What is the Lord Mayor’s ‘Restoring trust in the City’ initiative all about? Corporate governance adviser Richard Sermon, who was Chairman of the Advisory Board of the previous Lord Mayor of London’s initiative, spells out a seven-point plan.

Can the City of London become the conscience of the financial world, asks Michael Smith

Are we still facing a global Greek tragedy? The austerity measures voted through in the Greek parliament, to prevent a default on its sovereign debt standing at around 150 per cent of GDP, may only have ‘kicked the can down the road’, as a British commentator puts it. They are no guarantee that the Greeks will stomach the cuts or that Greece will not default on its debt, putting the future of the eurozone at risk. A Greek debt default would have serious knock-on effects on other weak European economies including Ireland, Portugal and Spain, and throughout the global financial system.

Brendan Barber, General Secretary of Britain’s Trades Union Congress, criticised the short-term, “quick buck” mentality of hedge fund managers and called for fundamental change in the core values of banking with an emphasis on “public interest”.

Exibido na TV Channel 4, no Reino Unido, a história do banqueiro indiano J. S. Parthibhan e seu trabalho para oferecer microcrédito para os moradores de Tamil Nadu.

Todos los días entre semana, por la noche, el Canal 4 de televisión en el Reino Unido, transmite un corto documental de tres minutos, en la serie titulada “three minute wonder” (maravillas en tres minutos), inmediatamente después del noticiero de la noche. El jueves 14 de enero, el documental fue sobre el banquero indio JS Parthibhan y su trabajo para ofrecer microcréditos a los habitantes de Tamil Nadu.

Every weekday evening Channel 4 TV in the UK broadcasts a short three-minute film, under the series entitled 'three minute wonder', immediately after the main evening news. On Thursday 14 January, the 'three minute wonder' was about South Indian banker J S Parthibhan and his work to provide micro-credit to the villagers of Tamil Nadu.

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