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.

Former Lloyds chief Eric Daniels lands private equity job

Eric Daniels, the former chief executive of Lloyds Banking Group, showed yesterday that being discredited in the public eye is no barrier to lucrative new roles in finance.

Paul Tucker suggested banks should pay to hold reserves at the Bank of England

Bank ponders a radical move into negative territory

Cuts in interest rates to zero per cent or less would be a further blow to savers already facing paltry returns, says Emma Dunkley

FSA to publish report on Libor-fixing

Britain's financial regulator is expected to publish its report into the Libor-fixing scandal early next month, it emerged yesterday.

Mark Carney faces 'mega-challenge' as Bank Governor, says former boss

Mark Carney's predecessor as governor of the Bank of Canada has warned that his former protégé faces "a mega-challenge" when he takes over the Bank of England later this year.

Mark Leftly: Let's leave Mark Carney's pay on the back burner and see if he can earn it first

Outlook I'm not sure if anyone is really worth a £480,000 salary, but what I do know is that such a figure is far from egregious for the person who is supposed to sort out the UK's monetary policy and help to drag us out of this interminable economic mire.

Mark Carney 'sees logic' in tougher cap on banks' leverage

Incoming Bank Governor in conflict with Chancellor on the size of equity buffers

Next Governor of the Bank of England, Mark Carney, defends £800,000-a-year pay and perks package

Relaxed but no revolutionary, Mark Carney keeps banking reform on the table

New Bank of England Governor Carney faces grilling from MPs

Incoming Bank of England Governor Mark Carney faces his first public grilling on British soil this week as rate-setters decide whether to pump more stimulus into the UK's flat-lining recovery.

Goldman drops plan to avoid tax on staff bonuses

Wall Street bank bows to pressure from Sir Mervyn King and Treasury
Sir Mervyn King: The Governor of the Bank of England was warned in August 2007, a month before everyone else, that Northern Rock had serious problems, but did nothing to prevent the first run on a British bank in decades. He then 'panicked', according to angry MPs, yet stayed in his job and last year picked up a knighthood.

Bank of England boss Sir Mervyn King slates bank bonus tax move

Bank of England Governor Sir Mervyn King today said it would be “depressing” if bankers choose to defer their bonuses until after the introduction of the new 45p income tax rate.

James Moore: Osborne must respect get-tough plans for banks or be seen as a poodle

It is rather a sign of the times that the deal is nothing to do with the core business, the stock exchange itself

MPs attack Office for Budget Responsibility for 'charging to the aid' of Osborne

The head of the Government’s independent fiscal watchdog was today forced to defend himself from “charging to the aid of the Chancellor” in tetchy exchanges with MPs.

Sketch: What hope for democracy when consensus breaks out?

It is not the proper function of politicians to agree. Yes, the public disapproves when they argue, but that is what they supposed to do in a democracy. If you wanted to watch politicians agreeing, you could have tuned into the 18th Congress of the Chinese Communist Party a fortnight ago.

FSA is set to investigate former chief over HBOS supervision

Crosby also 'headed bank for some of relevant period' ahead of near collapse
Business Secretary, Vince Cable

Vince Cable has a senior moment over meetings

The Business Secretary, Vince Cable, faced embarrassment yesterday after he told MPs that a new committee set up to promote economic growth had not held any meetings – even though he attended two of them.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 30 January 2015
Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee