Financial Sector


Is Xavier Rolet being forced out as London Stock Exchange chief?

London Stock Exchange

Did the board of the London Stock Exchange demand that its chief executive quit against his wishes? This simple question, you would assume, could be answered with little fuss. All that is required is an answer from either the chairman, Donald Brydon, or the chief executive himself, Xavier Rolet.

Gordon Brown memoirs: Barclays' RBS bid in 2008 is a staggering revelation

RBS building

Gordon Brown is not alone in thinking errant British bankers got off lightly in the 2008 financial crisis. We should also be worried that the former prime minister thinks the new criminal offence of reckless misconduct that causes a financial institution to fail, which was introduced after the crisis to address the perceived legislative weaknesses, may not be up to the job.