Revenge is best served cold, as Terry Smith hopes to demonstrate the when former Collins Stewart and Tullett Prebon director Michael Fallon is elected chairman of the Treasury Select Committee... more
Comment: The election must be viewed as one of the single greatest opportunities to bolster boardrooms with non-executive directors for many a year... more
Leading MPs called on the Government to force investment banks to be split from retail banks in its forthcoming legislation on banking regulation ... more
Please sir, in my next life can I be John McFall or, failing that, a member of his Treasury Select Committee? The reason I ask is that it must be great fun to sit in judgment on others, to not have a clue how their industry works or where they're coming from, and then to slag them off... ... more
Gordon Brown took a fresh battering as Labour MPs said he was “doomed” and former cabinet minister Charles Clarke said he was ashamed to be in the party... more
How intriguing. Just what were City minister Lord Myners and Commons Treasury Select Committee chairman John McFall talking about so animatedly the other night? ... more
The bankers have been given quite a kicking for their role in the financial crisis this week. But something else became all too clear in Westminster: almost no one on the Treasury Select Committee has a clue what they are doing. ... more
The defining moment of this supposed public humiliation came early on. It was when the bank chiefs were asked about their remuneration, whether they thought their company's bonus policy had contributed to the subsequent disaster. ... more
A new government agency to oversee the £37billion bank bailout was unveiled with a direct remit to get money flowing again to recession-hit businesses... more
Pressure is mounting for an in-depth investigation into the big three credit rating agencies, which stand accused of missing banking problems ranging from Iceland to the US subprime mortgage crisis ... more
The Bank of England was in turmoil after the resignation of Sir John Gieve, the deputy accused of neglecting his duties during the collapse of Northern Rock... more
Tonight:
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