Financial Times general
MF Global loss estimate revised upwards
Trustee puts gap owed to futures customers at $1.6bn, up from $1.2bn, partly because of a reclassification
Categories: General
Greeks inflamed by bail-out demands
Mood darkens before parliamentary vote that political leaders cast as referendum on whether the country would stay in eurozone
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Cameron calls for truce on bonuses
David Cameron has called for a truce in the battle over bank bonuses in an attempt to repair fractured relations with the City
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Clegg fury at Tory moves to kill health bill
Deputy PM furious that three Conservative ministers have been lobbying against the health bill, amid fears the issue could split the Liberal Democrats
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Markets fall on failure to seal Greek deal
Investors wary after eurozone dismisses Greek budget cuts as incomplete, with a more sombre mood increasing demand for perceived havens
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Sarkozy outlines election platform
President expected to launch official candidacy next week with his party hold ing ‘big rally of support’ at weekend
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Fund chief arrested for insider trading
The head of Whitman capital has been charged with insider trading as part of the US government’s investigation into corruption on Wall Street
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The bulls return, but for how long?
Share indices are near 2011 highs but investors wonder whether the rally is sustainable as they point to the risks that could check the advance
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Obama relents on contraception coverage
The White House has been forced to modify a new rule requiring employers to offer health insurance covering contraception, after a conservative uproar threatened to revive the culture wars that once dominated US politics
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Valentine’s boost for online dating sites
The UK market, with about £120m a year in revenue, has more than 800 dating websites, many of which see an increase in activity from December to February
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QE adds to gloom for pension savers
Savers approaching retirement face further cuts to their pension income, following the resumption of the Bank of England’s gilt purchasing programme
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Fears of back-door commission
Most financial advisers say they plan to continue taking payments from product providers next year, rather than charging upfront fees to clients
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Pressure grows to arm Syria rebels
Arab and western states caught between allowing regime to continue its brutal crackdown and risk of escalating conflict by arming the rebels
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Citigroup took $50m loss over Libor probe
Enforcement agencies investigate bid by bank traders to influence global lending rates
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Tories tell Cameron to ditch health bill
The planned NHS reforms could prove ‘fatal’ to the Conservative party’s election prospects, according to an influential grassroots website
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Eurozone dismisses Greek budget deal
Eurozone finance ministers dismiss a reputed €3.3bn package of Greek budget cuts and send the country’s finance minister back to Athens
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IEA cuts global oil demand growth forecast
Stunted economic growth in Europe takes a toll as the IEA, the oil watchdog for industrialised countries, makes its sixth consecutive reduction
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Barclays caps bonuses as profits dip
UK bank capped investment banking bonuses at £65,000, with the overall bonus pool at the division down by a third to £1.5bn
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Japan willing to go alone on yen
Comments from finance minister could stoke tensions with the US over currency
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Chinese imports fall sharply in January
Chinese imports fell sharply in January on sluggish domestic demand, fuelling concerns about economic growth
Categories: General
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more