City & Business: Bankers aren't bonkers
Sunday 14 September 1997
Last week's episode featured Commerzbank, a German outfit that was probably minding its own business before it suddenly became NatWest's latest suitor. I believe that makes 34 potential candidates mentioned in the same breath as NatWest in the last two years, the next breath usually being taken up with a critique of chief executive Derek Wanless. This column has always been a supporter of Mr Wanless: at a time of bonkers share ratings and unremitting City pressure, sensible management is crucial to the health of a bank. Need one mention the words "Third World" and "debt"?
The same could be said of the Prudential. After the news of Jim Sutcliffe's departure from the board, the worry is that while the Pru will have to make some wise decisions in the near future about how it plays the merger game, it is becoming a little depleted at senior management level and still has the small matter of pension mis-selling to sort out. Let's hope the Prime Minister does not make too many demands on Sir Peter Davis over the next few months.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
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