Telegraph.co.uk
FSA to add two new divisions in 'radical' overhaul, says chief ...Telegraph.co.ukThe Financial Services Authority is to be restructured, with two new divisions added as part of an overhaul that Hector Sants, the chief executive, says will complete the "radical internal reforms" he initiated. By Peter Taylor Under changes to take ...FSA overhauls operational structureCitywire.co.ukFSA Will Combine Risk Functions in Internal OverhaulBloombergUK's FSA unveils new structure to beat bank crisesReutersifaonline.co.uk -Investment Executive -Money Marketingall 18 news articles »
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Daily Mail
Standard Chartered needs PeaceFinancial TimesThey searched far. They searched wide. They considered more than 50 candidates. But in the end, Standard Chartered's directors chose as chairman a man with no direct commercial banking experience. The demand for untainted banking talent ...CORRECTED - UPDATE 3-Peace named StanChart chairman, to quit ExperianReutersCORRECT: Standard Chartered Names Peace As ChairmanWall Street JournalStandard Chartered Increases Peace's Pay to $1.88 MillionBloombergDaily Mail -AFP -ShareCastall 54 news articles »
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'Rogue trader' suspected of running up £6m crude oil loss at ...Telegraph.co.ukA "rogue trader" is suspected of causing $10m (£6m) of losses at the London office of PVM Oil Associates, the world's biggest broker of over-the-counter oil derivatives. By Rowena Mason A senior, long-standing broker, believed to be Steve Perkins, ...PVM Loses Almost $10 Million in Rogue Crude Oil Futures TradesBloombergOil Broker Hit By Rogue TraderForbesRogue PVM oil broker costs firm $10 millionguardian.co.ukShareCast -New York Times -This is Londonall 31 news articles »
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Telegraph.co.uk
Government greed caused the collapse of the east coast rail franchiseTelegraph.co.ukIt was obvious that National Express's ridiculous bid to run the east coast rail franchise would end in tears. Ministers should have laughed when the firm offered to pay £1.4bn for an ...More National Express franchises could be nationalisedU.TVPM lets train take the strainTeleTextFailed rail firm National Express in state handsMirror.co.ukguardian.co.uk -Financial Times -Northumberland Gazetteall 703 news articles »
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Telegraph.co.uk
Ramsay has his own kitchen nightmare as profits collapseThe HeraldAfter a dicey financial year and controversy over an offensive outburst against an Australian TV star, it would appear celebrity chef Gordon Ramsay's recipe for success has turned slightly sour. The foul-mouthed host of Ramsay's Kitchen Nightmares, ...Gordon Ramsay suffers profit nightmareTimes OnlineProfits gobbled up at Gordon Ramsay's restaurantsAFPDisastrous year: Gordon Ramsay's profits fell by 87 per cent in 2008Daily MailBloomberg -The Press Association -Sky Newsall 98 news articles »
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Telegraph.co.uk
New MPC member David Miles says the recession may be overTimes OnlineThe worst of the recession and the housing slump is probably over but Britain is set for an “anaemic” recovery with little chance of returning to buoyant growth, the newest member of the Bank of England's rate-setting committee warned yesterday. ...MPC's Miles casts doubt on growth prospectsThe HeraldMPs query MPC conflict of interestFinancial TimesUK lawmakers query FSA role of BoE's MilesForbesTelegraph.co.uk -The Press Association -RTT Newsall 24 news articles »
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Telegraph.co.uk
Bank of England's property expert David Miles says housing crash ...Telegraph.co.ukThe worst of the housing market crash is now over, David Miles, the Bank of England's new resident expert on the mortgage and property market, claimed yesterday. By Edmund Conway, Economics Editor Professor Miles, who wrote a Treasury report on ...UK lawmakers query FSA role of BoE's MilesForbesBanks prepare to lend again as 'worst passes'Times Online'Worst of UK house price fall over'The Press AssociationRTT News -Sky News -London South Eastall 22 news articles »
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Intermediate Capital Group launches discounted rights issue for £366mTelegraph.co.ukIntermediate Capital Group, the mezzanine finance house, is calling on shareholders for £366m with a heavily discounted rights issue. By Peter Taylor The group, which specialises in providing loans to fund private-equity buy-outs, said it would use the ...Financial News: Largest Shareholder To Back ICG Rights IssueWall Street JournalIntermediate Capital to Raise 351 Million PoundsBloombergIntermediate Capital boosts investment warchestReutersShareCast -Reuters UK -This is Londonall 15 news articles »
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BBC News
Salmond slams Diageo managementBBC NewsFirst Minister Alex Salmond has condemned management at Diageo the day after the company said it planned to cut up to 900 Scottish jobs. The posts will go with the closure of its Port Dundas distillery in Glasgow and a packaging plant in Kilmarnock. ...Salmond talks tough over Diageo job cutsstv.tvDiageo overhaul to cost 900 Scottish jobsTimes OnlineDiageo cuts 900 Scottish jobsTelegraph.co.ukguardian.co.uk -Scotsman -Cumnock Chronicleall 297 news articles »
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Oil Broker Hit By Rogue TraderForbesLONDON -- An employee at an oil futures company in London has allegedly made unauthorized trades that cost the company almost $10 million, prompting fresh concerns on the security of financial trading and about oversight on various prop desks. ...PVM Loses Almost $10 Million in Rogue Crude Oil Futures TradesBloomberg'Rogue trading' costs London oil broker $10mTelegraph.co.ukRogue PVM oil broker costs firm $10 millionguardian.co.ukShareCast -This is London -FT Alphavilleall 28 news articles »
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