Is that it ? Did the long-awaited rise in living standards last just the six days between the news that earnings had edged up to 1.3% and the latest data from the Office for National Statistics showing that the annual inflation rate has risen to exactly the same level?
Mark Carney is right: in the great quest to improve bankers’ behaviour and stop the scandals, large fines for banks are not achieving much. He’s also correct when he says it’s not a case of a few rotten apples. We’ve had PPI, Libor, forex and all the rest. The problem is probably the barrels.
Irving Picard, the court-appointed trustee rounding up funds for victims of the Madoff Ponzi scheme, says the total recovered now tops $10 billion.
The fines that the five banks have coughed up, will now go straight into UK finance minister George Osborne's pre-election coffers.
Once upon a time, we had the imperial CEO to worry about: the business leader who ruled in the manner of Augustus over his corporate empire. Jack Welsh at GE. Lee Iacocca at Chrysler. Sam Palmisano at IBM.
The biggest loser wins!
Talk about a big fish in a small pond: Bill Gross cast a long enough shadow at Pimco, something only exacerbated by his move over to Janus Capital.
The U.S. Justice Department has given banks about a month to come clean about wrongdoing as it moves closer to wrapping up an investigation into the rigging of currency benchmarks, a person familiar with the probe said.
Businesswoman Linda Riley founded diversity and inclusion events and publishing company Square Peg Media and is the brainchild of the European Diversity and Global Diversity Awards.
(Not) a happy Christmas
Wealth management M&A deals grew by nearly 50 per cent last year, according to a new report.
Eric Dobkin, who spent 49 years at Goldman Sachs, will retire after spearheading some of the world’s biggest initial public offerings, including the bank’s own.
Schroders chief executive Michael Dobson is leaving Europe's second largest public investment group after 14 years at the helm.