Author: Sumon Admin

    Mark Carney warned the City of London that the “age of irresponsibility is over” as he unveiled a host of new sanctions and procedures designed to cleanse financial markets that have been tarnished by a tidal wave of rate rigging scandals. Speaking at the annual Mansion House dinner, the Bank of England’s Governor promised that traders fired for misconduct would have their full history made available to prospective employers. He also called for criminal sanctions to be “updated”, with longer maximum prison terms for rate-riggers. Mr Carney added that a “senior managers’ regime” would be extended beyond banks to cover asset managers and hedge funds, meaning that all those in charge of traders active in markets vulnerable to abuse will find themselves personally “on the ...

    The election of a new mayor for Tower Hamlets, prompted by the ejection of the last incumbent for widespread fraud, is already the subject of 16 separate allegations of electoral irregularities, police have confirmed. Four days before voters in the east London borough choose a successor to Lutfur Rahman, Britain’s first directly elected Muslim mayor, Met officers are assessing claims of the harvesting of postal votes, the use of “ghost” voters and the improper distribution of election literature, officials have told the Guardian. Mayoral candidates from the major parties say the fraught contest, to be held on Thursday, is far from a foregone conclusion. Some political pundits had predicted it would be an easy victory for Labour after an election court six weeks ago forc...

    Tributes have been paid to an aspiring young musician who was stabbed to death in the street in north London. Lukey Maxwell, 22 from Tottenham, was stabbed in the back in Northumberland Park, N17, in the early hours of Friday morning, police said. Mobo Award-winning rapper Chipmunk has paid tribute to his late friend on Twitter. Chipmunk, whose real name is Jahmaal Fyffe, wrote: Can't sleep or think straight. This one doesn't seem real. Friend: number one selling pop star and rapper ChipmunkHe later tweeted: Praying for their loved one's strength. RIP Lukey man. He always vouched for me. Another Twitter user, Malachi, tweeted: You know that's a clean hearted man when the whole of Tottenham and more are sending condolences. Rest up Lukey. Maxwell was found collapsed in ...