The resignation of two key executives, a big restructuring likely in the offing, and $1.2bn in cost-savings to find. Is it 'game over' for this firm's global investment banking aspirations ?
Here's a couple of interesting quotes from Paul Venables, Hays' Finance Director.
Here's a few links to some interesting Bloomberg, New York Times and Reuters stories currently doing the rounds.
By Gary Mulgrew
Do you want a bigger house, but can’t afford to move ?
Completed Distressed Debt and Bankruptcy Restructuring activity totalled US$179.3bn during 2011, a 43.7% decline from last year. In terms of volume, the number of completed deals decreased by 24.9% to 416 transactions.
This is one amazing story.
Isn't it strange how there are so many differing estimates of the number of job losses likely at Royal Bank of Scotland's GBM unit, and that, as time goes on, the estimates get progressively smaller ?
By guest columnist Marisa R. Santoro
Here's the latest from our Highly Placed Professional
Vodafone has introduced a mandatory minimum maternity policy that requires all 30 of its globally operating companies to offer at least 16 weeks of fully paid leave to expectant mothers, even in countries like the US that have no paid leave requirements.
Pascal Soriot, the chief executive of the drugmaker AstraZeneca, saw his pay rise by 5% to £3.5m in 2014 after he helped resist a takeover approach from its US rival Pfizer.
The prospect of cheaper holidays in continental Europe this summer for British and American tourists has become closer after the euro tumbled on the foreign exchanges.