The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

WireTap 0900 01/02/12

A round-up of the key stories across the specialist financial media, including news that Sir Fred Goodwin, the former boss of Royal Bank of Scotland, is being stripped of his knighthood.


Goodwin stripped of knighthood 

Sir Fred Goodwin, the former boss of Royal Bank of Scotland, is being stripped of his knighthood, in the latest political concession to public anger in Britain over the perceived arrogance of some senior bankers. 

Click here for the full story


Treasury beset by exodus of top staff

George Osborne’s Treasury is grappling with an exodus of personnel as officials fume at low pay levels and high staff turnover, creating real operational difficulties with the Budget just seven weeks away.

Click here for the full story


Facebook to file $5 billion IPO Wednesday

Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

Click here for the full story


Nomura profit rises on cost cutbacks

Nomura Holdings Inc. reported a 33% on-year gain in net profit in the October-December period, as its cost-cutting measures and an asset sale mitigated the effects of global market instability and the European debt crisis.

Click here for the full story


HK homes face 25% drop in Year of the Dragon 

Asian real estate markets from Singapore to Beijing to Mumbai are stalling or have started declining as governments seek to curb the type of housing bubble that brought down the US economy. In Hong Kong, rising borrowing costs, extra transaction taxes and higher down-payment requirements imposed by the government have fueled the slump.

Click here for the full story

China manufacturing holds up against slowdown 

Chinese manufacturing indexes rose in January as the world’s second-biggest economy withstood weaker exports driven by Europe’s debt crisis and a government-induced property slowdown.

Click here for the full story

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree