Why are the Queen’s cleaners paid less than the living wage? | Rowan Davies

Domestic work is worthwhile stuff – whoever does it. And it’s not so hard to avoid being exploitative or disrespectful The recent story about the royal household advertising cleaning jobs at less than the national living wage adds a pungent top layer of Downton to the uncomfortable politics of household work. It’s easy to be […]


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Barclays boss has long ‘to do’ list

Antony Jenkins has plenty to be getting on with since replacing Bob Diamond as he attempts to repair the bank’s reputation Barclays’ warning that a US regulator is accusing it of attempting to manipulate electricity prices is just the latest item on the lengthy to-do list for new chief executive Antony Jenkins. Jenkins, who is […]


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Bob Diamond should explain Libor role in court, says judge

Barclays ‘being very coy’ about identifying staff involved in fixing scandal, says Mr Justice Flaux Former Barclays chief executive Bob Diamond and other bosses there could be hauled before the high court to explain what they knew about the Libor interest rate fixing scandal. A high court judge has ruled that a landmark trial into […]


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RBS suspends senior trader in Libor investigation

Jezri Mohideen, head of rates trading, was suspended as the bank awaits a fine for its role in the rate-fixing scandal Royal Bank of Scotland has suspended one of its most senior traders in London in the latest development in the Libor fixing scandal for which the bailed-out bank is bracing for a hefty fine. […]


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Don’t target this HBOS banker – the real enemy is the system that made him | Neal Lawson

I’ve changed my mind. I don’t want those at the bottom vilified and there’s no point doing the same to Peter Cummings The news that Peter Cummings, an HBOS banker, has been banned for life from working in financial services and fined £500,000 for his role in the banking crisis forces us to ask the […]


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Executive pay: Sir David Walker reignites disclosure debate

Incoming Barclays chairman, author of 2009 banking report, calls for firms to publish numbers of staff earning more than £1m Sir David Walker, the incoming chairman of Barclays, has reignited the debate over disclosure of top pay by calling for banks and other major companies to publish numbers on all staff earning more than £1m. […]


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Barclays’ new chief executive Antony Jenkins: profile

A career banker who started at Barclays almost 30 years ago Antony Jenkins, the new chief executive of Barclays, is a career banker, having started as a graduate recruit at the bank’s South Kensington branch almost 30 years ago. Unlike his predecessor Bob Diamond, however, Jenkins comes from the “safer” retail side of the industry […]


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Sir Mervyn King criticised for role in Bob Diamond exit

The influence that Bank of England governor Sir Mervyn King had in forcing out Bob Diamond as chief executive of Barclays illustrates the need for tougher oversight of the central bank, a powerful committee of MPs concludes in a report on the Libor-rigging scandal. The 122 page report by the Treasury select committeedescribes the culture […]


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David Walker draws up Barclays’ to-do list

Septuagenarian charged with rebuilding Barclays’ reputation after the Libor scandal says priority is finding a new chief executive Sir David Walker, the septuagenarian charged with rebuilding Barclays’ reputation in the wake of the Libor scandal, says finding a new chief executive is his number one priority, though a rewrite of the bank’s pay policy is […]


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Barclays pay chair Alison Carnwath quits

Non-executive director who clashed with the chairman over Bob Diamond’s bonus suddenly quits Barclays was mired in fresh controversy on Wednesday night after handing almost £9m to a top banker who left following the Libor scandal and after one of its highest profile non-executive directors suddenly quit, taking the toll at the top to four. […]


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