Jon Snow
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.
Search results for ‘stephen hester’
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Jon Snow
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Faisal Islam
Deleveraging, not de-honouring Mr Goodwin is the real issue
The bigger picture here is that the entire political class is struggling right now with the border between the state and the British banking system. Far more important than de-honouring, is de-leveraging. Project Merlin has come to an end, I am told by senior bankers, and some banks have smashed their targets, and others have missed them. All will be revealed in the upcoming bank results season.
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Bonus bonanza: who gets what?
Many UK workers could not hope to earn the RBS chief’s rejected £1m bonus in a lifetime, but are bonuses and incentives now a key part of our standard payment package? Channel 4 News investigates.
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Goldman Sachs staff receive £8bn in pay and bonuses
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.
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RBS report blames poor decisions
As an FSA report into the failure of Royal Bank of Scotland blames its own light-touch regulation and poor management, the bank’s chairman tells Channel 4 News he supports tougher sanctions.
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RBS report to blame errors and ‘light-touch’ controls
A report into the failure of Royal Bank of Scotland (RBS) by the FSA will blame light-touch regulation and a catalogue of financial errors for pushing it to a taxpayer bailout in 2008.
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RBS in red after Greek debt crisis
RBS announces half-year losses of £794m after writing off its exposure to Greek debt and putting aside money to compensate people who were mis-sold payment protection insurance.
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Mervyn King warns of new financial crisis
Britain faces the possibility of a new financial crisis because of imbalances in the banking system, according to Bank of England Governor Mervyn King.
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RBS announces losses of £1.1bn for 2010
State-backed bank RBS announces losses of £1.1bn for 2010, but will still pay almost £1bn in bonuses. Former City boy Geraint Anderson says there will be another crash unless the system changes.
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Q and A: the truth about bank bonuses
As Chancellor George Osborne announces that bank bonuses will fall this year, Channel 4 News looks in detail at the Government’s proposals.
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Banks deal set out to boost lending and control bonuses
The Government has outlined the Project Merlin deal on bonuses and lending for the UK’s biggest banks. But will it work? Businesses and economists tell Channel 4 News they are unsure.
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Faisal Islam
Reasons why Project Merlin might be a charade
I am deeply sceptical about Project Merlin, and I would like to be proved wrong.
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JP Morgan announces big increase in bonuses
JP Morgan announces a trebling of pay and bonuses for its investment bankers to more than £1.1billion in the last quarter. Siobhan Kennedy assesses what this means for the rest of the “bonus season”.
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Gary Gibbon
When is a bonus not a bonus?
Our Political Editor reports a minor victory for the Government over banker bonuses – but will the public notice?
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Cameron tells banks: pay smaller bonuses
Amid reports that RBS’s chief executive is in line for a £2.5m bonus, Prime Minister David Cameron says the state-owned bank should be leading the way in awarding smaller bonuses.
