963 items found
Wall Street giant Goldman Sachs is given a hefty fine from the UK’s City regulator following an investigation which began in the wake of fraud charges against the bank in the US.
The ructions at the top of Barclays have been somewhat Shakespearean in character over the past few years. It was said that US-born investment banker Bob Diamond was the foil for the calmer, older school John Varley. Diamond, currently the president of Barclays, was the architect of the wildly successful purchase of the bankrupt core…
Bob Diamond, one of the world’s highest paid bankers, is named as chief executive of Barclays in a move Economics Editor Faisal Islam says challenges the government’s position on banking reform.
Jon Snow
What do the banks know that we don’t? The Spanish bank Santander is on an aggressive recruitment drive – looking to fill up to 6,000 jobs. Even the banks you and I own, Royal Bank of Scotland and Lloyds are hiring people whilst continuing to get rid of backroom staff. How can you have a…
The claim “Labour’s leadership candidates say that spending was not the problem. It was taxes. Nonsense. In just two financial years up to the election, public spending rose by 10 per cent in real terms. That’s a rise after inflation of £59 billion.” Chris Huhne MP, Climate Change Secretary, press conference attacking “Labour’s legacy”, 11…
Andy Burnham tells Krishnan Guru-Murthy that the Labour party should be “for a fairer spread of health, wealth and life chances”.
Faisal Islam blogs on how the banks still face long-term funding problems, despite unveiling big profits this week.
I’m in India as Britain mounts the mother of all economic charm offensives. Today I was in the biggest control room for British manufacturing in the world. And that room is on the fourth floor in age old building in Mumbai. Bombay House has been the home since 1927 for Tata & Sons, parent company…
As BP boss Tony Hayward steps down as chief executive, Channel 4 News looks at who the “demonised and vilified” man is, and who is his replacement, Bob Dudley.
An incredible, unexpected economic surprise. And for once, a positive one, as GDP growth in the second quarter obliterates all expectations, writes Economics Editor Faisal Islam.
Set against the ephemeral world of dodgy mortgages and adjustable credit, the raw certainty of materials that can be mined, grown or harvested is rather attractive.
Gary Gibbon
Prime Minister David Cameron will be pleased that he’s got through his first EU summit unscathed but will know that won’t last.
Jon Snow
Spain is in the frame again…stress testing her banks seems not to have been a particularly reassuring experience.
The Bank of England Governor tonight confirmed that Hector Sants, the chief executive of the Financial Services Authority, has been persuaded to stay in office. “I am absolutely delighted that Hector Sants has agreed to remain at the FSA and then move to the Bank to become the first chief executive of the new prudential…
The Bank of England will tonight become the most powerful institution in Britain. To understand what is to happen at tonight’s Mansion House speech, you have to go back a year to last year’s Mansion House event. Then, with the recession and the financial crisis still raging, the Governor of the Bank of England and…