Page 2320 


Row For Charity

Royal Hospital for Neuro-disability

The Royal Hospital for Neuro-disability (RHN) is holding the first land-based corporate rowing challenge aboard London's best-known warship on 15 September 2010.

Top Firm Accused Of Bad Behaviour

The Guardian reports that Guy Hands's private equity firm, Terra Firma, has filed court papers in New York accusing Citigroup of fraud, claiming that it was tricked into buying music company EMI in 2007.

Bob Diamond To Become CEO of Barclays

Barclays has announced that John Varley intends to step down as Group Chief Executive, and from the Barclays Boards and the Group Executive Committee, on 31 March 2011, and that he will be succeeded by Robert E Diamond Jr.

CEOs Who Cut the Most Jobs Earn More

CEOs of the 50 US firms that have laid off the most workers since the onset of the economic crisis took home 42 percent more pay in 2009 than their peers at S&P 500 firms, according to 'CEO Pay and the Great Recession', the 17th in a series of annual Executive Excess reports from the Institute for Policy Studies.

More On Banker Compensation

The Financial Times reports that UK Chancellor George Osborne has said that he will press on with plans to make banks reveal publicly the number of employees who make in excess of £1m ($1.54m) a year, despite media reports that he is 'losing his nerve' following pushback from City lobbyists, who claim that publication of the numbers will in some way enable competitors to work out how much individual bankers are earning.

New Travel Scheme Will Enable Londoners To Overcome Disruption

Here Is The City can exclusively reveal that London Mayor Boris Johnson is dusting off a revolutionary plan to get Londoners to work on time, overcoming all the issues related to strikes on the tube network, signal failures and other delays which cost billions in lost productivity.

Goldman Shuts

Bloomberg reports that, according to unnamed 'people with knowledge of the decision', Goldman Sachs is to close its 65 / 70-person prop trading unit in order to ensure early compliance with new US financial regulation legislation.