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 [...]
Banks plan an elite currency deal platform December 9, 2010 BIG banks frustrated by the opening of foreign exchange markets to greater competition plan to launch a rival, bank-only currency dealing system, City A.M. learned yesterday. The move aims to restore their level of influence in currency markets, which has declined since the Icap-owned EBS trading platform was opened to non-bank institutions such as high-frequency [...]
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 [...]
Ferrovial to kick off sale of BAA stake this week November 28, 2010 SPANISH builder Ferrovial plans to begin the sale of a tenth of airport operator BAA this week to cut its €24.5bn (£20.8bn) debt. The group is understood to have hired investment banks Goldman Sachs and HSBC to sell a 10 per cent stake in BAA, which owns London’s Heathrow and Stansted airports as well as Southampton, [...]
£23m payout softens blow to Geoghegan September 26, 2010 MICHAEL GEOGHEGAN, the outgoing chief executive of HSBC, will have earned a potential payout of up to £23m by the time he leaves the bank next year, in the wake of an effective coup at the helm of the group. Geoghegan is in line for a severance payout of £1.24m, while he is also eligible [...]
CITY MOVES | WHO’S SWITCHING JOBS December 14, 2010 IG Group IG Group has appointed Christopher Hill as its new chief financial officer from April next year. In his new role he will also be a member of the group’s board, helping to make strategic decisions about the company. To take the job, he will be moving over from his role as CFO of Travelex, [...]
FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]
FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]