David Cameron announces inquiry into banking industry

PM says inquiry will report back by Christmas so that its proposals can form part of the financial services bill David Cameron has announced that a joint committee of MPs and peers will investigate the banking industry by the end of the year, in the wake of growing political anger at recent scandals. Its remit […]


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Barclays chief complains to MPs over tax avoidance scheme closures

Bob Diamond says Treasury move inflicted ‘unnecessary damage’ on the bank’s reputation Bob Diamond, chief executive of Barclays, has complained to MPs about the “unnecessary damage” inflicted on the bank’s reputation after the move by the government in February to close two “aggressive” tax avoidance schemes. In a letter to Andrew Tyrie, the Conservative MP […]


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