Category: News Wire

Former HBOS director Peter Cummings has been fined £500,000 and banned for life from working in the City.

Britain has pushed for Brussels’ new banking regulator to supervise all 6,000 eurozone banks – including Germany’s Landesbanks – in a move that puts London on a collision course with Berlin.

A new governor of the Bank of England to succeed Mervyn King will be chosen by the end of the year through “fair and open competition”, chancellor George Osborne has said, with advertisements for the job to run from Friday.

The organisers of London 2012 have suspended payments to G4S over the security fiasco that has already cost the company £50m.

Vince Cable insisted the Government’s plans for a Business Bank would materialise even though the size, scope and timing of the project are undecided.

Banks in London could be shut down or forced into taxpayer-funded bail-outs against the wishes of the British authorities under controversial “banking union” proposals from Brussels, it can be disclosed.

Weak growth prospects and potentially rising bad debts from property loans weighing on sector, says ratings agency

Antony Jenkins, the new chief executive of Barclays, has ruled out a break-up of the scandal-hit lender, but said some businesses will “shrink”.

The euro zone enters a dangerous week, strewn with potential landmines, in a somewhat more optimistic mood after investors welcomed a European Central Bank plan to prevent a breakup of the single currency.

Optimism among UK businesses has hit a 20-year low, according to accountants BDO, but English regions show a rebound in activity during August

International financier George Soros has called for Germany to “lead or leave the euro” days before a crucial ruling on the eurozone’s bailout fund by Germany’s constitutional court.

Data from farmers, tourist businesses, insurers and events organisers show the wettest summer for 100 years has hit the countryside hard.

Tech companies in Israel are striving to keep a lead over rivals in London, New York and Berlin.

Michael Fallon, the new business minister, on how he’ll champion people who create new wealth and employment

Amazon plans to create at least 2,000 jobs in Britain as the online retailer introduced an improved set of tablet devices to take on Apple’s iPad.