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

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Louis Theroux's affable Englishman routine begins to wear thin

By Reason of Insanity

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Power dressing is back – but no shoulderpads!

Power dressing is back

But banish all thoughts of Eighties shoulderpads
Spanish stone-age cave paintings 'under threat' after being re-opened to the public

Spanish stone-age cave paintings in Altamira 'under threat'

Caves were re-opened to the public
'I was the bookies’ favourite to be first to leave the Cabinet'

Vince Cable interview

'I was the bookies’ favourite to be first to leave the Cabinet'
Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

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The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

The death of a Gaza fisherman

He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media

The only direction Zayn could go

We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
Don't believe the stereotype - or should you?

Don't believe the stereotype - or should you?

We exaggerate regional traits and turn them into jokes - and those on the receiving end are in on it too, says DJ Taylor