Shareholders in Lloyds Banking Group are being urged to vote against a “highly excessive” £11.5m pay deal for António Horta-Osório, the boss of the bailed-out bank.
Probably a huge sigh of relief.
The most in-demand banker currently walking the earth.
It was a good U.K. election for candidates from banking, with at least 19 overcoming voter distrust of financiers to win a seat in the incoming Parliament.
Leucadia National said it may triple its money on the bailout of online currency-trading firm FXCM.
Bill and Melinda Gates and Warren Buffett have amassed huge fortunes that they're determined to give away through the Bill and Melinda Gates Foundation.
Shareholder advisory firm ISS has said Deutsche Bank investors should not exonerate the executive board of the firm for recent fines, setting the scene for a possibly stormy annual shareholder meeting on May 21.
Royal Bank of Canada has hired Francis Jackson from JPMorgan to oversee client coverage for asset managers, pensions and sovereign wealth.
Blackstone, the world’s biggest alternative-asset manager, said U.S. regulators have inquired about the firm’s practice of collecting fees from companies it owns.
'I think this group is exceptional'.
The UK’s four biggest banks face paying out £19.5bn in fines, compensation and legal expenses this year and next, taking the total since 2011 to more than £75bn, according to the ratings agency Standard & Poor’s.
Britain has fallen behind other European countries in efforts to get more women on to company boards, with research showing women occupy less than a quarter of all UK board positions.
Nearly 1,000 trade suppliers, from a Lanarkshire biscuit maker to a lighting company in Poole, could be left unpaid to the tune of £52m if a buyer is not found for BHS.