Josef Ackermann, the chairman of Switzerland’s top-ranking Zurich Insurance Group and a former head of Deutsche Bank, has stepped down with immediate effect following the suspected suicide of the company’s chief financial officer.
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Wednesday 24 June 2009
Part-nationalised Royal Bank of Scotland lost more money than any other bank in the world last year, a leading industry journal declared today.
Monday 22 June 2009
Royal Bank of Scotland is set to reveal a £9.6 million pay package for its chief executive, it was reported today.
Friday 19 June 2009
Thursday 18 June 2009
Former Royal Bank of Scotland boss Sir Fred Goodwin bowed to public pressure today and offered to hand back more than £210,000 a year of his controversial pension payout.
Sunday 24 May 2009
Hoare Govett, the City stockbroker owned by Royal Bank of Scotland, is expected to face fresh turmoil this week when the head of its key smaller companies research unit quits.
Thursday 21 May 2009
Outlook Lord Myners, the minister for the City, made an appropriate stand-in guest speaker for the Investment Management Association's annual dinner the other night, because the man who was meant to give the speech was none other than John McFall, chairman of the very same Treasury select committee of MPs which has just issued a scathing report on Lord Myners' handling of Sir Fred Goodwin's pension. In it, Lord Myners is accused of naivety and failure to grasp the issue.
Friday 08 May 2009
Bad debts at part-nationalised Royal Bank of Scotland could soar to almost £12 billion this year, the bank said today.
Thursday 07 May 2009
Thursday 23 April 2009
Next led the retail sector higher last night, closing with gains of more than 7 per cent amid hopes of an earlier-than-expected recovery on the UK high street, which has suffered as the recession has gathered pace.
Thursday 09 April 2009
Much of Rob Owen's CV reads like that of a JP Morgan executive. For 17 years after graduation, his career trajectory was clear, with stints at Nomura International, Schroder Securities, and ABN-Amro propelling him towards a seemingly inevitable place on the board of a global investment bank.
Monday 30 March 2009
Sunday 22 March 2009
Friday 20 March 2009
The deputy chief executive of Royal Bank of Scotland told MPs yesterday that the Government-controlled bank was set to cut 2,700 UK jobs, 400 more than RBS had previously announced.
Thursday 19 March 2009
When staff at Euromoney were told they would have to take unpaid holiday this year, they took some comfort from their employer's reassuring promise that the measure would help to limit job cuts. Euromoney, however, seems to be telling the City something different. Analysts at Royal Bank of Scotland report: "Euromoney has stepped up its cost-cutting plans, with a target of taking out 15 to 20 per cent of group headcount this year (ie 350 to 400 jobs)." Lots of Euromoney staff are going to be taking even more unpaid holiday.
Monday 09 March 2009
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
- 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