Anxious times at JPMorgan's London offices. While their US boss Jamie Dimon has been hailed for his deft handling of the crunch and his firm not once posting a quarterly loss (unlike virtually every other big bank), the City HQ of JPMorgan has been in almost permanent upheaval for the last 12 months... more
Just how wide is the opposition to Tony Ball being made ITV's next chief executive within the higher reaches of the broadcaster? Very, is the answer.... more
Senior executives at ITV have launched a desperate last-minute attempt to prevent former BSkyB boss Tony Ball being appointed chief executive of the commercial broadcaster ... more
The defection of a key welfare adviser and a spate of criticisms from senior figures are signs that the PM is becoming more isolated as his troubles deepen ... more
Analysis: The blame game over the banking crisis is in overdrive with the former heads of Royal Bank of Scotland and HBOS in the dock this week... more
Revenge, as everyone knows, is a dish best served cold, and Paul Moore must be feeling satisfied today. It's nearly four years since he was sacked by Sir James Crosby and for much of that time his claims, that he had been pushed out because of his warnings about the risks that HBOS was running, were ignored. Even last year, as the banks were sliding into the mire, his protests on the BBC did not gain much traction.... more
Today's tale is of two companies and the importance in an economic downturn of a strong balance sheet. In one corner is Rolls-Royce, which has spent the better part of £10 billion since 2001 on research and development, capital expenditure and so on, but is still sitting on £1.5 billion of net cash. ... more
As a barrage of criticism forces banking watchdog Sir James Crosby to resign, the Evening Standard's City Editor reveals how even the Government encouraged the money-men to carry on unabated ... 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
Banking: Claims by a former senior risk officer at British bank HBOS that he warned his bosses the bank was moving too fast have raised concern that risk warnings were ignored and put pressure on an ally of Prime Minister Gordon Brown... more
One of Gordon Brown's key City advisers has been accused of sacking a whistleblower who warned that risky bank practices would "lead to disaster"... more
Analysis: Britain's mortgage market is in crisis. Sir James Crosby's newly published Treasury report says net mortgage lending has slumped so calamitously that it could turn negative... more
House prices are set to collapse by 25 per cent next year as new mortgage lending dries up completely, the Treasury has warned in the small print of the pre-Budget report... more
Budget report: The mortgage market is set to get a multi-billion-pound boost after the Government was warned of the dire consequences for cash-strapped property owners... more
City Spy is sure most of the 5000 or so Lehman Brothers employees wondering where their next
all-expenses-paid lunch is coming from, will spare a thought for ousted US chief executive Joe Gregory... more
As Sarah Skelding's situation demonstrates, the problem of the housing crisis is not the difficulty in getting mortgage finance, but the fact that houses are grossly over-priced... more
The worse than expected fall in profits at Lloyds TSB and heavy bad debt charge is further evidence of the scale of damage done by the credit crunch to high-street lenders... more
There may be a three-way split at the Bank of England over what to do with interest rates, with some arguing for a cut, others a rise, and the rest no change at all. ... more
Britain's housing crisis deepened as the number of new home loans slumped to a record low and a government adviser warned of three more years of rising mortgage costs... more
Michael Grade has shaken up ITV, appointing the man who resigned as controller of BBC1 after the controversial clip of the Queen which appeared to show her storming out of a photo shoot... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
8°c
