Sir Philip Green will have to make a generous offer to rescue the BHS pension scheme if he wants to save his reputation and knighthood, MPs have warned after a fiery six-hour hearing with the billionaire retail tycoon.
New research shows a Brexit could dent mergers and acquisitions and lead to talented financial professionals leaving the City.
Banks are facing their toughest squeeze on profitability in nearly two years as fierce competition in the financial services industry puts pressure on bottom lines.
Bank shares are likely to fall sharply if there was a vote for Brexit and dividend payouts to shareholders would be axed, according to a forecast by City analysts.
Grinding away at expenses.
'Unfortunately, it was his time.'
Waiting it out.
The billionaire businessman revealed there had been contact with the Pensions Regulator in recent days, adding (snidely): “The regulator made a phone call - maybe someone bought them a telephone.” However, his comments seem to make it difficult for him not to agree a pensions deal from here.
Unemployment dropped to its lowest rate since 2005 in April, to a level which without the looming Brexit vote would set off interest rate warning bells at the Bank of England.
Marks & Spencer has been criticised for cutting the pay of approximately 10% of its shop-floor workers by removing premiums for working Sundays and antisocial hours and trimming back bank holiday payments.
The Wall Street Journal reported that the Justice Department has suggested that the bank pay $14 billion to settle the cases.
mortgage securities probe
HSBC has defeated a class-action lawsuit by investors who lost money in Bernard Madoff’s fraud and claimed the bank ignored warnings while administering a group of 'feeder funds' that placed money with the con man.