Paul Stephenson News
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The U.K.’s Financial Services Authority plans to cut in half both the time it takes startup banks to get approval and the amount of capital they must hold, in a proposal due today.
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U.K. Metropolitan Police Chief Paul Stephenson resigned over “accusations” about his force’s links to a former News Corp. journalist arrested in connection with a probe into phone hacking at the News of the World tabloid.
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Paul Stephenson, who announced his plan to quit as London’s police chief two days ago, said he hadn’t intended any attack on Prime Minister David Cameron in his resignation statement.
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The Metropolitan Police commissioner who resigned as a result of News Corp.’s phone-hacking scandal told a judge-led inquiry into media ethics that commanders were “obsessed” with their portrayals in tabloid headlines.
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The London Metropolitan Police agreed that its hiring of former News of the World editor Neil Wallis should be reviewed after Mayor of London Boris Johnson had a “very frank discussion” with Police Commissioner Paul Stephenson, a spokesperson for Johnson’s office said in an e- mailed statement today.
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Mayor of London Boris Johnson accepted Metropolitan Police Commissioner Paul Stephenson’s resignation “with great sadness” and “reluctance,” he told Sky News in an interview.
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U.K. Prime Minister David Cameron cut even more time off a trip to Africa to deal with the deepening phone-hacking scandal at Rupert Murdoch’s News Corp. after two senior police officers resigned.
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Metropolitan Police Commissioner Paul Stephenson, who announced his resignation two days ago, said he had “no reason” to suspect a former News of the World journalist of phone-hacking when he worked for the police.
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The head of Scotland Yard resigned yesterday, hours after former News of the World editor Rebekah Brooks was arrested as the scandal over phone hacking at the now-defunct News Corp. tabloid widened.
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Britain’s police watchdog cleared former Metropolitan Police Commissioner Paul Stephenson and his deputy John Yates in relation to a botched phone-hacking investigation of News Corp.’s News of the World tabloid.
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