Investments News

Report says bankers should face jail if mistakes repeated

The Parliamentary Commission on Banking Standards has published its report

The Parliamentary Commission on Banking Standards recommends that senior bankers and regulators should face possible jail sentences if they repeat the mistakes of the past.

Osborne denies pushing Hester out of RBS

George Osborne said he was consulted over the decision

The Chancellor, George Osborne has denied that he was involved in pushing out RBS chief executive Stephen Hester from his job, saying he was consulted but the decision was made by the bank's board.

Osborne to outline Lloyds privatisation plan at Mansion House

Details of the sale of Lloyds shares could emerge this week

The chancellor, George Osborne, is expected to use the Mansion House speech to the City on Wednesday to set out initial plans on the re-privatisation of Lloyds Banking Group.

Hester reveals his thoughts on leaving RBS

Stephen Hester reveals his thoughts on his imminent departure from RBS

The chief executive of the Royal Bank of Scotland reveals that he is happy with his unexpected departure from the bailed-out bank.

Bermuda says no to tax agreement putting G8 consensus at risk

David Cameron chairs the G8 summit next week

One of the UK's overseas tax territories, Bermuda, is refusing to sign a multilateral tax agreement, undermining David Cameron's aim of reaching a cross-border agreement on the sharing of tax information.

Hester pushed out as RBS boss ahead of public share offering

Stephen Hester, the man flown in to save RBS after it required a £45bn bailout has been forced out of his post as the government tries to get the bank ready for re-privatisation.