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Outlook First Standard Chartered, then Experian, and now Sainsbury’s. It’s shaping up to be a year of boardroom upheaval, and it’s still only January. Who next? Well, a little bird tells me Schroders’ veteran chief executive Michael Dobson has sounded out confidants in the City about the idea of him becoming chairman of this granddaddy of fund managers, succeeding 69-year-old Andrew Beeson.

Satyajit Das: Trapped central banks and the semiotics of monetary policy

US Federal Reserve Chairman Ben Bernanke has introduced the term ‘taper’ to the lexicon of central banking. European Central Bank President Mario Draghi’s stated strategy is “whatever it takes”. Economic Commissioner Olli Rehn recently clarified that European policies were directed at ‘diluting’ not ‘breaking’ the link between banks and sovereigns.

Icap in a tumble despite big leap in bond trading on Fed's move

A huge surge in bond trading after the United States Federal Reserve shook markets with plans to slow its money-printing programme failed to save broking giant Icap from a City sell-off yesterday.

Donald Macintyre's Sketch: How David Cameron and William Hague got caught up in a battle of the sexes

David Cameron and William Hague got into similar trouble, but for exactly opposite reasons. If the Foreign Secretary had said “stupid person” or (admittedly a bit of a mouthful for an impromptu sedentary aside) “stupid Honourable Member”, he’d be home free. As the lip reading consensus was that he muttered “stupid woman” while Cameron was answering, or more accurately not answering, a hostile question from Labour’s Cathy Jamieson, he quickly became Twitter villain of the day.

Fund manager group in fresh fight with EU

The coalition of fund managers that led the campaign against an EU bonus cap is drawing up a code of standards over how their staff are paid to ward off further onerous proposals.

Hedge fund billionaire ‘to escape charges’

Billionaire hedge fund boss Steve Cohen is likely to escape criminal charges over one of the biggest cases of alleged insider dealing as US prosecutors fail to come up with enough evidence against him before a deadline at the end of this month.

Borrowed money will still be cheap when Nick Clegg, David Cameron and Ed Miliband go to the polls

EU: banker-style bonus curbs not for fund managers

Brussels has backed down on plans to impose strict bonus caps on fund managers operating across Europe in a move welcomed by the City.

Sources: IMF, OECD, Thompson Financial Datastream and Bloomberg

Hamish McRae: Working out how to quit QE will be new boy Carney’s first challenge

Mark Carney begins work at the Bank of England tomorrow. There is a great temptation, as you can see from the stuff that is being written about the appointment, to see this as leading to a significant shift in policy – something that will enable the UK economy to reach “escape velocity”. The fact that the Bank has been given additional responsibilities for regulating the banking system, making the job on paper at least more powerful, increases the temptation.

Anthony Hilton: Bonds show investors are upbeat about economy 

Scarcely a week goes by now without there being a bond issue for some mid-sized company, and this week was no exception with a convertible from Hansteen – a property firm specialising in industrial warehouses. 

Five Questions About: Annuity rates

Are they finally going up?

Ex rugby ace trades place with Tory hedge fund millionaire

One of the City's most colourful bankers, Alex Snow, is to become chief executive of Lansdowne Partners, the hedge fund manager which made a killing selling shares in British banks during the financial crisis.

Bank of England Governor Mervyn King's swansong: Markets have got it all wrong

Outgoing Governor says world economy still far too weak to allow interest rate rises

Hamish McRae: Bernanke sprang a bonds surprise but it may be for the best in the end

Ecnomic View: Understandably there has been criticism of the timing and phraseology of the Bernanke speech

Business week in review

In profit...

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music
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artAnd it's even for a good cause
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filmsDaniel Craig is believed to be donning skies as 007 for the first time
Life and Style
techCriminals are targeting an e-reader security flaw
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