What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
Lords told big four auditors pose systemic risk to British economy November 2, 2010 THE dominance of the “big four” auditing firms poses a systemic risk, the House of Lords Economic Affairs Committee was told yesterday. Managing partner of auditor BDO Simon Michaels said: “If one of the big four were to exit the market, without a plan B, there could be chaos.” The lords were asking about the [...]
CITY MOVES | WHO’S SWITCHING JOBS December 9, 2010 Adam & Company The private bank has hired Graham Storrie as managing director. He joins from parent company Royal Bank of Scotland, where he was most recently managing director of specialist advice. He brings with him over 30 years of experience in banking, investments and advice, having worked for organisations such as Standard Life, where [...]
CITY MOVES | WHO’S SWITCHING JOBS December 9, 2010 Adam & Company The private bank has hired Graham Storrie as managing director. He joins from parent company Royal Bank of Scotland, where he was most recently managing director of specialist advice. He brings with him over 30 years of experience in banking, investments and advice, having worked for organisations such as Standard Life, where [...]
CFO confidence crashes October 11, 2010 MORE than a third of chief financial officers expect a double dip recession as confidence crashes to its lowest level in 18 months. As a result, finance bosses are maintaining a strong focus on keeping costs down and three quarters warn against taking risks, according to a Deloitte survey. However, larger companies are no longer [...]
Deloitte weighs up contenders in hunt for chief executive April 20, 2010 DELOITTE is on the hunt for a new chief executive, as chief executive and senior partner John Connolly is set to step down next spring after a decade in the role. Connolly will leave the post after serving three terms, and he will be leading the campaign to fill the role within the coming months. [...]
Big Four set to face the Lords October 17, 2010 THE HEADS of the Big Four auditors are likely to face an influential House of Lords committee next month, in a probe into the lack of competition in the audit market and the role the firms played in the financial crisis. Watchdogs including the Financial Services Council (FRC) have submitted papers to the Lords’ Economic [...]
Why 2011 won’t be too bad after all January 3, 2011 FORECASTING may be a mug’s game but it is unavoidable at this time of the year. So here are a few of my predictions for 2011, together with some key themes to look out for and some lessons from last year. I was right to be sanguine about 2010’s UK growth prospects; the daily warnings [...]
City business still booming November 29, 2010 BIG four accountancy firm PricewaterhouseCoopers has maintained its lead as the firm with the highest number of FTSE clients in the third quarter ended 4 November, according to the latest research from business data firm Hemscott. The Hemscott Corporate Advisers Rankings Guide, which is published quarterly, also revealed yesterday that public relations agency Brunswick had [...]