Vince Cable wants regulators to define the duty of investment managers to “act in good faith”, as part of the Government’s bid to curb the City’s “quick buck” mentality.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Kweku Adoboli’s former UBS colleague launches online gambling site
Just months after being fired for colluding with the UBS “master fraudster”, Kweku Adoboli’s former colleague has set up a new enterprise – in online gambling.
Big banks are good for society, says George Osborne
Big banks are good for Britain and must not be broken up, according to George Osborne, as he argued the country’s largest lenders were beneficial to society.
Government set for new red tape overhaul
The Government’s flagship deregulation policy is to be radically overhauled following criticisms that a promise to “light a bonfire” on red tape has failed to materialise.
Britain’s car industry pushes for lending to its suppliers
Britain’s car industry will bring together the country’s biggest lenders and the automotive supply chain on Wednesday in an attempt to boost lending and investment in the sector.
France stripped of prized ‘AAA’ credit rating by Moody’s
France has suffered a serious blow to its economic credentials after being stripped of its prized AAA credit rating by Moody’s.
Labour MP Margaret Hodge challenged over family firm’s tax
Margaret Hodge’s position as chairman of the Public Accounts Committee has been called into question following embarrassing revelations over the tax affairs of Stemcor – the £6.3bn-turnover business controlled by her family.
RBS sends small business bankers back to school
Royal Bank of Scotland attempts to revive “relationship manager driven model” with project to take staff back to basics – and put them to work in customers’ companies.
Slow payment of suppliers under attack from MPs
Large businesses and public sector bodies have faced stinging criticism from MPs for their “shocking and indefensible” treatment of small suppliers.
Sluggish start for StartUp Loans scheme
Government schemes designed to let young entrepreneurs access loans and give larger companies expert growth advice are failing to live up to the billing they were given by ministers, the shadow business secretary has warned.
Moneysupermarket founder Simon Nixon moves to Jersey over tax
Simon Nixon, founder of price comparison website Moneysupermarket.com, is moving to Jersey to save millions of pounds in tax.
UK may never recover £66bn spent to rescue banks – MPs
Taxpayers may never recoup the £66 billion of public money that was spent buying shares in RBS and Lloyds Banking Group, MPs warn today.
CBI calls for ‘three or four industrial Olympics’
The CBI has called on the Chancellor to fund a £1.5bn giveaway to business and launch several “industrial Olympics” in his Autumn Statement next month as part of measures to resuscitate growth.
John Lewis launches apprenticeship programme
Department store chain to take on 80 apprentices before the end of 2012.
Comet jobs fear as Deloitte start consultations
The administrators to Comet are to launch consultations with all of the electrical retailer’s staff as fears mount over the future of more than 6,000 jobs.