Ok, so the UK government has a penchant for PR gaffs and own-goals - the grannie and pasty taxes immediately spring to mind - but surely even Prime Minister David Cameron wouldn't sign-off on having a Goldman executive follow Mervyn King as Governor of the Bank of England ?
A new service has been launched aimed at mobilising public anger over executive pay.
Another firm responding to the investor fightback.
The New York Times reports that George E. Doty Sr., a former partner at Goldman Sachs and longtime watcher of the investment bank’s finances, died on Tuesday at his home in Rye, N.Y. He was 94.
Schroders has announced that its wholly owned subsidiary, Schroder Singapore HoldingsPrivate Limited, has reached agreement to acquire 25% of the share capital of Axis Asset Management Company, the Indian asset management business of Axis Bank Limited.
That counts as serious dissent. Almost one in three declined to approve Barclays' remuneration report; more than one in five voting shareholders do not want Alison Carnwath, head of the pay committee, to continue to serve as a director.
Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (NYSE: WFC), today announced that a definitive agreement has been reached to acquire Merlin Securities, LLC, a San Francisco and NYC-based prime brokerage services and technology provider. Terms of the agreement were not disclosed.
Shareholders have demonstrated their mounting anger over runaway boardroom pay, delivering a huge protest against Barclays pay policies - including the £17m package for chief executive Bob Diamond.
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Realising that there's to be no 'get out of jail free card' for the next ten years or so, and that making easy money from a career in the markets is history, means that many bankers are now questioning their place in the scheme of things.
The largest hedge fund firm in the world has made a killing this year by correctly predicting two big trends: the continued decline of the euro and a delay in increasing U.S. interest rates.
The Securities and Exchange Commission announced fraud charges against former NFL player Will Allen and a business partner, accusing them of operating a $31 million Ponzi scheme.
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