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Man Group's New Head May Struggle To Stop The Rot

Pumpkin - Michele L

In the good old days, when Peter Clarke was finance director of Man Group, his job was to count the winnings as the AHL computer programme churned out excellent investment returns and enormous management fees. Back then, annual cash bonuses of £5m or £7m were the norm in the boardroom and executives could expect even bigger windfalls when their share options matured. AHL was a sensation, averaging an 18% annual return.

HSBC - Too Big To Be Indicted ?

Department Of Justice Logo

U.S. state and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.