banking
To bonus or not to bonus, that is the question?
News that RBS chief Stephen Hester has decided to forego his £1.6m bonus will not come as a huge surprise to many, not least in anticipation of ...
UKPC signs cheque death warrant
The UK Payment Council, the body responsible for setting out the British national payment strategy, has confirmed a target to end central cheque clear...
Confused messages and idiot policies damaging economy
The latest interest rate cut is unlikely to help British business until people who work in offices actually do their jobs properly. While everyone closely watches Gordon Brown's bizarre decisions, too many businesses allow idiots to stay in charge. Doing nothing at work is not a solution in this environment. Gerry O'Kane argues it happens too much and positive news is also ignored.
Banks need to start lending
AIA's chief executive, Philip Turnbull, calls upon UK banks to share the wealth, especially since we paid for it. He also points out that every business saved is a business that does not default on its debts.
Finding a long-term solution to the financial crisis
Colin Melvin, the chief executive of Hermes Equity Ownership Services, one of the world's largest institutional advisors with assets worth £50bn under stewardship, says pension funds and institutional investors failed in their responsibility to rein in banks' excesses or catch Madoff. He outlines what needs to be done to stop this happening again.
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more