News

The board at Barclays was told in February that the relationship between the bank's senior management and the FSA had "broken down", according to the chairman of the Treasury Select Committee.

Members of Parliament have called on Bob Diamond to give up his payout from Barclays following the LIBOR scandal that has engulfed his former bank.

Bob Diamond has told MPs he feared Barclays would be nationalised during the credit crisis because of its high borrowing rate.

David Cameron has said the LIBOR manipulation scandal is the result of "spivvy and probably illegal" activity but has declined calls for a judge-led inquiry into the affair.

This afternoon Barclays' former chief Bob Diamond faces a barrage of questions from MPs over the LIBOR scandal which has rocked the UK's banking system.

Three former members of Neptune's sales team, headed by John Lester, have joined Argonaut Capital Partners.

The Bank of England's deputy governor Paul Tucker has asked to be allowed to address the Treasury Select Committee following the revelation he contacted Bob Diamond to discuss Barclays' LIBOR submissions.

The chairman of the Financial Services Authority (FSA) has defended the current system of regulatory fees and levies for small firms, arguing they are proportionate to the size of the firm.

Investment Week's rising star Kyle Caldwell has scooped a prestigious award for his coverage of the investment trust industry.

Sarasin & Partners has promoted three members of its team to partners.