Klitschko set for final fight July 2, 2012 BOXING: WBC heavyweight champion Vitali Klitschko will fight Germany’s Manuel Charr in Moscow on 8 September, and may retire afterwards to pursue a career within politics. “I will make a decision after the election,” he said. “Charr is young, hungry and undefeated. He is afraid of nobody, always marching forward.”
Lavezzi latest to join PSG July 2, 2012 FOOTBALL: Argentinian international forward Ezequiel Lavezzi has agreed a four-year contract to leave Napoli and sign for Paris St Germain. “There is a great project here, the opportunity to win titles and I want to contribute to that,” said Lavezzi. “This club will be even more important in the future.”
Fabio jumps through Hoops at loan July 2, 2012 FOOTBALL: QPR have signed Manchester United left-back Fabio da Silva on a season-long loan. “I’m so happy to be here,” he said. “This loan is so important for me in terms of my career. I want to play as many games as possible here.” Fabio’s twin brother, Rafael, meanwhile, has signed a new four-year contract [...]
Dernbach to miss rest of series July 2, 2012 CRICKET: Surrey bowler Jade Dernbach will miss the remainder of England’s one-day international series against Australia with a side strain suffered during their six-wicket victory on Sunday. But England are hopeful James Anderson will be fit for the rest of the series, despite his groin injury.
Barclays to hold internal review of its practices July 2, 2012 BARCLAYS yesterday promised to hold an independent audit of its business practices following its record-breaking £290m fine for abuse of the Libor interest rate. Pledging that all findings will be made publicly available, Barclays said it will “undertake a root and branch review of all of the past practices that have been revealed as flawed [...]
Paul Tucker could be called before MPs over Libor scandal July 2, 2012 TOP Bank of England policymaker Paul Tucker could face a grilling from MPs over his relationship with embattled Barclays chief executive Bob Diamond, if members of the influential Treasury Select Committee (TSC) get their way. “It is highly likely we will want to cross-examine top officials from the Bank of England, as well as the [...]
PROFILE: DEPUTY BANK GOVERNOR PAUL TUCKER July 2, 2012 BEING dragged into the Libor fixing scandal has done no favours for Paul Tucker’s ambitions of becoming the next governor of the Bank of England. Current Bank chief Mervyn King is due to step down in the summer of 2013, and Tucker has long been expected to have his hat in the ring to replace [...]
Bob Diamond says sorry to staff for reputational damage to bank July 2, 2012 BARCLAYS chief executive Bob Diamond yesterday tried to put to bed any rumours that he might be leaving the bank after it was shamed with a £290m fine for fixing the Libor interest rate. In a memo issued to staff, the Barclays chief executive said: “I understand why the reaction has been severe. No one [...]
Regulator says fine will not be isolated case July 2, 2012 BARCLAYS’ record fine for rigging Libor interest rates should be a “watershed” moment for the wider financial industry to clean up its act and restore public trust, the head of enforcement at the City watchdog said yesterday. The Libor penalty and last week’s news that the UK’s top four banks mis-sold interest rate swaps to [...]
Sir Stelios calls for Rake’s head over the fiasco July 2, 2012 EASYJET founder Sir Stelios Haji-Ioannou yesterday weighed in to the furore surrounding the Barclays Libor-fixing scandal, calling for the head of Sir Mike Rake. Rake, the Barclays senior independent director who was yesterday promoted to deputy chairman, also serves as chairman of EasyJet. “As Mike Rake is chairman of the relevant audit sub-committee and a [...]
