive dinner

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect
Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all