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Consultancy Industry News

FSA calls Sir Fred Goodwin to account over RBS unravelling »
Sir Fred Goodwin has been summoned by the Financial Services Authority to answer questions about Royal Bank of Scotland’s management in the run up to its near-collapse in October 2008. (Jun 15, 2010)

‘A disloyal, dishonest, criminal cheat’ – bank boss denounces rogue trader »
Jérôme Kerviel, the rogue trader accused of losing almost €5 billion, was denounced by a former boss as criminal, dishonest, disloyal and a cheat at his trial in Paris yesterday. (Jun 14, 2010)

Vantis shares suspended amid survival fears »
The crisis surrounding Vantis, the AIM-listed accountancy firm, deepened today as the group asked for trading in its shares to be suspended amid doubts over its ability to survive. (Jun 14, 2010)

OBR slashes economic growth forecasts »
Q&A: what is the Office for Budgetary Responsibility? LIVE: question to the experts on inflation (Jun 14, 2010)

BP shares dive amid US senators’ £20bn escrow plan »
Read how BP managers face years in jail and how America snubbed British offer of help with spill at The Times's new website (Jun 14, 2010)

TfL cashes in and checks out of Shard »
Transport for London will abandon its plans to move into the Shard at London Bridge after a deal that allows the skyscraper’s owners to find tenants willing to pay a much higher rent. (Jun 14, 2010)

Shareholders plug into Grid fundraiser »
Investors have given the thumbs up to the biggest rights issue by a British utility. (Jun 14, 2010)

Resolution in talks with AXA for life unit »
Resolution, the insurance buyout vehicle, detailed its plans today to acquire the majority of AXA's £2.75 billion life assurance division. (Jun 14, 2010)

Vince Cable backs break-up of big banks »
Vince Cable, the Business Secretary, has given official backing to recommendations that call for investment banks to be broken up. (Jun 13, 2010)

Return Fares: Ministers put supersaver plan to rail bosses »
MINISTERS have asked train companies for ideas to cut the cost of running the railways — and have told them they can keep half the savings. The idea is to give the firms an incentive to agree to changes in their contracts. (Jun 13, 2010)