ALSO OUT THIS WEEK FILMS, MUSIC, GAMES September 15, 2011 FILM 30 MINUTES OR LESS Action comedy with Jesse Eisenberg and Danny McBride. I DON’T KNOW HOW SHE DOES IT SJP stars in this film about a woman who juggles it all. ATROCIOUS Properly scary Spanish horror, made in the style of the Blair Witch Project. DVD PIRATES OF THE CARIBBEAN: ON STRANGER TIDES Absolute [...]
Home advantage should give champions the edge September 15, 2011 MANCHESTER UNITED vs CHELSEA SUNDAY – 4.00PM SKY SPORTS IT has been an incredible start to the Premier League season for Manchester United with four straight wins, 18 goals scored and only three conceded. They bounced back to earth slightly against Benfica on Wednesday night, but the 1-1 draw wasn’t a bad result and they [...]
THE GLOVES ARE OFF: UK SUES ECB September 14, 2011 BRITAIN will today sue the European Central Bank (ECB) over new rules that will force the City’s biggest clearing house, LCH.Clearnet, to relocate to the Eurozone. The move highlights growing impatience among Whitehall officials and politicians, who believe Brussels is using new regulation as a smokescreen to undermine London’s pre-eminence as a global financial centre. [...]
Euro banks scramble for funding September 14, 2011 TWO unnamed banks tapped the ECB’s weekly dollar funding facility for the second time in a month yesterday in a fresh sign that Europe’s interbank markets are freezing up. The escalating crisis has seen borrowing costs rise for banks, forcing weaker lenders to tap the emergency cash supply to the tune of $575m (£364.6m). That [...]
BP shoulders blame for spill September 14, 2011 AN OFFICIAL US government report has heaped most of blame for the country’s biggest ever oil spill on BP yesterday, chastising the company and other parties for poor management and a string of critical mistakes that could have been prevented. “BP’s cost or time saving decisions without considering contingencies and mitigation” were “contributing causes” of [...]
Economy not rebalancing fast enough September 14, 2011 IT is not good news on the jobs front. Unemployment jumped by 80,000 over the past three months; employment is up by just 24,000 over the past year. The post-recession jobs rebound has ground to a halt. The economy is rebalancing towards the private sector but no longer quickly enough. Private sector employment peaked at [...]
E&Y to face Irish probe September 14, 2011 ACCOUNTANCY giant Ernst & Young is to face an investigation into its alleged failure to audit the accounts of Anglo Irish Bank properly in the run-up to the financial crisis. The Irish Chartered Accountants Regulatory Board (CARB) reported yesterday that it has found enough evidence to justify a probe into E&Y’s role regarding the bank’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 14, 2011 FINANCIAL TIMES DEUTSCHE BÖRSE-NYSE DEAL TO SAVE EXTRA $1BN FOR CUSTOMERS Deutsche Börse and NYSE Euronext, the exchange operators planning to create the world’s largest bourse, have significantly raised their estimate of savings by banks from the deal, saying customers would save about $1bn more than previously estimated. VICKERS MEMBER CALLS FOR REPEAL OF BANK [...]
Lehman Bros bonus case fails September 14, 2011 A bankruptcy judge has denied Lehman Brothers Holdings’ attempt to recover $500m (£317m) it alleges was supposed to go toward employee bonuses from Barclays. Lehman had said Barclays never gave the money to the employees and should send it back to Lehman for the benefit of Lehman’s creditors. Wednesday’s ruling is the latest instance of [...]
HSBC dropped from silver probe September 14, 2011 HSBC has for now been dropped from an investor lawsuit accusing it of conspiring to drive down silver prices, leaving JP Morgan Chase as the only bank defendant in the case. Investors had in a raft of complaints filed in 2010 and 2011 accused banks of amassing hundreds of millions of dollars in illegal profit [...]
