Sport on TV May 19, 2009 Cricket: Friends Provident Trophy, Warwickshire v Kent, Sky Sports 1, 10.30am. Tennis: Guinot Mary Cohr Masters, Andy Murray v Paul-Henri Mathieu, British Eurosport 2, from 12.30pm. Racing: Lingfield, Kelso At The Races, 2pm; Sedgfield & Worcester, 5.30pm. Football: Uefa Cup final, Werder Bremen v Shakhtar Donesk, ITV4, 7pm (ko 7.45pm). Speedway: British Final 2009, Sky [...]
West Brom denies it is in loans crisis May 17, 2009 WEST Bromwich Building Society yesterday denied that it is on the brink of failure after reports emerged that the Financial Services Authority (FSA) was seeking a “white-knight” bidder in a last-ditch effort to save the 160-year-old mutual. The regulator was said yesterday to have been so alarmed after seeing an early version of the lender’s [...]
MPS: CITY STILL DOESN’T GET IT May 14, 2009 THE CITY launched a counter-offensive against MPs yesterday, after the Treasury select committee criticised Lord Adair Turner’s review of regulatory reform and cast doubt on Sir David Walker’s suitability to lead a review of corporate governance in the banking sector. The influential group of MPs concluded in its report on the role of remuneration in the [...]
A Barclays sell-off would be a mistake May 14, 2009 IF Barclays does end up selling its Barclays Global Investors division to a rival such as BlackRock, it will be faced with two major problems. The first would be one of credibility: how can Barclays continue to operate as a universal bank if it lacks an asset manager? Selling iShares makes some sense; the business was [...]
Ratings firms slated in MPs’ crunch report May 14, 2009 CREDIT ratings agencies (CRAs) should bear some of the responsibility for financial instability, the Treasury committee said yesterday, as it revealed its report on corporate governance and remuneration at financial services firms in the wake of the credit crunch. The committee, led by Labour attack dog John McFall, said it was “deeply concerned by the [...]
CITY GIVES ITS VERDICT ON MPS’ FINDINGS May 14, 2009 CREDIT RATING AGENCIES“We remain deeply concerned by the conflict of interests faced by credit rating agencies and have seen little evidence of the industry tackling this problem with any sense of urgency. It is worrying that markets appear to have used credit rating agencies for more than they were designed to do.” AUDITORS“We note that [...]
BARACK OBAMA TO OVERHAUL BANK PAY May 13, 2009 US PRESIDENT Barack Obama yesterday opened talks with regulators and advisers over a revolutionary overhaul of the pay regimes at financial services companies. In a move that signals a new era for Wall Street, Obama is expected to implement measures to force firms to align pay with long-term performance, even if those firms have not [...]
BARACK OBAMA TO OVERHAUL BANK PAY May 13, 2009 Angela Knight, chief executive of the British Bankers’ Association, said regulation should be looked at globally.
The shape of things to come August 14, 2008 Government rules on green homes mean that eco-houses are coming. It’s time to get used to the idea, says Alex Delmar-Morgan Nobody denies that if the world heats up, we will have to change the way we live, build and get around. As recently as five years ago, phrases like “global warming” and “carbon emissions” [...]
MPC decision on knife edge August 4, 2008 The Bank of England Monetary Policy Committee’s (MPC) decision on interest rates on Thursday will be a close call according to leading analysts who believe a hike is possible. The nine-member committee, which has left rates on hold at 5 per cent for the past three months, was split three ways in July with the [...]