Finance 
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
UPDATE 2-Nigerians strike, protest over fuel subsidy cut – CNBC
Hopes are that the new pricing regime will prompt investment in oil refineries and reverse disrepair caused by decades of corrupt mismanagement. The subsidy also encouraged smuggling into neighbouring nations such as Benin and Cameroon where fuel is more expensive.
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
MBA lessons put to the test – Financial Times
www.ft.com/mbablog Background: After graduating with a degree in international business from the Academy of Economic Studies in Bucharest Mihai moved to the financial sector, working with a private equity fund and most recently as an investment …
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 …
PRESS DIGEST – Financial Times – Jan 9 – Reuters
Banks will be required to hold emergency stocks of easy-to-sell assets starting in 2015 but will be permitted to dip into these liquidity buffers during times of stress, said global regulators meeting in Basel, Switzerland. UK’S CAMERON VOWS TO …
