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.

David Prosser: Let's put a stop to the kite-flying at Barclays

Outlook What is Barclays Bank up to? Eleven weeks ago yesterday, Bob Diamond, the bank's chief executive, told a public hearing of the Treasury Select Committee that he was "crystal clear" about one thing at least: Barclays headquarters would remain in the UK. Now, rumours are flying round the market that the bank has held discussions with US regulators about a move to New York – and Barclays isn't denying the story.

Osborne insists Plan B will mean higher rates

The Chancellor, George Osborne, told the Treasury Select Committee yesterday that any let-up in his plan to reduce the fiscal deficit would result in an almost immediate rise in borrowing costs and mortgage bills.

David Prosser: A fruitless search for economic growth

Outlook While George Osborne was busy telling the Treasury Select Committee yesterday about his "Budget for Growth", the evidence stacking up elsewhere pointed to a distinct lack of this precious economic commodity. Certainly there was no sign of any growth at Thomas Cook, which warned the UK was likely to be its least attractive market this year. Nor was there much to be found in the groceries sector, where the latest Kantar market share figures suggested the only supermarkets making any progress just now are the discounters. In fact, the only thing growing yesterday was the volume of the campaign for an interest rate rise, with Martin Weale, one of the Monetary Policy Committeemembers who has been pushing for an early increase in the cost of borrowing, making the case volubly once more.

MPs call for tougher policing to shake up banking cartel

Treasury Select Committee to recommend radical changes to bring competition into high street banks

Five senior RBS executives share pay and bonuses worth £21m

Royal Bank of Scotland revealed yesterday that its top five non-board executives collectively earned more than £21m last year.

Sean O'Grady: In this together – but Mr Osborne should put women and children first

You can call it a patriarchal offensive if you wish; I would say it was an unfortunate accident of the way the economy happens to be structured

Barclays fuels anger over Bob Diamond's pay

Barclays fuelled anger over bankers' pay today after it emerged three senior staff topped the £6.75 million earned by boss Bob Diamond last year.

Delay in City watchdog's report on the rescue of RBS

The long-awaited Financial Services Authority report into the events leading up to the rescue of the Royal Bank of Scotland is likely to be delayed until next month.

Business Diary: Goldman would say that wouldn't it?

Here's a share tip for you courtesy of the good folk at Goldman Sachs. Shares in the online groceries company Ocado have fallen so far in recent weeks that they are now a buy, the investment bank says.

King says living standards may never recover from the crisis

Bank of England Governor strikes dovish note on timing of interest-rate increase

David Prosser: European regulation not so scary after all

Outlook For those who do not share the europhobic tendencies often seen in the City, the development of the new European Securities and Markets Authorities is heartening.

Employers poised to slash staff pensions – again

Businesses could be tempted to cut their contributions next year when the Government's low-cost scheme is brought in

'Unrepentant' Diamond set to bank £9m bonus

Bob Diamond, the banking chief who told MPs last month that it was time bankers stopped apologising for their role in the financial slump, is in line for a bonus of up to £9.5m.

New banking rules risk being 'rushed'

Plans to overhaul financial regulation are in danger of being rushed in before they are properly thought through, MPs warned yesterday. The Government plans to do away with the tripartite system in which the Financial Services Authority, the Bank of England and the Treasury share responsibility for regulating the City.

Latest stories from i100
Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
Revealed: Why Mohammed Emwazi chose the 'safe option' of fighting for Isis, rather than following his friends to al-Shabaab in Somalia

Why Mohammed Emwazi chose Isis

His friends were betrayed and killed by al-Shabaab
'The solution can never be to impassively watch on while desperate people drown'
An open letter to David Cameron: Building fortress Europe has had deadly results

Open letter to David Cameron

Building the walls of fortress Europe has had deadly results
Tory candidates' tweets not as 'spontaneous' as they seem - you don't say!

You don't say!

Tory candidates' election tweets not as 'spontaneous' as they appear
Mubi: Netflix for people who want to stop just watching trash

So what is Mubi?

Netflix for people who want to stop just watching trash all the time
The impossible job: how to follow Kevin Spacey?

The hardest job in theatre?

How to follow Kevin Spacey
Armenian genocide: To continue to deny the truth of this mass human cruelty is close to a criminal lie

Armenian genocide and the 'good Turks'

To continue to deny the truth of this mass human cruelty is close to a criminal lie
Lou Reed: The truth about the singer's upbringing beyond the biographers' and memoirists' myths

'Lou needed care, but what he got was ECT'

The truth about the singer's upbringing beyond
Migrant boat disaster: This human tragedy has been brewing for four years and EU states can't say they were not warned

This human tragedy has been brewing for years

EU states can't say they were not warned
Women's sportswear: From tackling a marathon to a jog in the park, the right kit can help

Women's sportswear

From tackling a marathon to a jog in the park, the right kit can help
Hillary Clinton's outfits will be as important as her policies in her presidential bid

Clinton's clothes

Like it or not, her outfits will be as important as her policies
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders