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Banking crisis 'as bad as a world war'
The former boss of HBOS tells MPs incompetence was as much to blame as the financial crisis for the collapse of his bank and admits he is deeply sorry. But he keeps his knighthood.
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The former boss of HBOS tells MPs incompetence was as much to blame as the financial crisis for the collapse of his bank and admits he is deeply sorry. But he keeps his knighthood.
The Queen should no longer be expected to award honours to civil servants and business people for simply “doing the day job”, according to a parliamentary committee.
We have entered a new world. Politicians now appear sovereign over our banking system. Many in Britain will welcome that. For many, it will be a profound shock. And this is just the beginning, writes Faisal Islam.
James Murdoch appears before the Leveson Inquiry today, ahead of his father Rupert who will give evidence for two days on Wednesday and Thursday. Murdoch Jnr is due up before the Inquiry between 10am and 4.30pm. We’ll be live blogging all the action here and you can have your say on the day’s events as they unfold in the box below.
One holds the UK economy in his hands. The other’s role is even more important – at least if you ask some people. Channel 4 News checks the Top Trumps cards of Stephen Hester and Fabio Capello.
As the bicentenary of Charles Dickens’ birth is celebrated, Channel 4 News looks at the themes he might include in his novels if he were writing in 2012.
Royal Bank of Scotland chairman Sir Philip Hampton tells Channel 4 News RBS boss Stephen Hester is “low paid” compared to others in the banking sector, but admits pay generally is “very high”.
I had dinner last night with a private equity guy who is still in the money. Interesting entity. He tipped me to something I had not thought about.