Bob Diamond, former chief executive of Barclays,  told the UK’s parliamentary commission on banking standards that he felt “physically ill” when he learned employees of the bank had been making false rate submissions in the Libor scandal. Photograph: Reuters/Dylan Martinez

In a memorable scene from the film Casablanca, Louis Renault, the affable but corrupt French police chief, closes Rick’s club. “I am shocked, shock(...)

Beware the wise words of others

Last week I got an email from a young reader asking me to pass on the wisest piece of advice that I had ever been given. I thought for a (...)

A worker carrying a box out of Lehman Brothers offices in London in September  2008

The photographs of Lehman Brothers employees leaving the bank’s New York headquarters carrying cardboard boxes stuffed with personal items were among (...)

Stocktake

Uncertainty in Syria has already hit global markets. Might a serious escalation of tensions hammer stocks?Unlikely. One famous study, What Moves Stock(...)