Archive: Bankers

Betrayed? City anger as Osborne electrifies bank ringfence

Labour says question-marks remain, but City in dismay over Osborne speech

George Osborne's reluctance to push through a full split of banks' investment and retail arms has collapsed, prompting anger and recrimination from the City.

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Bankers condemned: Review demands jail for Libor fiddlers

Bankers are taking in the implications of today's review in the City of London

Bankers who manipulate the interbank lending rate Libor should face criminal sanctions, an independent review has concluded, as part of efforts to reform "what has become a broken system".

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RBS boss: 'We will pay for Libor'

Hester said the bank will 'pay' for the scandal

The Royal Bank of Scotland (RBS), will eventually pay for the Libor scandal, the bank's chief executive said yesterday.

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King 'gave Barclays revolver' to polish off Diamond

Mervyn King faced an unusually testing session before MPs

Mervyn King faces questions about his conduct after it emerged he privately pressured Barclays chairman Marcus Agius to force Bob Diamond's resignation.

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Cable adds to pressure against Diamond's £17m 'outrage'

Bob Diamond's payout is thought to be up to £17 million

Westminster has added its weight to the pressure on senior Barclays executives to resist Bob Diamond's £17 million 'golden parachute'.

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Podcast: Banker-bashing reloaded

The City of London faces intense hostility from the general public

Following Barclays' £290 million fine for fiddling the interbank lending rate Libor the search for answers from Westminster has begun. But where will this end up? Will the inquiry into wrongdoing in the banking sector change anything?

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PMQs sketch: Party interest wins out

Neither Miliband nor Cameron deviated from advancing their party's interests in this week's prime minister's questions

Ed Miliband accused David Cameron of acting in the party interest, not the national interest, in prime minister's questions this lunchtime. But both leaders were guilty of exactly that - and MPs couldn't care less.

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Partisanship unravelling parliament's banking inquiry

Westminster could lose the opportunity to hold an inquiry into the banking scandal

Party politics is threatening to scupper the parliamentary inquiry into wrongdoing in the banking sector proposed by ministers yesterday.

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Barclays anger still growing despite Agius resignation

Marcus Agius has resigned as chairman of Barclays

Barclays chairman Marcus Agius has become the first big head to roll in the Libor scandal after resigning this morning.

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Cable wants Barclays to face police probe

Rise up against weak bank bosses, business secretary urges

Bankers responsible for the Libor scandal should face a criminal investigation, Vince Cable has said.

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Comment: Whatever the scandal, the punishment must fit the crime

Public anger doesn't guarantee retribution for Britain's bankers, journalists or politicians

Public anger doesn't guarantee retribution for Britain's bankers, journalists or politicians.

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Westminster wants Barclays heads to roll

Bob Diamond, Barclays chief executive, faces pressure to resign after Libor fine

Ministers are set to strengthen sanctions against those responsible for the Barclays Libor scandal.

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Ken's finance solution: Hang a banker a week

Ken has made several outspoken comments in the last few weeks.

Ken Livingstone prompted a storm of controversy again last night after he suggested Britain should "hang a banker a week until the others improve".

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Bankers attempt last-gasp Osborne lobby over reform

Barclays chief executive Bob Diamond believes banking reform could halt economic recovery

George Osborne is meeting with Barclays chief executive Bob Diamond today as bankers launch a last gasp bid to delay banking reforms.

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City digs in against banking reforms

City of London will fight banking reforms hard

Pro-business campaigners are ratcheting up pressure against the coalition as the unveiling of banking reforms nears.

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Coalition clash looming over banking split

City opposes Lib Dem-backed banking split plans

A potential eight-year delay in plans to force banks to split their retail and investment arms could prompt a major split in the coalition.

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Miliband unites the scandals

Ed Miliband gives speech on 'responsibility'

Ed Miliband tried to muster residual anger over MPs' expenses and the banking crash as he sought to accelerate the momentum of the phone-hacking scandal in a speech later.

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