Economics / Markets

The Bank of England (BoE) should have "shouted from the rooftops" about flaws in the system which could have prevented the banking crisis, governor Sir Mervyn King has said.

Fifteen years after Gordon Brown gave the Bank of England its independence, Dan Conaghan examines how it has fared.

The Dow Jones Industrial Average closed at a four-year high overnight Tuesday as investors flocked to US stocks amid the resurgence in the country's economy.

The Dow Jones Industrial Average closed at a four-year high last night as investors flock to US stocks amid the resurgence in the country's economy.

An inquiry into the "crucial issue" of corporate governance at Britain's top financial companies has been launched by the Treasury select committee.

FIVE THINGS

Sir Nigel Rudd, the former Citigroup banker, is in the running to become the next chairman of Prudential.

Some 1,400 jobs at Yorkshire and Clydesdale banks are to be cut, with the 29 of the banks' Financial Solutions Centres also set to close.

Hargreaves Lansdown co-founder Peter Hargreaves has seen his personal wealth fall by nearly £200m in the last 12 months, according to the latest Sunday Times Rich List.

Illusive trader Alan Howard has been ranked the wealthiest hedge fund manager as part of the Sunday Times Rich List, after his fund managed to outperform through the eurozone crisis last year.