HSBC Chief: 'Swiss Bank Claims Are Painful'

By Mark Kleinman, City Editor Revelations about tax-dodging activities facilitated by the private wealth arm of HSBC have been painful and frustrating, the bank's chief executive told staff on Friday as he conceded that it had failed to meet the standards...

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Is Apple Building Top Secret Electric Car?

Is Apple Building Top Secret Electric Car? We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close The man in charge previously led teams developing the iPod and iPhones Apple...

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ITV's Norman Courted Over Tesco Chairmanship

By Mark Kleinman, City Editor Tesco has approached the former Conservative MP Archie Norman about becoming its chairman as the UK's biggest retailer nears a decision on a crucial component of its revival plan. Sky News has learnt that Tesco has been...

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Russia Warned Over Ukraine Truce Failure

Russia has been warned sanctions will be ramped up if the truce to end the Ukraine conflict is not fully implemented. The ceasefire is due to come into force on Sunday following 16-hour talks between Russia, Ukraine, France and Germany. Previous...

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Greek Crisis: Merkel Offers Olive Branch

Germany has relaxed its fierce opposition to an easing of the bailout demands faced by Greece, though there are no signs a new deal is imminent. German Chancellor Angela Merkel offered an olive branch at a summit of EU leaders in Brussels after...

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German Economic Growth Picks Up Speed

Evidence is mounting that Europe's largest economy is on the path to recovery after its latest GDP figures beat expectations. Official figures showed Germany achieved growth of 0.7% in the final three months of last year. The performance followed...

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Greek Bailout Talks Fail To Find Way Forward

Talks between Greece and its eurozone creditors have broken down without even agreement on a way forward as the country seeks to ditch its bailout deal. Following a seven-hour emergency meeting in Brussels, the two sides failed to even issue a statement...

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Tory Peer Says Miliband Tax Claim 'Defamatory'

A Conservative Party treasurer has hit back at a suggestion by Labour leader Ed Miliband that he was involved in "tax avoidance activities". Mr Miliband accused Lord Fink of seeking to avoid paying taxes by holding a Swiss bank account. But...

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Bank Whistleblower: I Tipped Off Taxmen In 2008

By Faisal Islam, Political Editor Herve Falciani, the man who exposed a tax scandal at HSBC by leaking thousands of account details from a Geneva branch, says he first raised concerns about suspect practices at the bank seven years ago. In an interview...

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Prices Spiral As Russia Economy Hits Thin Ice

Marina Gennadievna tends her hot dog stall all day in the bitter cold. She's bundled up in thick winter clothes, peering at customers from under her hat, huddled near the stove for warmth. It's -20C, but apparently this is nothing - the temperature...

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Cameron: 'It's Time Britain Had A Pay Rise'

David Cameron will call for business leaders to pass the benefits of economic growth and low oil prices to employees, saying Britain deserves a pay rise. In a speech at the British Chambers of Commerce annual conference today, Mr Cameron will say...

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Russia Looks With Envy At China's Economy

By Katie Stallard, Moscow Correspondent, in Blagoveshchensk Blagoveshchensk translates as the "city of good news", but there has been precious little of that for the Russian economy lately. The value of the rouble has plummeted and the country is...

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Labour Vows To Give New Dads Four Weeks Off

Labour will significantly boost paternity leave if it wins the election - doubling to four weeks the time fathers can take off and adding more than £100 a week to match the minimum wage. The plans are expected to cost the taxpayer at least £150m a...

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HSBC Helped Clients Dodge Tax - Report

HSBC's Swiss banking arm helped wealthy customers avoid tax and hide millions of dollars, according to a report by a network of investigative journalists. The British banking giant provided accounts to international criminals, corrupt businessmen,...

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Bank Warns Public On 'Free Trial Scams'

Royal Bank of Scotland (RBS) has called on regulators to intervene after accusing firms offering free product trials of taking its customers for a ride. The bank said that since June last year it had helped 37,000 customers halt charges, usually £80...

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