to get powers to curb UK banker bonuses - Darling < ');" class="size11 blue"> RateCity regulators are to be given new powers to stop bankers receiving bonuses that "would cause instability" to the financial system, British finance minister Alistair Darling said in a newspaper interview on Sunday.Speaking to the Sunday Telegraph he said banking needed to change and that financiers had to see themselves...
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ST. ANDREWS, Scotland: British treasury chief Alistair Darling urged the world's top finance officials on Saturday to reach an agreement on bearing the cost of fighting climate change before a UN summit on global warming next month. Addressing finance ministers and central bankers from the Group of 20 rich and developing nations at the start of roundtable talks in Scotland, Darling said officials need...
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pre-Budget report will take place on Wednesday 9 December, Chancellor Alistair Darling has announced.Mr Darling will be expected to chart out the road to economic recovery and give more details of how he plans to halve the deficit over four years.All parties have admitted that spending cuts will be needed to achieve this but the Tories want them to begin now.The pre-Budget report will be the last before...
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visitAlistair Darling, the U.K.'s Chancellor of the Exchequer, lambasted the former shareholders of Britain's failed and government-rescued banks for what he called their failure to exercise their responsibilities as owners.PLC and HBOS, he said: "Their shareholders clearly didn't ask the right questions. They didn't take their stewardship seriously," and that, "There are huge questions to be asked...
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British treasury chief urges world officials to reach agreement on climate change costsAn anti-G20 protestor displays a banner saying "Nae Tae G20" (No to G20) during a small protestBritish treasury chief Alistair Darling urged the world's top finance officials on Saturday to reach an agreement on bearing the cost of fighting climate change before a UN summit on global warming next month.Addressing...
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The U.K.'s top treasury official Sunday said the government is starting a process to rebuild the country's banking system, likely pressing major divestments from institutions and trying to attract new retail banks to the market."I would hope that you would have perhaps three new entrants over the next few years," U.K. Chancellor of the Exchequer Alistair Darling said on the BBC's Politics Show.News...
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hinted today that the government will offer a partial compromise over his plans to scrap tax relief onbackbenchers, demanding the government rethink the plan, announced at the Labour conference. More than 80,000 people have signed a petition on the Downing Street website calling on Gordon Brown to reverse the move. Gordon Brown wanted to free up the cash to increase the spread of nursery places for...
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Back in the delirious days of cricket's reformation, when two national teams became one, the 'C'mon Aussie C'mon' jingle summed up Australia's opening-batting depth.It went like this: "For openers we're looking pretty good, with bats like Darling, Hilditch, Laird and Wood." Thirty years on, a new rendition could be penned around Simon Katich, Shane Watson, Phil Hughes, Phil Jaques and Chris Rogers...
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Alistair Darling, 'We are creating a strong and vibrant financial services sector for the future'It was groundhog day in the Square Mile yesterday as the Chancellor, Alistair Darling, unveiled his second attempt to revive Britain's "zombie" banks in just over a year.Lloyds and Royal Bank of Scotland were allocated a further £39.2bn to prop them up, just 13 months after the Treasury injected £35bn into...
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BANKERS’ contracts could be ripped up by City regulators and their banks fined under tough new powers designed to prevent another collapse of the financial system.Alistair Darling, the chancellor, will publish legislation this week that includes curbs to prevent the “casino” activities of the banks.The financial services bill, to be introduced in the Queen’s speech on Wednesday, will hand fresh responsibility...
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