Feeling sorry for Fred Goodwin?
Don’t just get rid of Fred Goodwin’s knighthood – let’s rethink the honours system as a whole says Jon Snow.
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Don’t just get rid of Fred Goodwin’s knighthood – let’s rethink the honours system as a whole says Jon Snow.
One day after RBS chief executive Stephen Hester is awarded a £930,00 bonus, it emerges Sir Philip Hampton, the bank’s chairman, is to turn down a share-based bonus worth £1.4m.
Politicians and unions have criticised as “out of touch” the £963,000 bonus package awarded to Royal Bank of Scotland boss Stephen Hester.
As Goldman Sachs reveals that staff earned £8bn in pay and bonuses in 2011, anti-capitalist protesters lose their court battle to occupy land outside St Paul’s cathedral in London.
Some of the UK’s biggest companies join the campaign to promote fairer work experience opportunities, as Cathy Newman takes two interns to meet Deputy Prime Minister Nick Clegg.
The head of the IMF, Christine Lagarde, warns that immediate action needs to be taken to prevent a global depression not seen since the 1930s, as eight of the world’s biggest banks are downgraded.
Barclays Premier League top two Manchester City and Manchester United will meet in the FA Cup third-round.
Royal Bank of Scotland and Barclays are expected to set lower bonus payments for staff this year, Channel 4 News understands.
Chelsea and England football captain John Terry was interviewed under caution on Friday about an alleged racist slur directed at QPR defender Anton Ferdinand, Scotland Yard says.
The salaries of Britain’s executives are “corrosive” to the economy and “out of control”, according to an independent report by the High Pay Commission.
The High Pay Commission is critical of top bosses’ salaries. But why is the gap between executive pay and that of ordinary workers so big? And how do you achieve more transparency on remuneration?
Manchester United seal the 25th anniversary of Sir Alex Ferguson’s appointment as manager with a Premier League win after Old Trafford’s north stand is renamed in his honour.
A deal is reached, but Economics Editor Faisal Islam says the devil will be in the detail. The bailout bazooka will need the goodwill of the rest of the world.
These reforms are momentous, and quite elegant – in theory. The lesson of a decade or two of banking dominance in Britain’s political economy is that they will get their way in watering down the detail of this proposal, particularly in the many years it will take for legislation and enforcement
Britain’s banks are asked to ring-fence their retail and investment banking arms by 2019, but one analyst tells Channel 4 News that “all stakeholders will be hit by the costs”.