We need an open contest to decide who will run the Bank April 11, 2012 THERE is no doubt that George Osborne’s most important decision over the next few months will be who he appoints as the next governor of the Bank of England. That job, which becomes vacant next year, is by a huge distance the most powerful unelected position in the UK; its formal powers now span monetary [...]
Arsenal would be only other job for Sands April 11, 2012 UNTIL yesterday, Standard Chartered chief executive Peter Sands had allowed a hunch that he was seeking the job of Bank governor to become a gnawing possibility in the minds of many who work with him or are close to the emerging markets bank. Internally, he has often joked that the only job he would take [...]
Arsenal would be only other job for Sands April 11, 2012 UNTIL yesterday, Standard Chartered chief executive Peter Sands had allowed a hunch that he was seeking the job of Bank governor to become a gnawing possibility in the minds of many who work with him or are close to the emerging markets bank. Internally, he has often joked that the only job he would take [...]
CVC in £400m telecoms deal April 11, 2012 CVC CAPITAL Partners has underlined the private equity scramble to the East by agreeing to pay around HK$5bn (£405m) for the telecom and broadband assets of City Telecom HK. The London buyout firm will use its Metropolitan Light Company for Asia’s largest private equity-backed deal this year, which is funded with a HK$2.5bn loan from [...]
CVC in £400m telecoms deal April 11, 2012 CVC CAPITAL Partners has underlined the private equity scramble to the East by agreeing to pay around HK$5bn (£405m) for the telecom and broadband assets of City Telecom HK. The London buyout firm will use its Metropolitan Light Company for Asia’s largest private equity-backed deal this year, which is funded with a HK$2.5bn loan from [...]
Would YOU do the right thing? A business ethics quiz with a twist April 9, 2012 IMAGINE you return from the Easter break to face the following dilemma. You are a non-executive director of a firm of fund managers. One of your firm’s star managers, Brian Poole, after spells as a fund manager with a number of competitors, has now been with your firm for seven years. Due to his consistent [...]
Course selection is not easy in accountancy as all qualifications excel April 4, 2012 ACCOUNTANTS needn’t feel judged by their acronyms. While the ACA, the ACCA, the CIMA, and the CA all bear their own associations, accountancy qualifications are slowly shirking their historical prejudices. Nowhere is this more obvious than in their international recognition. The ACA, offered by the Institute of Chartered Accountants in England and Wales (ICAEW), has [...]
RBS takes hard line on new EU bonus attack April 4, 2012 BRITAIN’S banks are at odds over how to tackle a harsh new crackdown on bonuses proposed by MEPs, with taxpayer-owned RBS most keen to take a strong stance against the bonus curbs. It is understood that RBS has made the case for intervening promptly to head off an amendment tabled by Austrian MEP Othmar Karas. [...]
StanChart shuts in Afghanistan March 28, 2012 Standard Chartered has made plans to close its retail business in Afghanistan, transferring its operations to local bank Afghanistan International Bank. Standard Chartered’s business in Afghanistan consists of one branch, nine ATMs and gross assets of $229m (£144.2m). Subject to regulatory approval, StanChart will maintain a correspondent banking relationship with the local bank that will [...]
BREAKING NEWS: MEE TO RUN BLINDFOLDED March 27, 2012 Sky Sports presenter Sarah-Jane Mee is one of a handful of celebrities who have agreed to run the Standard Chartered Great City 5km Race blindfold on July 12 in aid of Seeing is Believing, a charity that has helped 25m people with sight problems. £5 of every runner’s entry fee will go towards the charity [...]