Banks

SNP claims Cameron move over plebiscite may backfire – Irish Times

Mr Cameron has emphasised the benefits of the union for Scotland, pointing to the 2008 rescue of the Royal Bank of Scotland and Halifax Bank of Scotland. “When RBS and when Bank of Scotland were in difficulties, the United Kingdom … Continue reading

UPDATE 1-Nigerians begin second day of strike over fuel – Reuters UK

Banks, government offices and large company buildings were … The subsidy has also encouraged smuggling into neighbouring nations such as Benin and Cameroon where fuel is more expensive. But most Nigerians have benefited little from state …

Second RBS fatcat in line for bonus payout amid fears of 4,000 job cuts – Daily Mirror

A second banking fatcat is in line for a multi-million bonus – making a mockery of David Cameron’s vow to tackle executive pay. RBS investment boss John Hourican is to get up to £4million despite the taxpayer-owned bank’s falling share … Continue reading

Second RBS bonus payout makes mockery of Cameron’s tough talk – Daily Mirror

A SECOND banking fatcat is in line for a multi-million bonus – making a mockery of David Cameron’s vow to tackle executive pay. RBS investment boss John Hourican is to get up to £4million despite the taxpayer-owned bank’s falling share … Continue reading

Nigeria faces second day of strikes over fuel – Reuters India

Tens of thousands marched the streets in demonstrations up and down Africa’s most populous nation and banks, petrol stations and domestic … into neighbouring nations such as Benin and Cameroon where fuel is more expensive.

PM threatens a second EU veto… as French go it alone on bank tax – Daily Mail

David Cameron has vowed to wield a second veto in Europe if France and Germany insist on pushing ahead with an EU-wide financial transaction tax. The Prime Minister said countries calling for a levy were welcome to implement it within … Continue reading

Cameron’s fat cat crackdown faces RBS challenge – Citywire.co.uk

John Hourican, chief executive of Royal Bank of Scotland (RBS.L)’s struggling global banking … the share award would be worth £4.4 million if the targets were met. At the weekend Cameron vowed to crack down on the ‘market failure’ that … Continue reading

David Cameron’s plans for executive pay may not end spiralling bonuses – The Guardian

Speaking at the start of the annual bonus season in the City – beginning with big US banks this week – Cameron indicated that legislative changes could be announced in the spring, following a formal statement by Cable at the … Continue reading

Cameron belatedly signs up to the Occupy movement – Financial Times

The City inhabits a parallel universe. We are supposed to forget the banks’ responsibility for the crash, the nationalisation of their losses and the pay squeeze on everyone else. Mr Cameron is right to be edgy about the politics. It … Continue reading

RBS Pay, Bonuses to Reflect Performance, Cameron Office Says – Businessweek

Jan. 9 (Bloomberg) — Pay and bonus levels at state- controlled Royal Bank of Scotland Group Plc will reflect performance, Prime Minister David Cameron’s spokesman said. The prime minister yesterday criticized bosses who take high pay when …