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Banking

WireTap 0900 19/01/12

A round-up of the key stories across the specialist financial media, including news that Kodak has filed for bankruptcy


Kodak files for bankruptcy protection

Eastman Kodak’s long battle to remake itself for the digital age ended in failure on Thursday as the company that was instrumental in turning photography into a popular pastime filed for bankruptcy.

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RBS tests Cameron resolve on pay-outs

David Cameron’s pledge to curb executive pay and stop “rewards for failure” is set to face its biggest test, as Royal Bank of Scotland prepares to offer a bonus of more than £1 million to its chief executive, even though the state-controlled bank’s share price has almost halved in a year.

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Greece creditors seek bond compromise as clock ticks

Greece meets its private creditors on Thursday for a second day of bargaining on a crucial bond-swap deal, with time running out for reaching a compromise needed to avoid an unruly default. 

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From taxis to tolls, Italy seeks competition push

Italy's new government is expected on Friday to unveil controversial measures aimed at making the country's sluggish economy more competitive, including allowing stores to hold sales outside strictly regulated times and giving out more taxi licences across the country.

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China developers face worst year since 2008

China’s biggest developers slowed home sales toward the end of 2011, bracing for the worst property market in three years as the government vows to keep real-estate curbs.

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