NAB reports hike in its bad debts

first_img whatsapp Show Comments ▼ whatsapp National Australia Bank’s (NAB) UK operations have seen bad debts rise according to a market update.The firm’s Clydesdale and Yorkshire Bank operations saw debts that are more than 90 days overdue rise from 2.98 per cent of gross lending in the first quarter to 3.36 per cent. This is in contrast to generally improving bad debt ratios across the majority of UK banks.The results are still an improvement on bad debt figures for 2009, however.The update said: “Trading conditions remain challenging for businesses, and this is reflected in asset quality measures.”NAB says it is cautious about the state of the UK economy but believes it is on track to hit its target of £10bn of new lending by October 2011. It also said it has seen evidence that businesses are feeling more bullish and showing a greater appetite for borrowing.The bank reported earnings of $1.1bn (£700m) for the three months to June. However, group revenue was slightly below the average for the first half, with NAB citing “ accounting volatility arising from increased credit spreads”. Share KCS-content Wednesday 11 August 2010 8:39 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org NAB reports hike in its bad debts Tags: NULLlast_img read more

Blow for Commonwealth Games

first_img whatsapp Tags: NULL whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Blow for Commonwealth Games Thursday 19 August 2010 8:43 pm KCS-content Show Comments ▼ Two Indian state-run firms have withdrawn their sponsorship of the Delhi Commonwealth Games in October due to allegations of mismanagement. The country’s biggest power producer NTPC and energy transmission firm Power Grid Corporation have scrapped a total of 600m rupees (£8.3m) on the back of the negative publicity. In another blow to the games, Australian swimmer Dawn Fraser advised team members to consider boycotting the event over security concerns. Sharelast_img read more

SIG fears government cash cuts

first_img SIG, the insulation and roofing group, said UK government austerity measures were a drag on its outlook despite an encouraging start to the second half after a fall in first-half pretax profit.Sales across the group recovered in May and June — with sales per day in July up four per cent year-on-year — after cold weather badly affected sales at the start of the year.“We think that certainly over the last three to five months, things have been gradually improving,” said chief executive Chris Davies.SIG reported a core pre-tax profit of £18.5m for the six months to the end of June, compared with £21.9m in the same period last year.However, the company offered a note of warning due to a faltering economic recovery and the British government’s programme to slash public spending.“SIG’s management remains cautious on how its markets will develop over the next few months … based on the continuing macroeconomic uncertainty and concerns about the potential impact of government austerity measures and credit availability,” chairman Les Tench said yesterday.Shares in SIG closed up 2.5 per cent at 93p yesterday. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Share whatsapp SIG fears government cash cuts Show Comments ▼ KCS-content center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndo Wednesday 25 August 2010 8:45 pm whatsapp Tags: NULLlast_img read more

Cabin crew lose appeal against BA

first_img BRITISH Airways won the latest round in its bruising battle with cabin crew union Unite yesterday, after the Court of Appeal ruled that reductions in crew numbers were legal.The Court of Appeal upheld an earlier judgement from the High Court, which ruled that BA’s decision did not constitute a breach of contract.In November 2009, BA boss Willie Walsh said he would trim the number of cabin crew on long haul flights flying out of London Heathrow from 15 to 14.It decided to scrap the highly-paid “Purser” position – a senior attendant responsible for in-flight entertainment, paper work and the first class cabin – helping to save £60m a year.The moves sparked a bitter 20-month dispute with Unite, which has organised a series of strikes and industrial action that have cost the beleaguered national carrier some £150m so far.The Court of Appeal’s ruling significantly weakens Unite’s negotiating position. The union is now likely to recommend an offer from BA, which will restore travel perks that were stripped from striking crew from 2013 onwards – much later than crew were hoping. Cabin crew lose appeal against BA KCS-content whatsapp Show Comments ▼ Sharecenter_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Wednesday 3 November 2010 9:53 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousa Tags: NULLlast_img read more

Twitter raises $200m in new funds valuing it at over $3.7bn

first_imgThursday 16 December 2010 7:49 pm Share KCS-content Show Comments ▼ Twitter raises $200m in new funds valuing it at over $3.7bn More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp TWITTER has been valued at a staggering $3.7bn (£2.37bn) after raising $200m in a refinancing deal.The funding, from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors, underscores the high hopes investors have for social networking sites.Twitter, which has more than 175m users, says it will use the money to further expand its operations.The moves come just two months after the four-year-old company handed the job of chief executive to Dick Costolo, the architect of its new advertising efforts, a sign that making money is a priority for the service.Costolo said he plans to have hundreds of advertisers using Twitter’s ad system by the end of the year. Twitter had raised $160m in four earlier funding rounds, from investors that included Spark Capital, Institutional Venture Partners and mutual fund company T Rowe Price.However, the site still has a long way to go to catch up with Facebook, which has more than 500m users and a valuation of more than $45bn. whatsapp Tags: NULLlast_img read more

AIG sued by former employee

first_img whatsapp More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tuesday 4 January 2011 8:52 pm whatsapp A former employee of AIG is suing her employers and PwC, claiming that auditors were negligent in checking the insurer’s financial strength and that AIG has failed to pursue a claim. Wanda Wimms has brought a case in the New York Southern District Court on behalf of the AIG Inventive Savings Plan, which lost out when the insurer collapsed in 2008. She has argued that PwC should have known that AIG’s share price was inflated by inaccurate financial statements. PwC and AIG declined to comment last night. Tags: NULL center_img AIG sued by former employee KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney VersedElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share Show Comments ▼last_img read more

Shareholders to decide fate of De La Rue

first_img KCS-content Show Comments ▼ Shareholders to decide fate of De La Rue by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Tags: NULLcenter_img whatsapp More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com Tuesday 4 January 2011 8:05 pm Share Oberthur’s overtures to De La Rue’s shareholders have just begunTHE fate of British money-printer De La Rue lies in its shareholders’ hands this week, as Oberthur Technologies tries to sell them on its takeover bid of 905p, worth £895m in total.Oberthur, which is being advised by Lazard & Co and HSBC, upped the stakes yesterday by claiming that De La Rue has lost its biggest client, without which some analysts have said it would be worth only 620p per share.Shareholders will have to decide whether to hold out for more when they could take a safe bet at £9.Oberthur has tried to boost its appeal further by promising not to take jobs abroad if it gets control of the UK firm, which prints sterling banknotes for the Bank of England.In its statement yesterday, it said: “Oberthur intends to maintain the production of all sterling banknotes in the UK.” However, the company would not make a commitment on the production of passports. Unite the union said in December that it was opposed to the French takeover. De La Rue’s biggest shareholders include Capital World Investors, which owns 15 per cent, Prudential, which has 12 per cent, and Capital Research and Management, which owns nine per cent of its stock. The company is advised by JP Morgan Cazenove and Rothschild. last_img read more

Virgin mulls legal action over Heathrow disruption

first_img Virgin Atlantic may take legal action against airport operator BAA over the part closure of London’s Heathrow airport last month and will withhold fees until a probe into the disruption is complete.“We’re exploring our legal options but will continue talking to BAA and want the inquiry into what happened last month to be both independent and robust,” Virgin Atlantic spokesman Greg Dawson told Reuters. Heavy snowfall paralysed BAA’s Heathrow airport late last month, leading to a spate of flight cancellations after its second runway was closed due to bad weather.Virgin Atlantic also said it would stop paying landing and parking charges at Heathrow until BAA explains why a day’s snowfall left thousands of air passengers stranded in the week before Christmas.Virgin plans to withhold bills from 1 January until it sees the results of an internal BAA inquiry – headed by non-executive director Prof David Begg – into the disruption, due to be published in March.“We have written to BAA this weekend to advise them that we are withholding our fees from the airport operator until its inquiry into the snow enforced runway closures in December is completed,” Virgin Atlantic said in a statement.“Despite the airport operating conditions being way beyond our control, Virgin Atlantic is taking responsibility by paying out millions to customers that suffered disruption to their Christmas travel plans.”Payments withheld by Virgin, which are dependent on its aircraft’s movements at Heathrow, would likely be less than £10m for the period between January and March, an aviation source said.“We will work with airlines during the Begg enquiry. Meanwhile Heathrow’s conditions of use do not provide any basis for Virgin Atlantic or any other airline to withhold airport charges,” a BAA spokesman told Reuters.Ferrovial-owned BAA could legally seize Virgin aircraft for repeated failure to pay its bills but has not yet considered this option.Other major airports were closed by snow before an after the over the Christmas holiday period, including Germany’s Frankfurt and New York’s JFK airport.“We’re not withholding fees anywhere else. JFK is not an issue for us at the moment – it was a 24 hour thing,” Virgin’s spokesman said.British Airways last month said it expected to take a £50m hit from the disruption in its third quarter, while BMI said it is also mulling its legal options against BAA. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Share Monday 10 January 2011 5:25 am Virgin mulls legal action over Heathrow disruption Tags: NULLcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsHero WarsBig Boss of internet games!Hero WarsTotal Battle – Tactical Game OnlineThis Game Can Train Your Brain To Think StrategicallyTotal Battle – Tactical Game OnlineThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramBill CruncherArizona Drivers With No DUI’s Getting A Pay Day This Month (Check If You Qualify)Bill Cruncher whatsapp whatsapp Show Comments ▼ John Dunne last_img read more

Goldman’s UK chief awarded bonus of £9m

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Show Comments ▼ whatsapp whatsapp Sunday 30 January 2011 11:22 pm KCS-content Tags: NULL MICHAEL Sherwood, Goldman Sachs’ head of UK and Europe, has been awarded a bonus of $14.4m (£9m).The payment of free shares, which will not fully vest until 2016, dwarf even the bonus paid to Goldman chief executive Lloyd Blankfein.Sherwood’s payout represents a 60 per cent premium on his stock award the year before, according to filings with US regulators.The 45-year-old banker from Highgate joined Goldman in 1985. The move has been seen as the latest sign that US banks are moving away from some of the austerities imposed by the financial crisis.Blankfein saw Goldman triple his base salary and award him $12.6m of stock. He is now receives base pay of $2m, up from $600,000 last year.The shares awarded to Blankfein amount to a 42 per cent increase from the $8.9m all-stock bonus he received for 2009.However, this year’s bonus is far below the $67.9m he received for 2007.Goldman also raised the salaries of chief financial officer David Viniar and chief operating officer Gary Cohn to $1.85m. Both executives previously earned a base salary of $600,000.The pay hikes came even after the bank’s profit fell 38 per cent in 2010 to $8.35bn.Meanwhile, Royal Bank of Scotland (RBS) boss Stephen Hester looks set to receive far less than his US counterparts. Despite a government call for an end to banker bashing, his bonus – expected to be around £1m – is likely to be paid into a new “share bank” scheme, which could deny him a cash bonus for the duration of his tenure at the lender.The scheme will tie his bonus to a series of strict performance targets. If adopted it could also affect RBS’s chief financial officer Bruce Van Saun. Goldman’s UK chief awarded bonus of £9m Sharelast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_imgTuesday 8 February 2011 7:52 pm whatsapp Alvarez & MarsalThe global professional services and turnaround consulting firm managing the Lehman Brothers Holdings bankruptcy has strengthened its European financial services group with the appointment of managing director Nils Melngailis (pictured), who joins from Parex Bank. Senior directors Agnès Hugot and Jose de Ochoa and senior associates Heiko Logisch and Ardeshir Mistri also join the firm.Syndicate Asset ManagementThe fund management group’s wealth management subsidiary, Savoy Investment Management, is expanding its team in Stockport by hiring James Bowles. He was previously responsible for new business development with the Anglo Irish Bank.Niche GroupThe investment company has made Nigel Little non-executive chairman with immediate effect, replacing Christopher Stainforth. Earlier, Little was vice-chairman of Canaccord Capital and executive president of its UK and European operations.Renaissance Asset ManagersInvestment management firm Renaissance Asset Managers has hired Simon Fentham-Fletcher as director of portfolio management, private client group based in Moscow. Fletcher joins from Raiffeisen.Barclays CorporateThe corporate banking division has strengthened its cash management team with the appointment of Ricardo Soto, Joerg Pinkernell and Ravindra Madduri to key senior roles.Soto joins as head of international liquidity management, Pinkernell joins as global head of financial institution product management, and Madduri will head up Barclays Corporate solutions advisory function for corporate cash management across the globe.Alexander ProudfootThe operational improvement consultancy has appointed John Sharman to head its global procurement practice. Sharman joins Alexander Proudfoot following five years as a senior level consultant on operational issues, gaining experience over a range of industry sectors.Prior to that, he spent thirty years at IBM, where he became global procurement practice executive. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Show Comments ▼ whatsappcenter_img Tags: NULL CITY MOVES | WHO’S SWITCHING JOBS KCS-content Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnautlast_img read more