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AllianceBernstein Extends CEO's Employment Contract

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AllianceBernstein has announced that Peter Kraus, Chairman and Chief Executive Officer, and AllianceBernstein have agreed to extend the contractual term of his employment for an additional five years, commencing in January 2014, when his existing contract expires, through January 2019.


'Terrified' Staff Learn That They HAVEN'T Been Laid Off

Now we've heard it all! There's a story doing the rounds (FT Alphaville and Fintag) that Royal Bank of Scotland (RBS), in the middle of firing colleagues just-integrated from ABN AMRO's wholesale banking operation (among others), is concerned about the dignity (or lack of ) of those who get let go.

Bank Boss Sues Over 'Ridicule' Article

Fred Goodwin is the CEO over at the Royal Bank of Scotland (RBS). He is said to have been upset by an article that appeared in the Sunday Times' Prufrock diary section last month and is now suing (with his bank) the newspaper for £15,000 in damages.