News

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.

Sport
Club legend Paul Scholes is scared United could disappear into 'the wilderness'
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A model of a Neanderthal man on display at the National Museum of Prehistory in Dordogne, France
science
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newsThat's Richard Dawkins on babies with Down Syndrome
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Malky Mackay salutes the Cardiff fans after the 3-1 defeat at Liverpool on Sunday
footballFormer Cardiff boss accused of sending homophobic, racist and messages
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Rodgers showered praise on Balotelli last week, which led to speculation he could sign the AC Milan front man
transfers
Arts and Entertainment
Eye of the beholder? 'Concrete lasagne' Preston bus station
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Arts and Entertainment
Arctic Monkeys headline this year's Reading and Leeds festivals, but there's a whole host of other bands to check out too
music(who aren't Arctic Monkeys)
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Extras
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Anna Nicole Smith died of an accidental overdose in 2007
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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