Toronto Mayor Rob Ford, who has admitted to using crack cocaine, allegedly offered C$5,000 ($4,682) and a car to a gang member for a video showing the mayor smoking the drug, according to court documents released today.
Porter Airlines Inc.’s bid to more than double its flight network by flying Bombardier Inc. jets from the Toronto island airport suffered a setback after the city said it needs more time to study the proposal.
Allegations that Paul Flowers, the former Co-Operative Bank Plc chairman, bought crack cocaine and crystal methamphetamine may assist the lender in securing enough support from bondholders to approve its overhaul today.
Chancellor of the Exchequer George Osborne was defeated by lawmakers demanding a licensing regime for U.K. bankers, after he pushed back an attempt to force the break-up of banks with both retail and investment arms.
Chancellor of the Exchequer George Osborne accused the Labour Party of taking money and soft loans from Co-Operative Bank Plc, elevating a dispute over the opposition’s links with the institution now under investigation.
The Financial Conduct Authority may expand the investigation of Co-Operative Bank Plc after the lender’s parent surrendered control of the unit and former Chairman Paul Flowers was arrested, the regulator’s chief executive officer said.
Residential property taxes in Toronto will rise 2.5 percent next year to help finance a subway expansion and to cover costs to host the Pan American Games, according to the draft budget released today.
U.K. Chancellor of the Exchequer George Osborne ordered an independent inquiry into events at Co- operative Bank Plc after the lender’s parent ceded control and former Chairman Paul Flowers was arrested.
Paul Flowers, the former chairman of Co-Operative Bank Plc, was arrested as part of a drug investigation after he was filmed buying crack cocaine by a U.K. newspaper, a person with knowledge of the matter said.