CITY VIEWS | WAS BOB DIAMOND RIGHT TO QUIT? July 3, 2012 ANDREAS KLEIN MIZUHO I think it’s great to take the media heat off the banks, but it’s unfortunate because Diamond was a great chief executive of the bank. He’s the fall guy of an unfortunate story – it’s a shame but it had to be done. t’s a shame but it’s a move that had [...]
Stelios boosts bid to oust Rake July 3, 2012 SIR Stelios Haji-Ioannou yesterday escalated his efforts to oust Sir Mike Rake as EasyJet chairman by filing papers for an extraordinary general meeting of shareholders. “Everyone can see Mike Rake’s deep conflicts of interest and entrenched positions in the disgraced City establishment,” he claimed, questioning the former Barclays boss’s ability to run a public company [...]
Treasury wants to jail reckless bank directors July 3, 2012 RECKLESS bankers who take excessive risks could end up in jail under plans unveiled by the Treasury last night. Following the Financial Services Authority report that revealed widespread management failures in the run-up to the collapse of RBS, the government also wants to make it harder for the bosses of failed banks to take up [...]
City regulator to review market supervision after Libor scandal July 3, 2012 THE FINANCIAL Services Authority (FSA) is reviewing how wholesale markets are supervised following the interest rate-setting scandal, its chairman Adair Turner said yesterday. “There are no free lunches, and shoddy wholesale practice is not a victimless act, even in those cases where it is not defined as a crime,” Turner told the watchdog’s final annual [...]
Barroso: Bank sins show need for a Tobin tax July 3, 2012 BANKING scandals such as the Libor fixing case have strengthened the case for imposing a Tobin tax on the financial sector, the president of the European Commission said yesterday. Jose Manuel Barroso praised the EU’s moves towards tougher regulation of finance. “Whilst the proposal for a financial transaction tax has unfortunately not met with unanimous [...]
Murray: I’ve got the edge over Ferrer on grass July 3, 2012 BRITISH No1 Andy Murray insists that playing on Wimbledon’s grass surface could make the difference for him today as he anticipates a difficult quarter-final contest against Spain’s David Ferrer. Seventh seed Ferrer defeated Murray 6-4, 6-7 (7-3), 6-3, 6-2 in the last eight of last month’s French Open but the Scot believes that the clay [...]
Spurs to let Villas-Boas spend July 3, 2012 TOTTENHAM chairman Daniel Levy will back new manager Andre Villas-Boas in the transfer market as the North London club aim to secure a return to the Champions League. Villas-Boas yesterday signed a three-year contract to succeed the sacked Harry Redknapp at White Hart Lane and, Levy has confirmed, will be given the funding necessary to [...]
Batsmen will inspire England to series win July 3, 2012 England face Australia at Edgbaston today with the momentum in this one-day international series. If they can triumph again then they’ll know they’re on their way to a series win. If they take a 5-0 victory, they overtake Australia as the world’s top one-day side, but talk of a whitewash remains premature. This isn’t a [...]
Chambers makes Olympics cut July 3, 2012 OLYMPICS: Sprinter Dwain Chambers, a former drugs cheat, has controversially been selected in Team GB’s athletics squad for London 2012. Among those joining him is Jessica Ennis, Mo Farah, Phillips Idowu, Dai Green and Christine Ohuruogu.
Sagan wins his second Tour stage July 3, 2012 CYCLING: Peter Sagan yesterday won the third stage of the Tour de France, his second of the race. The Liquigas rider won the 197km stage from Orchies to Boulogne-sur-Mer to add to his first-stage victory.
