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Insurance News
RBS chairman admits bankers’ pay is too high
Royal Bank of Scotland chairman Sir Philip Hampton has conceded that salaries in the banking industry are higher than they should be and must be corrected. |
NIESR says UK government should boost economy in short term
The National Institute for Economic and Social Research (NIESR) says the UK will enter a m,ild recession in 2012 but that the re is room to boost the economy in the short term. |
Facebook announces $5bn stock flotation plan
Facebook, the world’s biggest social networking site, has unveiled plans to sell shares, with an initial public offering of $5 billion. |
Tesco grocery market share falls to lowest level since 2005
Tesco's market share in the 12 weeks to January 22nd fell by 0.6 per cent to 29.9 per cent, its lowest level since May 2005 as rivals Asda and Sainsbury's take advantage. |
Fred Goodwin loses knighthood in the ultimate banker bashing
Fred Goodwin, former boss at the Royal Bank of Scotland has been stripped of his knighthood after it was decided he had "brought the honours system into disrepute." |
RBS bonus row highlights three key issues
The toxic row over banker bonuses highlights whether banks owned by the taxpayer should pay bonuses, the amount that private banks should pay and what role the government has in setting limits. |
Kweku Adoboli's rogue trader court date puts unwanted spotlight on UBS
Kweku Adoboli, the rogue trader who worked for Swiss investment bank UBS and lost £1.3 billion faces a protracted court battle that puts unwanted attention on UBS. |
RBS caves in to political pressure as Hester rejects £1m bonus
The Royal Bank of Scotland boss Stephen Hester has rejected a bonus worth £963,000 after Labour threatened to force a parliamentary vote to have the deal overturned. |
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