Now for justice for the 96, say Hillsborough campaigners September 12, 2012 HILLSBOROUGH campaigners last night demanded the punishment of those involved in covering up details of the disaster and a new inquest into the deaths of 96 Liverpool supporters following the publication of an independent report into the 1989 stadium crush. The Hillsborough Independent Panel found that South Yorkshire Police amended 164 statements to reflect better [...]
US accuses BP of “gross negligence” over Deepwater Horizon September 5, 2012 The US Department of Justice is ramping up its rhetoric against BP for the massive 2010 oil spill in the Gulf of Mexico, describing in new court papers examples of what it calls “gross negligence and wilful misconduct”. The court filing is the sharpest position yet taken by the US government as it seeks to [...]
Grieve orders probe into SFO February 14, 2012 MINISTERS have ordered an inquiry into the running of the Serious Fraud Office following the collapse of a string of major investigations. The review, which will begin next month, will be carried out by the head of the Crown Prosecution Service Inspectorate and will look at SFO cases and how it chooses investigations. Dominic Grieve, [...]
Oi, Love, yer nicked for this cop flop September 13, 2012 FILM THE SWEENEY 15 | * Nick Love’s adaptation of classic 70s cop series The Sweeney opens with an aerial shot of the London skyline. These aerial shots recur throughout, and combined with the frequent mobile phone conversations and scenes inside cars, the whole thing is a bit like an episode of the apprentice, only [...]
Oi, Love, yer nicked for this cop flop September 13, 2012 FILM THE SWEENEY 15 | * Nick Love’s adaptation of classic 70s cop series The Sweeney opens with an aerial shot of the London skyline. These aerial shots recur throughout, and combined with the frequent mobile phone conversations and scenes inside cars, the whole thing is a bit like an episode of the apprentice, only [...]
Guilty: Adoboli gets seven years for trading fraud November 20, 2012 ROGUE former UBS trader Kweku Adoboli, whose unauthorised trades lost the Swiss bank $2.3bn (£1.4bn), was yesterday jailed for seven years after being convicted of one of the biggest frauds in British history. Adoboli, once pegged as a rising star on the Exchange Traded Fund desk at the bank’s Finsbury Avenue offices, was found guilty [...]
Deeper cuts will restore Britain’s fiscal credibility March 15, 2012 THIS week Fitch joined Moody’s in placing the UK’s AAA rating on negative outlook. This should send the clearest possible message to those calling for looser fiscal policy in next week’s budget. In truth, the chancellor should tighten policy, because his reputation for fiscal credibility is already at stake. Confronted by poor economic growth last [...]
MPs furious at slippery Bob’s question dodge July 4, 2012 BOB Diamond frustrated MPs yesterday by failing to answer critical questions and raising more questions about the bank’s actions. Treasury select committee (TSC) chairman Andrew Tyrie called Diamond’s recollections “somewhat implausible,” and said he hopes to speak to the Bank of England’s Paul Tucker “very shortly” to find out more details. Tucker has asked the [...]
BANKS GO UNDER THE MICROSCOPE July 2, 2012 DAVID Cameron yesterday announced two wide-ranging inquiries into the banking system, pledging to probe the “culture and standards of the industry and bring those responsible for fixing the Libor interest rate to justice”. “The British people want to see bankers who acted improperly punished,” Cameron told the House of Commons. The news came soon after [...]
HSBC braces for $1bn US penalty July 11, 2012 BANKING giant HSBC plans to “acknowledge and apologise” for failing to spot and deal with money laundering within the bank during a US Senate panel hearing next week, according to an internal memo sent by its chief executive. “It is right that we are held accountable and that we take responsibility for fixing what went [...]