Jon Snow
JP Morgan: a tempest no longer in a teacup?
“… there has been a ‘cultural breakdown’ at the bank, not by a lone ‘rogue trader’ but by the entire team in the trusted department in which the losses occurred.”
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Unemployment falls as growth forecast is cut
Unemployment falls by 45,000 to 2.63 million as a result of a rise in part-time workers. But the Bank of England cuts its growth forecast as the governor warns the eurozone is “tearing itself apart”.
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Vultures circle Greece before bond deadline
Vulture funds who bought international Greek bonds at discounts are circling ahead of Tuesday’s deadline to repay a 436m note issued long before the name Greece became synonymous with “crisis”.
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Jon Snow
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Greek crisis: talks continue on Tuesday
Negotiations continue on Tuesday to resolve the turmoil in Greece. Despite little optimism that a coalition government will be formed, an influential adviser tells Channel 4 News that all is not lost.
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Spain rescues bank as spectre of Irish property crash looms
Spain partially nationalised banking giant Bankia SA after concerns about its real estate exposure in a scenario reminiscent of the Irish crisis following the 2008 implosion of Lehman Bros.
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Faisal Islam
Greece in search of a government – can the left defy the EU?
As the Greek stock market tumbles are the politicians now seeking to form a government say they will defy the EU, but can they do that? Faisal Islam reports from Athens.
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What the 2012 Queen’s speech is likely to contain
Today’s Queen’s speech will set out the coalition government’s plans for the forthcoming parliament. Channel 4 News looks at some of the measures it is likely to contain.
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Faisal Islam
Impossible Greek algebra
Right now the algebra in Greece seems to make any sort of government impossible. That means even more elections, writes Faisal Islam from Athens.
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European crisis: where do we go from here?
With voters in Greece, France and Italy using elections to reject austerity, Channel 4 News looks at what happens next and whether a break-up of the eurozone is now on the cards.
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French lessons
One of the reasons Labour gave for Boris Johnson’s victory in London was the advantage of incumbency – the idea that voters tend naturally to give politicians a second term in office. It was also one of the reasons Labour’s hope of making David Cameron a “one term” Prime Minister has always seemed a very uphill struggle. But after the defeat of Sarkozy in France Conservatives might well be wondering if incumbency is all it is cracked up to be.
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Former Rover workers get £3 redundancy payouts
After a seven year fight, former Rover workers are getting just £3 each following the collapse of the UK’s last major carmaker.
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Bank failed over credit crunch says King
Sir Mervyn King has urged the Government not to delay reforming the financial sector and admitted more should have been done to avert the banking crisis.
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Alex Thomson
Rangers: crime and punishment, and survival?
Scottish Premier League boss Neil Doncaster says a CVA could be the answer to Rangers’ woes – but many ifs and buts remain if Rangers are to remain in the SPL.
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Clydesdale and Yorkshire banks axe 1,400 jobs
The Clydesdale and Yorkshire banks are to cut more than 1,400 jobs in the UK by 2015 because of the “deterioration in the economic and operating conditions”.
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Shareholders revolt over Barclays bonus packages
As some Barclays shareholders refuse to back pay packages for top executives, Business Secretary Vince Cable tells Channel 4 News he welcomes the move.
