Margaret Doyle
Private equity told to keep the change
Banks generally get the fuzzy end of the lollipop when private equity deals go wrong. That's because they have most to lose. In recent years banks put up around 70 percent of the capital used to back buyouts....Accounting, France en attaque
Amidst all the meaningless guff and expressions of solidarity around this week's G20 summit in London, a real doctrinal dispute rages. At risk are global accounting standards, which the profession fears are in danger of being hijacked by the French....Barclays' conjuring trick
Abracadabra! Yet again, Barclays has pulled another rabbit out of its hat. With just days to go before the end-March deadline for the bank to apply for a government guarantee of its dodgier loans, it may again wriggle out of state control....Divorce marked to market
The Myerson divorce case in Britain makes compelling reading, as all rich bust-ups do. Regardless of whether the judges make Ingrid Myerson hand back 3.2 million pounds of her 11.1 million pound payout to compensate for the decline in her ex-husband's shares, she is a lucky woman....FSA's Sants takes the gloves off
City badboys should be afraid: very afraid. That's what Hector Sants says, anyway. The boss of the UK's Financial Services Authority (FSA) may be talking tough but the market has yet to see his mettle....Pay for non-performance
Sir Fred Goodwin's pension sticks in the craw for many reasons. It is not just the size of the payout -- 703,000 pounds a year -- that rankles. Sir Fred told MPs in the British parliament in February that "my pension is the same as everyone else's in the bank who is in a defined benefit (DB) scheme." But that is not true. Like a growing band of business bigwigs, Sir Fred benefited from a bespoke pension scheme all of his own....Firing Blank
Rarely can so much value have been destroyed so quickly by so few. Thanks to what seemed to be a one-off chance to snaffle HBOS without trifling with pesky competition rules, Sir Victor Blank, chairman of Lloyds Banking Group, has finished it off as an independent entity....HSBC goes back to its roots
HSBC is performing a u-turn. Barely six years after shelling out $14 billion to acquire Household Financial Corporation,...The UK's generous Asset Protection Scheme
You can hardly blame Britain's authorities. Somewhat flat-footed when the credit crunch broke in August 2007, there is hardly a policy they haven't tried to rescue Britain's banks. Finally, the government has thrown caution to the wind to kill the idea that any big bank could be forced into bankruptcy. ...Log in
- Singapore parents upset over celebrity Jamie Yeo's disclosure of her virginity lost
- Another Tsunami strike on July 22nd 2009?
- Singapore celebrity Jack Neo cheating on wife exposed
- Singapore celebrity Jack Neo in hiding at hotel
- Jack Neo's mistress told her side of the story. Confrontation prepared?
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