John Cryan, Deutsche Bank’s new CEO, will not present 'big bang' reforms when the supervisory board gathers Thursday evening, rather an acceleration of existing plans to shed assets and exit countries.
The CBI, working itself up into a fine fury, tells us the new national living wage will have a “dramatic impact” on corporate profits. Not at Next, it won’t, assuming the company’s chief executive, Lord Wolfson, has got his calculations correct, which is usually a safe bet.
Preparing for a possible stampede, the Irish discount retailer Primark had set up row upon row of crowd control barriers in front of its flagship Boston store – its first in the US. It didn’t need them.
Bank of America CEO Brian Moynihan was granted the additional title of chairman by the company and the board last year even though shareholders had voted five years earlier to separate the positions.
George Osborne has received a new warning about the potential impact of his new tax on banks amid concerns it will impede new entrants to the sector.
Sad to report.
A Citigroup trader fired amid a global probe into foreign-exchange rigging alleged that improper conduct was endemic in the bank’s currency-trading activities, ranging from front-running to disclosing client orders to competitors in a bid to boost the company’s own positions.
Five senior investment bankers are leaving Credit Suisse in Asia, people familiar with the matter said, amid moves by CEO Tidjane Thiam to shift the bank’s focus to managing money for the wealthy.
Al-Qaeda called for lone wolf-style attacks on several prominent U.S. business and economic figures on Wednesday.