Outlook Clara Furse's appointment to the Financial Policy Committee of the Bank of England has taken a considerable amount of flak thanks to her previous role on the board of Fortis.
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David Prosser: The man from the Pru fights for his future
Wednesday 02 June 2010
Outlook Should he stay or should he go? There is no doubt the credibility of Tidjane Thiam, of whom so much was expected on his accession to the chief executive's office at Prudential just eight months ago, has been severely damaged by the AIA debacle. But has it been damaged so badly that he cannot continue in the role?
Paul Mumford: Investors will toast the demise of 'a deal too far'
Wednesday 02 June 2010
The brusque rejection by AIG of Prudential's reduced offer for its Asian unit, AIA, looks likely to be the death blow that finally puts this audacious bid – already floundering in the face of an unprecedented shareholder rebellion – out of its misery. Should Pru's management and its lofty-thinking chief executive, Tidjane Thiam, fail to see the writing on the wall, the bid will almost certainly not be approved at its extraordinary general meeting on Monday.
Margareta Pagano: AIA deal: The Pru can pull it off if the price is right
Sunday 30 May 2010
UK banking ban for former RBS boss Johnny Cameron
Tuesday 18 May 2010
The former boss of Royal Bank of Scotland's investment banking business has been banned from ever holding a senior role in the City again, it was announced today.
Former RBS boss Johnny Cameron 'will not fight FSA City job ban'
Monday 17 May 2010
The former boss of the Royal Bank of Scotland's investment banking arm Johnny Cameron will be formally banned from taking any more top jobs in the City this week.
Breaking up is hard to do, but that is what will happen to British banks if Vince Cable gets his way
Sunday 16 May 2010
It was in 1933, just a few years after the Great Crash, that Washington's politicians inflicted their retribution on Wall Street's banks for their part in the country's economic downfall.
David Prosser: The hunt for credit crisis justice
Friday 07 May 2010
Outlook Slowly but surely, the Financial Services Authority is reaping its vengeance against the individuals it believes were most culpable for the UK end of the financial crisis in 2008. First there was action against several directors of Northern Rock; now the regulator looks set to ban the former Royal Bank of Scotland investment banking chief Johnny Cameron from taking roles above a certain level in financial services, at least for a while.
Former RBS executive faces senior City jobs ban
Friday 07 May 2010
The City watchdog is set to ban the former head of investment banking at Royal Bank of Scotland from taking senior jobs in the financial services industry, following a year-long investigation into the division.
Leading article: Prudence with a purpose
Thursday 06 May 2010
The Financial Services Authority (FSA) has put a hold on the Prudential's Asian adventure. Details of the insurer's £14bn fund-raising drive to buy an Asia-based rival were expected to be published yesterday morning. But the financial services sector regulator is reported to have forced a delay after raising concerns about how financially stable this deal would leave Prudential.
David Prosser: New Prudential boss seems accident prone
Thursday 06 May 2010
Outlook Tidjane Thiam knows a thing or two about coups, having been ousted from a ministerial post in the Ivory Coast government in 1999 by just such a rebellion. If he's not careful, he might find himself on the end of a similar plot courtesy of Prudential shareholders. A man whose intellect and talents were trumpeted from the rooftops on his appointment last year is rapidly beginning to look accident prone.
Santander's patriarch does things his own sweet way
Friday 30 April 2010
RBS will urge shareholders to 'trust us' after pay climbdown
Monday 26 April 2010
Neville Richardson : A merger of mutuals in interesting times
Monday 26 April 2010
Goldman's Blankfein to testify alongside trader
Thursday 22 April 2010
Lloyd Blankfein, the chief executive of Goldman Sachs, is considering making a high-risk appearance in front of a US Congressional hearing, alongside the 31-year-old trader at the centre of allegations that Goldman misled clients over toxic mortgage investments before the credit crisis.
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