News

"Extreme" allegations that Royal Bank of Scotland tipped viable businesses into bankruptcy were described as "plausible" because of its "flawed" structure by a former deputy governor of the Bank of England yesterday.

Lord Levene slams Lloyds for 'bad faith' over Project Verde

City grandee accuses Lloyds and Government of acting in "bad faith" over Project Verde sale giving evidence to MPs at Westminters

Co-op Bank boss Paul Flowers was right choice at the time, says watchdog

The watchdog who waved through the appointment of the "financial illiterate" Paul Flowers as chairman of the beleaguered Co-operative Bank told MPs yesterday that he stood by the decision and insisted it was "not a mistake".

MPs condemn Money Advice Service as 'not fit for purpose'

Money service under fire in report by Treasury Select Committee

Mark Carney calls for formal powers over bank leverage ratios

Clear signal of intent from Bank Governor is victory for fans of tougher oversight

Mark Carney defends 'dead on arrival' forward guidance policy

The Governor denied that forward guidance has caused confusion among businesses

Paul Flowers was questioned my MPs over the Co-operative Bank's losses on 6 November

Ethical 'Co-op' could lose name over Paul Flowers drug scandal

Business Secretary says name may not be suitable as Flowers scandal escalates

After Co-op, the building society bosses with no bank experience

The Co-operative began a root and branch review of its “democratic structure” last night in the wake of the mounting scandal over the drug-taking of the former Co-op Bank chairman Paul Flowers.

Paul Flowers was questioned my MPs over the Co-operative Bank's losses on 6 November

Police start inquiry into former Co-op Bank boss’s ‘drug deals’

Paul Flowers said he had done things that were 'stupid and wrong'

Paul Flowers was questioned my MPs over the Co-operative Bank's losses on 6 November

Leaving aside Reverend Flowers' drug abuse - the truly indefensible thing was how little this Co-op Bank chairman knew about finance

Morality must be more than an advertising slogan or carefully cultivated image

Paul Flowers was questioned by MPs over the Co-operative Bank's losses on 6 November

Police open investigation as former Co-op bank chair allegedly hands over £300 for drugs including crystal meth and cocaine

West Yorkshire Police have 'opened an investigation' after Reverend Paul Flowers was purportedly filmed discussing the purchase of class A drugs

'Treasury gave green light for Co-op mergers'

The Treasury supported the ill-fated merger between the Co-op Bank and the Britannia Building Society in 2009, the Co-op's former chairman claimed yesterday.

Barclays' chief economist joins Bank to shore up forecasting

Barclay's chief economist, Simon Hayes, has been hired by the Bank of England to head up its forecasting team.

James Moore: A more stable banking sector does not mean our finances are safe again

Outlook Where's the next financial crisis going to come from? Up until now, regulators have been focused on preventing a repeat of the last one.

Deputy governor of the Bank of England Paul Tucker warns on rules

The outgoing deputy governor of the Bank of England today warned watchdogs are in danger of becoming "dazzled by rules and regulations".

The News Matrix: Tuesday 8 October 2013

Fast return expected from Royal Mail

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