33 h. ago Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade agoBusiness live –latest updatesSwitzerland’s federal prosecutor has filed charges against the failed bank Credit Suisse and its new owner, UBS, over the long-running “tuna bonds” loan scandal that crashed Mozambique’s economy nearly a decade ago.The Swiss attorney general said on Monday that it had brought money-laundering charges against an unnamed employee of Credit Suisse, but was also taking action against the lender and its rival-turned-owner UBS. Continue reading...

Events

43 h. ago 'I started with nothing!': Second home owners on banks of stunning Lake Windermere rip into Labour's 'unfair' mansion tax raid for being 'wrong on every level'

Businessman David Sutton, 64, has three homes which stand together overlooking one of Britain's most stunning vistas: Lake Windermere. But even he is selling up.

Society

47 h. ago 'I started with nothing!': Second home owners on banks of stunning Lake Windemere rip into Labour's 'unfair' mansion tax raid for being 'wrong on every level'

Businessman David Sutton, 64, has three homes which stand together overlooking one of Britain's most stunning vistas: Lake Windemere. But even he is selling up.

Society

8 d. ago 'I went to view £2.2m house near Buckingham Palace and made despicable discovery'

David Burnip was left horrified when he viewed a five-bedroom house in Pimlico, London, which was on the market for £2.2million - and it was in a very sorry state

Economics

1 week ago Cheque mate – trying to prove who you are to your own bank: the Edith Pritchett cartoon

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Politics

2 w. ago US probes firms that borrowed $400mn from private credit giant HPS

BlackRock-owned lender has accused companies controlled by Bankim Brahmbhatt of ‘brazen’ fraud

Economics

2 w. ago Judge to approve $7bn settlement with OxyContin maker that requires Sackler family members to pay victims

Deal would also require multibillionaire family to give up ownership of the Connecticut-based firmA federal bankruptcy court judge on Friday said he would approve OxyContin-maker Purdue Pharma’s latest deal to settle thousands of lawsuits over the toll of opioids that includes some money for thousands of victims of the epidemic.The deal overseen by US bankruptcy judge Sean Lane would require some of the multibillionaire members of the Sackler family who own the company to contribute up to $7bn and give up ownership of the Connecticut-based firm. Continue reading...

Events

2 w. ago Mayfair flat previously owned by a banking tycoon hits the market for £39.5M (but it only has four bedrooms!)

The penthouse, nestled in the heart of Mayfair and overlooking Green Park, has hit the market for £39.5million.

Economics

3 w. ago Bank of England proposes ownership limits in new stablecoin rules

The plans indicate that individuals will be limited to owning up to £20,000 in UK stablecoins that are considered systemically important.

Politics

3 w. ago Fall and redemption of Becker and Wiggins shows sporting glory does not deliver purpose or meaning | Cath Bishop

Books by former champions demonstrate powerfully that we should not accept abuse and suffering as ‘the price of winning’. Sport must do moreViewed through one end of the lens, the two new autobiographies from the sporting legends Boris Becker and Bradley Wiggins might seem like classic tales of the downfalls of two deeply flawed heroes who then claw their way back to redemption. But viewed through the other end of the lens, we see troubling portrayals of an extremely inhumane and, at times, unsafe world of sport where talent is no saving grace, in fact it’s more of a liability.There are striking similarities between the stories of two different characters, sports, countries and generations. Both went bankrupt. Both made bad choices and admit their agency in their own demise. Both hit rock bottom and found themselves stripped bare of all dignity, be it in a prison cell or snorting cocaine in a toilet. Becker was convicted by a British court on four counts out of 24 and ended up in pr...

Politics

3 w. ago Disney's enormous new £900m cruise ship saved from scrapyard finally ready to set sail

The Global Dream ship was saved from the scrapyard by Disney after it was put up for auction following the bankruptcy of its previous owner, Genting Hong Kong in 2023

Economics

3 w. ago Luxurious beach hut on one of Britain's most picturesque coasts goes on the market for the same price as four

Hut 363 sits on Mudeford Spit, a remote sandbank in Christchurch Harbour, Dorset, that can only be reached by a 20-minute walk, land train or short ferry ride.

Economics

4 w. ago Gopichand Hinduja, head of Britain’s richest family, dies aged 85

Billionaire businessman’s family owns Hinduja Group, which has interests across oil, banking and real estateBusiness live – latest updatesGopichand Hinduja, the billionaire head of Britain’s richest family, has died aged 85.Hinduja died on Tuesday in London after a long illness, a spokesperson said. Continue reading...

Events

4 w. ago Gopichand Hinduja, head of Britain’s richest family, dies – reports

Billionaire businessman’s family owns Hinduja Group, which has interests across oil, banking and real estateBusiness live – latest updatesGopichand Hinduja, the billionaire head of Britain’s richest family, has died aged 85.Hinduja died on Tuesday in London after a long illness, according to reports. Continue reading...

Events

4 w. ago US mass murderer George Banks dies in prison 43 years after rampage

Banks was convicted of killing 13 people, including his own children, in 1982 shooting in Wilkes-Barre, PennsylvaniaGeorge Banks, one of the most notorious mass murderers in the US, has died.Banks, 83, died Sunday afternoon at Phoenix state prison in Pennsylvania, the state department of corrections said. Banks died of complications from renal neoplasm, or kidney cancer, said Montgomery county coroner Dr Janine Darby. Continue reading...

Events