More than £5bn was wiped off HSBC’s stock market value Monday after Britain’s biggest bank reported lower than expected profits and warned of the risk of investigations by regulators around the world.
The Financial Conduct Authority has watered down plans to make banks’ boards criminally liable for the company’s actions after lobbying by the financial industry.
No more white flags ?
Here we go again.
Citigroup awarded co-President Jamie Forese about $13.7m in compensation for 2014, or 4% more than Chief Executive Officer Michael Corbat.
Eugene Gokhvat, a money manager at $15bn BlueCrest Capital Management, is leaving the hedge fund firm run by Michael Platt, according to two people familiar with the matter.
The Daily Mail reports that Rothschild is believed to be considering the move after Ed Balls promised to introduce a windfall tax on bankers’ bonuses in the first year of the next parliament if Labour comes to power.
Two former Barclays stockbrokers can keep nearly $4m in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms.
A trio of cross-border M&A deals announced this week pushed the level of announced cross-border deal making to $138.0 billion for year-to-date 2015, a 20% increase compared to a year ago and the best annual start for cross-border M&A since 2007.
HSBC cut CEO Stuart Gulliver’s compensation by 5.1% to $12m in 2014 as Europe’s largest bank reported weaker-than-estimated full-year profit.
The UK arm of Qatar Islamic Bank has been fined £1.4m by the Bank of England for significant failings which left it undercapitalised and exposed to too high a level of risk.
Forget about all those sophisticated recruiting techniques. Here's a simple way to select the right candidates for jobs.
In these days of psychometric profiling, assessment centres and all the other sophisticated methods now at the disposal of firms to identify what makes a critical hire, there are also several alternative means by which to identify that perfect new recruit.