Expect a wave of City bankers suing for bonuses September 9, 2009 AT FIRST glance the news that a group of City workers is suing a bank for refusing to pay out guaranteed bonuses seems to have few wider implications for the Square Mile’s financial institutions. According to a claim filed yesterday, 72 former Dresdner Kleinwort employees are seeking €33m (£29m) they say they were promised as [...]
CITY CAN BE THE CRUNCH CASE CAPITAL September 8, 2009 ANTHONY MATONPARTNER AT HAUSFELD & CO LLP SINCE the credit crunch started in the US in 2007, the subsequent banking crisis has spread across the globe. The UK’s legal profession may have suffered as a consequence, but we have also been presented with a golden opportunity to position London as the international venue of choice [...]
AIG faces Madoff action August 19, 2009 BATTERED insurer AIG has been hit with a class action lawsuit in connection with Bernard Madoff’s $60bn (£36bn) Ponzi fraud. A wealthy couple who lost out in the scandal are accusing AIG of “calculated efforts” to redefine the terms of insurance contracts to get out of coughing up to cover their losses. The couple, Robert [...]
Introducing competition will improve healthcare August 17, 2009 AS AN American who has lived in the UK for 11 years, I love both countries. The debate over healthcare has reminded me of my heritage as a daughter of a physician. Obama is courting America to extend healthcare coverage in the US, triggering a mild UK/US incident and crashing Twitter. What many people outside [...]
Reasons to be cheerful August 17, 2009 IF YOU believe the old Rodgers & Hammerstein song, all you need to do to lift your mood on a bad day is to whistle a happy tune – if only life really were so simple. But it seems that a positive outlook has worthwhile outcomes beyond merely getting you more easily through the day. [...]
Reasons to be cheerful August 17, 2009 IF YOU believe the old Rodgers & Hammerstein song, all you need to do to lift your mood on a bad day is to whistle a happy tune – if only life really were so simple. But it seems that a positive outlook has worthwhile outcomes beyond merely getting you more easily through the day. [...]
CITY BACK FROM WEEK OF FROLICS AT COWES August 9, 2009 THE weather-beaten City sailing crowd are back in the City this week after the annual Cowes week regatta, probably feeling a touch worse for wear after the closing celebrations at the weekend. Carphone Warehouse tycoon Charles Dunstone was celebrating winning the overall trophy for his class, after his boat Rio finished ahead of the pack [...]
BARCLAYS HIRES CLINTON SPINNER PENN FOR POST-CRUNCH COUNSEL August 5, 2009 BARCLAYS has brought in the big guns. Actually, it’s just the one gun, but they don’t come much bigger – Mark Penn, the American political pollster-cum-public relations guru who numbers both the Clintons, former UK Prime Minister Tony Blair and Microsoft boss Bill Gates among his powerful clients. Penn is the worldwide chief executive of [...]
Benitez seals 20m swoop for Aquilani August 5, 2009 LIVERPOOL manager Rafael Benitez yesterday moved quickly to fill the gap left by Xabi Alonso by agreeing a £20m fee with Roma for Italy midfielder Alberto Aquilani. While Alonso was completing his protracted £34m transfer to Real Madrid, Benitez wasted no time in replacing the Spaniard by confirming a deal for Aquilani. The 25-year-old is [...]
The making of a French fashion icon July 30, 2009 FilmCOCO BEFORE CHANELCert: 12A SOME bad PR about Gabrielle, aka Coco, Chanel emerged on the release of this film, namely that she was anti-Semitic and homophobic (traits she pre shared with her Nazi live-in lover during the Occupation of Paris). Audrey Tautou herself, who plays Chanel, prattled on about it in interviews. But when did [...]