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"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.

Bank probe must not be a witch hunt, says Tyrie

The MP who would lead a parliamentary inquiry into banking practices today said an investigation “must not be a witch hunt”.

Bob tried to play contrite, but he's no actor

Mr Diamond thinks he is much smarter than the MPs, and he's right. They barely laid a full glove on him

Mr Diamond was giving evidence to the Treasury Select Committee on the culture he presided over at the bank

Diamond refuses to waive his £20m pay-off

Bob Diamond, the former Barclays chief executive, indicated he would fight to keep his multimillion-pound pay-off after stepping down in the wake of the interest rate-fixing scandal, despite admitting he was in charge of bankers whose "behaviour… was reprehensible".

US economist warns Vickers bank reform is doomed

Sir John Vickers' Independent Commission on Banking (ICB) will today be accused of "a dangerous dereliction of duty" by one of the Bank of England Governor's favourite economists.

Warning that Vickers bank reform is doomed to failure

Report comes as pressure mounts on Barclays to spin off investment bank
Out: Jerry del Missier, chief operating officer

Diamond could leave with pay-off of £30m

Barclays chief executive's sudden departure sets up showdown with MPs in committee hearing today

Inter-bank lending to be reviewed

An urgent independent review into the inter-bank lending rate is to be set up by the Government next week in the wake of the interest rigging scandal.

Barclays' value plummets £4bn as shareholders flee

More than £4bn was wiped from the value of Barclays yesterday as shareholders fled the bank in the wake of its £290m fines for trying to fix interest rates. The spectacular sell-off left Barclays as the biggest faller on the London Stock Exchange and led to calls for a "change in leadership" at the beleaguered bank, whose shareholders are already furious over multimillion-pound bonuses granted to chief executive Bob Diamond and his colleagues despite missing his own profitability targets.

Treasury Select Committee queries George Osborne's Budget estimates

Estimates used by George Osborne to justify the axing of the 50p top tax rate are "highly uncertain", an influential group of MPs warned today.

Annual statement reflects new card 'transparency'

Up to 31 million credit card holders can expect see a new annual account statement land on their doormats over the next few weeks and months. It will outline card usage over the year as well as any fees or interest charged.

Osborne: 'No Chancellor can justify a deeply uncompetitive rate of tax that is raising next to nothing'

George Osborne feels the heat on 'pasty tax' and cut in 50p rate

When George Osborne wrote his Budget speech, he will have imagined and pre-empted countless probing questions the Opposition would ask of his tax policies. But what of his pie-eating habits?

Barclays: We took a £7bn handout from the ECB

Barclays has admitted it had changed tack and borrowed cheap money from the European Central Bank in this week's huge liquidity boost. It said yesterday it had taken €8.2bn (£6.9bn) in the long-term refinancing operation, having not done so in the previous round in September.

Knighthood decision a 'token gesture'

A leading union today welcomed the decision to strip former RBS chief executive Fred Goodwin of his knighthood.

The Cabinet Office said the knighthood had been removed on the advice of the Forfeiture Committee because former RBS chief executive Fred Goodwin had brought the honours system 'into disrepute'

Fred Goodwin stripped of knighthood

Ex-banker Fred Goodwin has had his knighthood removed, it was announced today.

Osborne would face Labour claims of opting for a 'Plan B' by announcing tax cuts

Poll: Tories don't believe growth will improve

Conservative MPs do not share George Osborne's optimism that the economy will pick up in the second half of this year, according to an exclusive survey for i.

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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 23 January 2015
Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
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Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness
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Homeless Veterans appeal

Homeless in Wales can find inspiration from Daniel’s story
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Front National family feud?

Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks
Pot of gold: tasting the world’s most expensive tea

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Tasting the world’s most expensive tea
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From hen harriers to porpoises: 10 best wildlife-watching experiences

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Why her plays are as provocative now as when they were written
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Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
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Celebrities call on David Cameron to take more Syrian refugees

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The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
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'In Auschwitz you got used to anything'

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