Royal Bank of Scotland (RBS) chief executive Stephen Hester’s decision to give up his £1m bonus should be followed by thousands of other City fat cats who have filled their pockets while millions of shareholders suffered shocking capital losses over the last decade. Taxpayer ownership of 83pc of RBS raised public awareness of rewards for [...]
Crew Chief goes to finance.
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IMF chief offers nothing but platitudes
Christine Lagarde’s blood-curdling warning of a 1930s style depression is all very well as far as it goes, but she fails to provide anything in the way of solutions. After a brief interlude in which the multilateral response to the initial banking crisis seemed to be working, it is now manifestly failing. Presumably, Ms Lagarde’s [...]
New ECB chief must act as Europe again stares into the abyss
Welcome to Bedlam, Mr Draghi. Yes, it’s Mario Draghi’s first day in the office as the new European Central Bank president, and if he was hoping, after last week’s “comprehensive settlement”, for a reasonably settled start, he had better think again. We all know what Mr Draghi should be doing; he should be immediately reversing [...]
PM under pressure as police chief quits
Resignation of Sir Paul Stephenson, the UK’s top police officer, puts renewed pressure on the prime minister over the phone-hacking scandal View full post on Financial Times – UK Homepage
Cameron under pressure as police chief quits
Resignation of Sir Paul Stephenson, the UK’s top police officer, puts renewed pressure on the prime minister over the phone-hacking scandal View full post on Financial Times – UK Homepage
Police chief resigns after Brooks arrest
Former editor arrested by police investigating allegations of phone hacking and corrupting police officers by News International View full post on Financial Times – UK Homepage
Google chief defends investments
Larry Page defended the internet search company’s controversial investment priorities as it reported earnings for the second quarter that revealed an unexpected surge in revenues View full post on Financial Times – UK Homepage
Dow Jones chief under hacking pressure
Bid to deflect blame from James Murdoch and Rebekah Brooks as support comes from major Gulf shareholder View full post on Financial Times – UK Homepage
Endemol’s chief executive steps down
The independent television producer most famous for the Big Brother format has parted company with Ynon Kreiz, its chief executive View full post on Financial Times – UK Homepage