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RBS Chairman Stands Firm After Forced Exit Of Boss Hester

Showing You The Door

All chief executives had to come to terms with professional mortality, Stephen Hester said last year. "Chief executive jobs bring with them job insecurity … I've always accepted that part of it is that I will not exit in a way and timing of my choice," Hester said.

Fidelity Star Bolton To Retire After Poor China Returns

Chinese Flag

Renowned investor, Anthony Bolton is set to retire from Fidelity next year after three decades working in the fund management industry, ending his career with what he described as "disappointing" returns for investors after his bullish views on China failed to pan out.



American flag

Wall Street turmoil could slow cooling IPO market

The stock market turmoil of the last five days, following weeks of broader declines that have left half of this year's newly listed stocks below their offering prices, could slow the already cooling U.S. market for initial public offerings.