WHAT THE OTHER PAPERS SAY THIS MORNING May 15, 2011 FINANCIAL TIMES US TREASURY URGES DEBT ACTION Senior Treasury department officials have issued their starkest warnings yet that if Congress does not quickly raise the US debt limit to avoid a default, investors will punish the country and further damage its fiscal position. Neal Wolin, deputy Treasury secretary said: “In the current context of the [...]
RBS in £1.6bn legacy loans sale February 20, 2011 Royal Bank of Scotland is set to sell £1.6bn of unwanted legacy loans as the bank focuses on making disposals from its remaining £150bn of non-core banking business. The bank, which is set to report its full-year results on Thursday, is expected to report a pre-tax loss of around £600m for 2010. According to a [...]
Weale: Quarter three growth should show improvement August 18, 2011 Britain’s economy is likely to expand by more in the third quarter than it did in the second three months of the year, and a second round of quantitative easing is not needed now, Bank of England policymaker Martin Weale said on Thursday. Speaking to BBC Radio Scotland, Weale said he had ditched his call [...]
Weale: Quarter three growth should show improvement August 18, 2011 Britain’s economy is likely to expand by more in the third quarter than it did in the second three months of the year, and a second round of quantitative easing is not needed now, Bank of England policymaker Martin Weale said on Thursday. Speaking to BBC Radio Scotland, Weale said he had ditched his call [...]
Diamond to be paid £6.5m bonus March 7, 2011 Bob Diamond, the new chief executive of Barclays, will be paid a bonus of £6.5m for last year, according to Reuters sources. Barclays will reveal remuneration details for executives later on Monday, before the full release of its annual report. Diamond is one of the highest paid bankers in Europe and could prove to be [...]
Diamond to be paid £6.5m bonus March 7, 2011 Bob Diamond, the new chief executive of Barclays, will be paid a bonus of £6.5m for last year, according to Reuters sources. Barclays will reveal remuneration details for executives later on Monday, before the full release of its annual report. Diamond is one of the highest paid bankers in Europe and could prove to be [...]
Hester could get £4.5m in bonus deal March 8, 2011 THE CHIEF executive of state-owned lender Royal Bank of Scotland (RBS) could receive a bonus of up to £4.5m, under a long-term incentive scheme revealed last night. Stephen Hester could take home the all-share reward if he hits strict performance targets over the next three years, on top of a £2m bonus he will get [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2011 HSBC Private Bank HSBC Private Bank has appointed Katharine Brace as associate director on the media and entertainment team. Brace, who will report to Nick Price, managing director and global head of the media and entertainment group, joins from Barclays Wealth, where she was a vice president in the sports, media and entertainment team. Prior [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 14, 2011 FINANCIAL TIMES DEUTSCHE BÖRSE-NYSE DEAL TO SAVE EXTRA $1BN FOR CUSTOMERS Deutsche Börse and NYSE Euronext, the exchange operators planning to create the world’s largest bourse, have significantly raised their estimate of savings by banks from the deal, saying customers would save about $1bn more than previously estimated. VICKERS MEMBER CALLS FOR REPEAL OF BANK [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 14, 2011 FINANCIAL TIMES DEUTSCHE BÖRSE-NYSE DEAL TO SAVE EXTRA $1BN FOR CUSTOMERS Deutsche Börse and NYSE Euronext, the exchange operators planning to create the world’s largest bourse, have significantly raised their estimate of savings by banks from the deal, saying customers would save about $1bn more than previously estimated. VICKERS MEMBER CALLS FOR REPEAL OF BANK [...]