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

Mervyn King: Banks 'exploit gullible customers'

High street banks are bracing themselves for share sell-offs and more public criticism tomorrow after the Bank of England Governor launched an astonishing attack, warning of another banking crisis if the sector is not reformed.

Standard Chartered says UK is 'less enticing'

Standard Chartered warned yesterday that muddled rules and the banking levy were making the UK a less attractive base for its booming business as the bank racked up its eighth straight year of record profit.

HSBC tipped to announce a £2bn bonus pot

This week will see the end of the bank results season, with all eyes on HSBC's bonuses.

The Business On... Lord Davies, Chair, Review of Women on Boards

Um, isn't he a chap?

Market Report: Cairn Energy hit as deal uncertainty re-emerges

The latest developments in the attempted sale of its controlling stake in Cairn India left Cairn Energy stuck near the foot of the blue-chip index yesterday. The oil and gas explorer agreed to sell up to 51 per cent of the unit back in August to Vedanta Resources as part of a deal worth as much as $9.6bn (£6bn), but the move has still not received clearance from the Indian government.

Vodafone confirms Kleisterlee as new chairman

Vodafone has confirmed the outgoing boss of electronics giant Philips will succeed Sir John Bond, who was the subject of a shareholder revolt, when he steps down in the summer.

Market Report: Tubthumping boost for Standard Chartered

The lyrics of Chumbawamba are not usually discussed in the City, but for one analyst the band – whose guitarist famously poured a bucket of water over John Prescott at the 1998 Brit Awards – provided a rather unusual source of inspiration yesterday.

Will we recover, muddle through, or nosedive?

With the new year rung in, experts at the world's biggest banks are keen to predict the next economic trends. Nikhil Kumar gives the lowdown on their forecasts for 2011

Petropavlovsk names first female director in boardroom shake-up

The Russian gold miner Petropavlovsk will announce a management shake-up this week, inducting three new executive directors – including its first female board member – and a new senior independent non-executive director, after a review of its business.

Quotas for boardroom women all but ruled out

The former banker investigating ways to get more women executives appointed to Britain's boardrooms will today give his strongest indication yet that quotas have been ruled out.

Commodities soar: The year the super cycle returned

Emerging economies revived and stoked demand. By Nikhil Kumar and Sarah Arnott

Business Diary: Ogston's gong is well deserved

Our congratulations to Hamish Ogston, the founder of CPP Group, one of the few businessfigures to be rewarded in the New Year Honours list today – he's getting a CBE for services to business in Yorkshire. Ogston is living proof that you don't need aconventional CV to make it in business – he joined the Norwegian merchant navy aged just 17 and, once he'd finished seeing the world, founded a string of businesses. With ventures such as the Guinness World of Records in the Trocadero Centre in London to his name, CPP, an insurancebusiness, is actually one of his least interesting operations, even if it has been very successful.

Banks 'charged too much' for underwriting share issues

London's banks will be accused today by the City's institutional shareholders of massively overcharging for underwriting share issues.

City shrugs its shoulders as bank levy is unveiled

The City barely shrugged yesterday despite the Government's publication of draft legislation to take £2.5bn a year from banks through the banking levy.

Government plans to raise £2.5bn with bank levy

Britain's banks will pay an extra £2.5 billion in tax a year by 2012 under draft legislation published today in a Government move to repair some of the damage caused by their role in the financial crisis.

A 1930 image of the Karl Albrecht Spiritousen and Lebensmittel shop, Essen. The shop was opened by Karl and Theo Albrecht’s mother; the brothers later founded Aldi
Arts and Entertainment
Standing the test of time: Michael J Fox and Christopher Lloyd in 'Back to the Future'
filmA cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Arts and Entertainment
Flora Spencer-Longhurst as Lavinia, William Houston as Titus Andronicus and Dyfan Dwyfor as Lucius
theatreThe Shakespeare play that proved too much for more than 100 people
exclusivePunk icon Viv Albertine on Sid Vicious, complacent white men, and why free love led to rape
Arts and Entertainment
Stir crazy: Noel Fielding in 'Luxury Comedy 2: Tales from Painted Hawaii'
comedyAs ‘Luxury Comedy’ returns, Noel Fielding on why mainstream success scares him and what the future holds for 'The Boosh'
Life and Style
Flow chart: Karl Landsteiner discovered blood types in 1900, yet scientists have still not come up with an explanation for their existence
lifeAll of us have one. Yet even now, it’s a matter of debate what they’re for
Arts and Entertainment
'Weird Al' Yankovic, or Alfred Matthew, at the 2014 Los Angeles Film Festival Screening of
musicHis latest video is an ode to good grammar. But what do our experts think he’s missed out?
New Real Madrid signing James Rodríguez with club president Florentino Perez
sportColombian World Cup star completes £63m move to Spain
Hotel Tour d’Auvergne in Paris launches pay-what-you-want
travelIt seems fraught with financial risk, but the policy has its benefits
Arts and Entertainment
booksThe best children's books for this summer
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
Noel Fielding's 'Luxury Comedy': A land of the outright bizarre

Noel Fielding's 'Luxury Comedy'

A land of the outright bizarre
What are the worst 'Word Crimes'?

What are the worst 'Word Crimes'?

‘Weird Al’ Yankovic's latest video is an ode to good grammar. But what do The Independent’s experts think he’s missed out?
Can Secret Cinema sell 80,000 'Back to the Future' tickets?

The worst kept secret in cinema

A cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Facebook: The new hatched, matched and dispatched

The new hatched, matched and dispatched

Family events used to be marked in the personal columns. But now Facebook has usurped the ‘Births, Deaths and Marriages’ announcements
Why do we have blood types?

Are you my type?

All of us have one but probably never wondered why. Yet even now, a century after blood types were discovered, it’s a matter of debate what they’re for
Honesty box hotels: You decide how much you pay

Honesty box hotels

Five hotels in Paris now allow guests to pay only what they think their stay was worth. It seems fraught with financial risk, but the honesty policy has its benefit
Commonwealth Games 2014: Why weight of pressure rests easy on Michael Jamieson’s shoulders

Michael Jamieson: Why weight of pressure rests easy on his shoulders

The Scottish swimmer is ready for ‘the biggest race of my life’ at the Commonwealth Games
Some are reformed drug addicts. Some are single mums. All are on benefits. But now these so-called 'scroungers’ are fighting back

The 'scroungers’ fight back

The welfare claimants battling to alter stereotypes
Amazing video shows Nasa 'flame extinguishment experiment' in action

Fireballs in space

Amazing video shows Nasa's 'flame extinguishment experiment' in action
A Bible for billionaires

A Bible for billionaires

Find out why America's richest men are reading John Brookes
Paranoid parenting is on the rise - and our children are suffering because of it

Paranoid parenting is on the rise

And our children are suffering because of it
For sale: Island where the Magna Carta was sealed

Magna Carta Island goes on sale

Yours for a cool £4m
Phone hacking scandal special report: The slide into crime at the 'News of the World'

The hacker's tale: the slide into crime at the 'News of the World'

Glenn Mulcaire was jailed for six months for intercepting phone messages. James Hanning tells his story in a new book. This is an extract
We flinch, but there are degrees of paedophilia

We flinch, but there are degrees of paedophilia

Child abusers are not all the same, yet the idea of treating them differently in relation to the severity of their crimes has somehow become controversial
The truth about conspiracy theories is that some require considering

The truth about conspiracy theories is that some require considering

For instance, did Isis kill the Israeli teenagers to trigger a war, asks Patrick Cockburn