Former Co-op Bank chair Paul Flowers dismissed from church over drugs

Paul Flowers, the former chairman of the Co-operative Bank, has been dismissed as a minister by the Methodist church after he was convicted of possessing cocaine, crystal meth and ketamine in 2014. In a statement, the church said: “Following the conclusion of our disciplinary process, Paul Flowers has been removed from the list of ministers of the More...

by subhadip | Published 2 months ago
By subhadip On Wednesday, January 18th, 2017
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Can a $26m-a-year fund manager really rethink executive pay?

Among the 3,000 politicians, business leaders, economists and celebrities attending this year’s World Economic Forum in Davos will be a 64-year-old with receding hair and rimless glasses. The academic demeanour More...

By subhadip On Wednesday, January 18th, 2017
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Libor scandal: the bankers who fixed the world’s most important number

At the Tokyo headquarters of the Swiss bank UBS, in the middle of a deserted trading floor, Tom Hayes sat rapt before a bank of eight computer screens. Collar askew, pale features pinched, blond hair mussed from More...

By subhadip On Monday, January 9th, 2017
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Brexit: banks consider whether to start moving business out of UK

Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the More...

By subhadip On Monday, January 9th, 2017
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Murder, she wrote: the missing bankers thriller

When thousands of bankers reportedly disappear, a special committee is called in to investigate. Will it solve the mystery and save the UK economy? Or have the City jobs vanished forever? That all sounds like More...

By subhadip On Monday, January 9th, 2017
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The rise of the cashless city: ‘There is this real danger of exclusion’

Scrolling through my online bank statements at Christmas, I was surprised to find I had not removed cash from an ATM for well over four months. Thanks to the ubiquity of electronic payment systems, it has become More...

By subhadip On Monday, January 9th, 2017
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Blackrock becomes biggest Lloyds bank shareholder

The major US investment firm Blackrock has become the biggest shareholder in Lloyds Banking Group, usurping the government, which is selling down its stake in the bailed-out bank. Blackrock, which describes itself More...

By subhadip On Thursday, January 5th, 2017
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ANZ sells Shanghai Rural stake for $1.3 billion

Australia and New Zealand Banking Group Ltd (ANZ.AX) said on Tuesday it will sell its 20 percent stake in Shanghai Rural Commercial Bank Co Ltd [SHRCB.UL] for A$1.8 billion ($1.3 billion), as part of its broader More...

By subhadip On Thursday, January 5th, 2017
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Indonesia penalizes JPMorgan for negative report in latest emerging markets skirmish

Indonesia has cut some ties with JPMorgan Chase & Co (JPM.N) after the bank’s research analysts issued a negative report on the country, the latest in a series of skirmishes between Wall Street banks More...

By subhadip On Thursday, January 5th, 2017
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Credit Suisse, AstraZeneca among top BofA-ML’s top European picks for first quarter

Credit Suisse and AstraZeneca are among Bank of America-Merrill Lynch’s top picks for the first quarter of 2017, as the market is overly pessimistic on both stocks, according to analysts at the bank. BofA-ML More...