Cameron lands role with top City recruiter September 20, 2009 JOHNNY Cameron, the former RBS banker who shouldered much of the blame for the bank’s huge losses last year, has landed a job as a part-time adviser with headhunting firm Odgers Berndtson. Cameron, who was effectively barred from taking a senior role at another company by the Financial Services Authority (FSA) earlier this year, will [...]
Credit Suisse keeps talent September 20, 2009 CREDIT Suisse has been able to hold on to key talent and has accumulated a war chest it could use to make acquisitions, the chief executive of the Swiss bank Brady Dougan said yesterday. Dougan, whose bank rode out the sub-prime mortgage crisis without having to resort to state aid, said the bank had been [...]
Senate bank chair calls for creation of super-regulator September 20, 2009 THECHAIRMAN of the US senate banking committee has dealt a blow to President Barack Obama’s blueprint for financial reform by calling for the country’s four banking watchdogs to be merged into a single “super-regulator”. Senator Christopher Dodd told a US newspaper that he would introduce legislation that would form the basis of the Senate’s efforts [...]
Journalist set to profit from company sale September 20, 2009 The FOUNDER of financial commentary site Breakingviews.com appears set to sell it to Thomson Reuters for around £10m. Hugo Dixon, who ran the Lex column of the Financial Times for five years before setting up Breakingviews in 1999, has been in talks with Reuters since July, but the two parties have struggled to agree a [...]
Microsoft grants investors vote on pay September 20, 2009 SOFTWARE giant Microsoft has agreed to let its shareholders vote on its bosses’ pay packages, following the fierce debate over executive pay in the recession. The firm will hold a vote every three years on its executive pay, starting with its annual meeting on 19 November, although the result of the vote will not be [...]
RIVERS OF BUBBLY AND HALF A COW: CITY BOYS TAKE MACHO CHALLENGE September 20, 2009 EMERGING pleasantly sated from an overdose of fine wining and dining this past weekend, The Capitalist was intrigued to see two City institutions taking a stand on how to deal with the effect of the recession on the Square Mile lunch market. A little bird at Gaucho – catering for the red-blooded males and less-than-faint-hearted [...]
BILL OF THE WEEK September 20, 2009 To chic yet understated City dining hotspot High Timber at the weekend, for dinner for four at the cosy private table in the restaurant’s wine cellar. Our diners kicked off with Dom Perignon champagne and starters of ham hock, foie gras and scallops, before moving on to calves’ liver and cote de boeuf.Along with a [...]
Next claims Tesco copied clothing line September 20, 2009 TESCO, the supermarket famed for its aggressive price war tactics, was yesterday batting away allegations that it has illegally copied clothing ranges from fashion retailer Next. Next has filed claims with law courts alleging the supermarket has lifted up to five clothing lines – and stolen two design motifs originally designed by Next. Tesco denies [...]
Brit talent returns to Fashion Week September 20, 2009 LONDON Fashion Week kicked off with the usual smatterings of fresh new talent over the weekend, but all minds were fixed on the return to the UK of iconic brands Burberry, Pringle and Matthew Williamson. Williamson, who earlier this year unveiled a fashion line for high-street giant H&M, yesterday returned after seven years in New [...]
Belgian bank set to make loss selling off its British brokerage September 20, 2009 BELGIAN bank KBC has put its London brokerage and corporate finance house, KBC Peel Hunt, up for sale. The struggling bank has had to borrow around €7bn (£6.3bn) from the Belgian government, and is now likely to make a huge loss on its investment by selling the brokerage. KBC bought Peel Hunt in a deal [...]