Exclusive: Bankers Court PCC Chairman

By Mark Kleinman, City Editor The chairman of the Press Complaints Commission (PCC) is being lined up to orchestrate the creation of a new banking standards body that would have the power to ban individuals found guilty of malpractice. I have learned...

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Ofgem Pledges To 'Simplify Energy Market'

Ofgem has published plans that it says will create a "simpler, clearer and fairer" energy market. The regulator outlined a range of measures including scrapping confusing tariffs and forcing suppliers to tell consumers the cheapest deal available. ...

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Public Sector Net Borrowing Falls To £12.8bn

Public sector net borrowing falls to £12.8bn in September - the lowest figure for the month since 2008. The Office for National Statistics' data, which excludes financial interventions like bank bailouts, is £0.7bn lower than in September last...

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EU Agrees On Bank Supervisor After Compromise

European leaders have agreed to create a supervisor for all eurozone banks in 2013, after a disagreement between France and Germany threatened to derail the deal. By the end of a two-day summit of European leaders in Brussels, a 120bn euro (£97.5bn)...

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Rabobank Quits Cycling Over Armstrong Scandal

The Lance Armstrong doping scandal has prompted one of cycling's biggest sponsors to cut its ties with the sport. Rabobank had sponsored a professional cycling team for the last 17 years, but claimed the Armstrong affair was "the straw that broke the...

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HSBC Suffers 'Large Scale' Cyber Attack

Banking giant HSBC has revealed some of its websites were subjected to a "large scale" cyber attack that disrupted its online services on Thursday, but assured its customers their data was not compromised. In a statement, HSBC said its servers came...

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World's Oldest Vauxhall Car Up For Sale

The world's oldest Vauxhall is being put up for auction, after being owned by the same family for more than a century. The 1903 two-seater 5hp veteran is expected to fetch between £60,000 and £80,000 when it is sold by Bonhams next month. Vauxhall's...

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Exclusive: Debt Collector Eyes Deal

By Mark Kleinman, City Editor Britain's biggest debt recovery specialist is being courted about a merger that would create a financial services powerhouse, I have learned. Arrow Global, which is majority-owned by a fund managed by the taxpayer-backed...

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Google Beats Rivals With Low Price Laptop

Google is launching its new low-priced Chromebook laptop as rivals Microsoft and Apple prepare to release their latest gadgets. The lightweight computer will sell in the UK for around £200 and $249 in the US. It will go on sale early next week. It...

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BP Hones Tie-Up With Russia's Rosneft

By Mark Kleinman, City Editor BP is in talks to secure an indemnity against legal claims from a group of Russian oligarchs as part of a £16bn deal that would cement a partnership between two of the world's biggest oil companies. BP and Rosneft,...

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