Bob Diamond set to lead Barclays

first_img Share Barclays will today name investment banking president Bob Diamond as successor to chief executive John Varley in a surprise shake-up at the top of the British bank.Diamond, who is credited with propelling Barclays Capital into the premier league of Wall Street players, is expected to take the reins next year around the time of the group’s annual general meeting in April. He will run Barclays along similar lines and will continue to defend the merits of universal banking in the face of calls from politicians for giant institutions to be broken up.When he became chief executive in 2004, Varley told the board he would retire at 55. Having reached that age this year he has decided to step down to concentrate on other projects. Varley will continue to sit on the board of drugs maker AstraZeneca as a non-executive director and will devote more time to his charitable activities, which include chairing the Business Action on Homelessness campaign and running the Employers’ Forum on Disability.Diamond and Varley have developed a strong rapport over the past seven years. Diamond will be seen as the natural choice to step into the breach despite his lack of experience in the retail lending arena. The 59-year-old American joined the company from Credit Suisse in 1996 and has enjoyed increasing freedom at the helm of BarCap. His greatest coup to date, the purchase of the US brokerage arm of Lehman Brothers at a knock-down price in the middle of the financial crisis of 2008, gave Barclays a foothold from which to compete against the likes of JPMorgan and Goldman Sachs.However, some UK shareholders will be concerned by Diamond’s more brash style. While Varley won popularity in the City with his quintessentially English manner, Diamond’s overt association with a culture of high remuneration has made him a target for politicians. Before the general election earlier this year, then-business secretary Peter Mandelson dubbed him “the unacceptable face of banking” after taking home a reported £63m pay cheque in 2009.Diamond will take control at a crucial time for Barclays. Internally, he faces the challenge of weaning the group off its dependence on BarCap’s volatile revenue streams. On a broader level he faces myriad regulatory issues including the incoming UK levy on balance sheets and the possibility of a Glass-Steagall separation, which executives have hinted could force Barclays to quit the UK. Bob Diamond set to lead Barclays whatsapp Monday 6 September 2010 8:53 pm Show Comments ▼ Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content last_img read more

Brussels is calling the shots over banker payouts

first_img MUCH of the rhetoric surrounding bankers’ bonuses is just that: rhetoric. David Cameron yesterday said that he didn’t want to micromanage British banks, a sentiment that should be welcomed, but the truth is that politicians in Brussels – not Britain – really call the shots when it comes to variable remuneration.For the Committee of European Banking Supervisors has imposed on London the most draconian bonus regime in the world. City watchdog FSA is charged with implementing the code, although in truth it is just doing Brussels’ bidding. Essentially, the rules – which came into force at the start of the year – prevent banks and other “systemically important” firms from paying more than 30 per cent of a bonus in upfront cash, shrinking to 20 per cent for particularly high payouts. Guaranteed bonuses – excluding golden hellos – have also been banned.That’s why it should come as no surprise that Stephen Hester, the boss of RBS, or Bob Diamond, Barclays’ chief executive, are unlikely to take significant cash bonuses this year. Reporting in the mainstream media rarely mentions the CEBS rules, nor the damage they will do to London’s standing as a global financial centre (as Europe’s pre-eminent banking hub, London stands to lose far more than Paris, Berlin or Madrid). This silence suits Britain’s political class perfectly. On the Andrew Marr show yesterday, the Prime Minister was only keen to take credit for a “very tough set of rules on bonuses”. Of course, he failed to mention that these rules – like so many of our laws – were written by Europe, and have absolutely nothing to do with British legislators. When bonuses are paid in shares or deferred – as they have to be under the new regime – the coalition will surely take credit; it will claim that it managed to get the banks to show restraint in the face of terrible largesse. The government will also take credit for the fact that the overall bonus pool for 2010 will be lower than a year earlier, although this has more to do with lower investment banking profits that the government’s influence. Sadly, the real issue – that this bonus regime will lead to a flight of top banking talent to competing financial centres such as New York, Hong Kong and Singapore – will be brushed under the carpet. [email protected] Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2‘The Love Boat’ captain Gavin MacLeod dies at Brussels is calling the shots over banker payouts Sunday 9 January 2011 11:07 pm Tags: NULLcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For whatsapp Show Comments ▼ KCS-content last_img read more

German consumer outlook rises

first_imgTuesday 22 February 2011 7:55 pm whatsapp German consumer outlook rises Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap German consumer confidence has risen for the ninth straight month, the widely regarded Gfk survey revealed yesterday. The forward-looking index rose from 5.8 this month to six points for March – its highest reading since October 2007, prior to the financial crisis. “While Germany’s recovery has been driven largely by exports and investment, consumer spending should make a bigger contribution to growth going forward,” said Ken Wattret of BNP Paribas. Show Comments ▼ Share KCS-content whatsapp Tags: NULLlast_img read more

East African Breweries Limited ( 2011 Annual Report

first_imgEast African Breweries Limited ( listed on the Uganda Securities Exchange under the Beverages sector has released it’s 2011 annual report.For more information about East African Breweries Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the East African Breweries Limited ( company page on AfricanFinancials.Document: East African Breweries Limited (  2011 annual report.Company ProfileEast African Breweries Limited produces and distributes a range of beer and spirit brands and non-alcoholic beverages for local consumption in Uganda. Popular brands include Tusker Malt Lager, Tusker Lite, Guinness, Pilsner, White Cap Lager, Allsopps Lager, Balozi Lager, Senator Lager, Bell Lager, Serengeti Premium Lager, Johnnie Walker, Smirnoff, Kenya Cane, Chrome Vodka and Ciroc. East African Breweries has operations in Kenya, Uganda, Tanzania and South Sudan; and exports alcoholic and non-alcoholic beverages to Rwanda, Burundi and the Great Lakes region. Subsidiary companies include Kenya Breweries Limited, Uganda Breweries Limited, East African Breweries (Mauritius) Limited, International Distillers Uganda Limited and East African Maltings (Kenya) Limited. Established in 1922, the group has its headquarters in Ruaraka, near the capital of Nairobi. East African Breweries Limited is listed on the Uganda Securities Exchangelast_img read more

Arbico Plc ( Q12018 Interim Report

first_imgArbico Plc ( listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2018 interim results for the first quarter.For more information about Arbico Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Arbico Plc ( company page on AfricanFinancials.Document: Arbico Plc (  2018 interim results for the first quarter.Company ProfileArbico Plc is a leading construction and civil engineering company in Nigeria responsible for building major residential, commercial, industrial and hospitality projects as well as key infrastructure projects. The company offers services such as pre-construction and estimating, design, build and project management as well as engineering, procurement and construction management services. Arbico Plc has been involved in the construction of major projects in Nigeria spanning residential, commercial, industrial and hospitality projects as well as a number of key infrastructure projects for the government of Nigeria. Flagship projects include residential projects such as No 7 Oniru in Lagos, Oba Elgushi residence in Lagos and SKA residence in Lagos; public assembly projects such as the Rose of Sharon Centre in Lagos; commercial projects such as Feyide House in Lagos and KAAF Building in Ogun State; hospitality projects such as Park Inn Hotel in Ogun State; industrial projects such as the Coleman Factory Development in Ogun State; and infrastructure projects such as NBC Asejire Plant in Oyo and the effluent/water treatment plant in Ogun State. Arbico Plc was founded in 1958 and is a subsidiary of R28 Limited. The company’s head office is in Lagos, Nigeria. Arbico Plc is listed on the Nigerian Stock Exchangelast_img read more

Airbnb features Nepal appeal on its front page

first_imgAirbnb features Nepal appeal on its front page Tagged with: corporate Digital disaster Howard Lake | 3 May 2015 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Global accommodation platform Airbnb has added a fundraising appeal for the victims of last week’s earthquake in Nepal to its front page.With the headline ‘Nepal needs our help‘, the site invites users to “join us in lending a helping hand”. Specifically it is encouraging donations from around the world for Oxfam, Mercy Corps and Unicef.Donations to Oxfam are being handled by online giving platform ammado. In countries where Oxfam operates as a registered charity donors will be able to make tax-efficient donations.Yeterday Airbnb emailed their global distribution list of millions in 50 languages to highlight the appeal, and the company has launched a social media campaign in support of Nepal.Disaster response toolAirbnb has also activated its disaster response tool, offering what it does best which is access to accommodation. “If you’re looking for a place to stay, you can connect with people in your area who’re offering to host for free”.This tool was developed following the charitable actions of 1,400 Airbnb hosts in New York in October 2012 who “opened doors and cooked meals for those left stranded during Superstorm Sandy”.Airbnb’s front page appeal for three NGOs helping in the wake of the Nepal earthquakeMajor online communities and publishers have donated space on their front pages to disaster appeals since the late 1990s. Apple, Amazon, Yahoo!, Google and Facebook have all featured fundraising appeals following disasters such as the September 11 2001 terrorist attacks in the USA, the 2004 South East Asian Tsunami, Hurricane Katrina, the 2010 Haiti earthquake, and Typhoon Haiyan.center_img Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5  73 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5last_img read more

Paschal’s Future Business Leaders of America Club ready for Nationals

first_img Previous articleFormer Horned Frog Reid Ryan: Houston Astros inspire recovering cityNext articleMen’s basketball holds on in close call victory over South Dakota, 76-71 Sara Colbert RELATED ARTICLESMORE FROM AUTHOR Twitter Facebook Facebook ReddIt Twitter Sara Colbert + posts Students react to the nutty squirrels on campus Sara Colbert Sara Colbert Linkedin Linkedin Sara Colbert ReddIt Voting for Mr. and Ms. TCU opens today printPaschal High School students in the Future Business Leaders of America club (FBLA) are eager to compete in the nationals qualifier, but this month is the last few weeks for students to sign up for the competition on Jan. 27 in Keller.Students skip lunch and file into room 250 to meet as a group for FBLA. These students are eager to get in this classroom and practice to become the next national champion of the FBLA competition.FBLA members can select from over 70 different business competitions to compete in, such as knowledge tests in a business subject, public speaking, business presentations, IT development and role play to solve a business problem.Future Business Leaders of America is a club for students who intend to pursue a business career in the future. The club was started at Paschal in 2013 by business teacher, Corie Griffin.She said she started the club to bolster the business, marketing and finance classes at Paschal.Students are motivated to compete in the competition this year because Paschal’s FBLA club got the opportunity to go to nationals for the first time last year.17 students had attended the State Leadership Conference in San Antonio in March and qualified to go to Nationals in Anaheim, California in June.Paschal’s entrepreneurship team, Onesimo Torres, Marco Marvelli and Thalia Hernandez earned 2nd place. Jose Lopez earned 3rd place in the advertising competition, and Sean Reagin earned 5th place in the journalism competition. Torres, now a senior, said the competition was “an unforgettable experience.”Students practice before school, during lunch and after school. These students are all trying to reach the same goal — to go to nationals.Griffin said she is proud of her students in FBLA who attended nationals last year.“Proud does not describe the feeling I have about my FBLA kids,” she said. “As a teacher, you live for the moments when your students ‘get it,’ when they approach you and tell you how they applied what you taught them in their life.”FBLA Nationals this year will take place in Baltimore, Maryland on June 28, 2018.Griffin said that they intend to represent Paschal every year from now on. Women and gender studies event gets students talking Paschal High School traded trash for cash to raise money for the band Abortion access threatened as restrictive bills make their way through Texas Legislature Grains to grocery: One bread maker brings together farmers and artisans at locally-sourced store Sara Colbert Fort Worth set to elect first new mayor in 10 years Saturdaylast_img read more

Frogs look to bounce back against ‘physical’ Longhorns

first_img Previous articleTCU to ask faculty about diversity, equity and inclusion efforts in annual reportsNext articleDean of Neeley School of Business set to retire Robbie Vaglio RELATED ARTICLESMORE FROM AUTHOR Facebook Facebook Jeff Gladney celebrates an incomplete pass attempt by Ohio State. TCU vs Ohio State. Photo by Cristian ArguetaSoto ReddIt printTCU’s running game is up for the challenge as the Horned Frogs travel to Austin to face a Longhorn team that allowed negative five rushing yards last week.“Coach [Tom] Herman has done a good job,” said Head Coach Gary Patterson. “They play really good on defense and physical on offense.”The Longhorns enter Saturday’s game following a 23-point victory over No. 22 Southern California (USC).“They looked good,” said senior linebacker Alec Dunham. “Everyone has to come in and execute and do what they need to do. They’re a good team and we’re going to give them their respect throughout the week.”One aspect of Texas’ game that propelled them to the lopsided victory was their stout rush defense. The Longhorns allowed negative five rushing yards in Saturday’s victory, their best since holding Texas Tech to negative 14 yards in 2010.TCU rushed for 203 yards against Ohio State, the nation’s No. 2 defense.Darius Anderson recorded the longest touchdown in program history against Ohio State. TCU vs Ohio State. Photo by Cristian ArguetaSoto“It gives us a great confidence because it shows us we can go on the big stage and perform,” said offensive guard Chris Gaynor. The Longhorn defensive line totaled three sacks and 10.5 tackles for loss in their victory over USC, the most for the Longhorns this season.“Both Ohio State and Texas offer different match-ups that they’re better at, but Texas definitely has some good people up front and we just have to be prepared,” said Gaynor. Where Ohio State and Texas differ is in the quality of their defensive backs.“You’re going to see a lot better skill level in the secondary,” said Patterson. “They don’t just line up, they’re slanting everywhere and cause confusion. Texas is trying to be more physical with bigger groupings.”Texas’ skilled defense will test sophomore quarterback Shawn Robinson, who is looking to improve following his two-interception performance against Ohio State.“I have to be better,” Robinson said. “There were two plays that I just can’t do.”Texas sophomore quarterback Sam Ehlinger passed for two touchdowns and rushed for another for the second consecutive week Saturday against USC. He is the first Longhorn quarterback since Colt McCoy in 2008 to have at least two passing touchdowns and one rushing touchdown in consecutive games.Texas quarterback Sam Ehlinger (11) works to stay in bounds as he runs past Southern California linebacker Porter Gustin (45) during the first half of an NCAA college football game, Saturday, Sept. 15, 2018, in Austin, Texas. (AP Photo/Eric Gay)“Their quarterback will beat you with his feet,” said Patterson. “He’s won a lot of ball games running QB draws and stretches. He’s the X-factor in this offense.”TCU did not face Ehlinger last season in their 24-7 victory over the Longhorns. Saturday’s contest will test the Horned Frogs’ defensive backs as Ehlinger has passed for at least 200 yards in all nine games he has started in his young career.Ehlinger has two wide receivers on his squad who can make an immediate impact on the field.Lil’Jordan Humphrey leads the team through three games with 17 receptions for 275 yards and two touchdowns. Collin Johnson has hauled-in 13 passes for 175 yards and a touchdown in the early season.The Horned Frogs have had very little trouble with Texas over the past four seasons, outscoring the Longhorns 153-33 in that span.A TCU victory on Saturday would mark TCU’s fifth consecutive win over Texas, a school record.Patterson and his team pay no attention to the record and are only focused on opening conference play strong.“It’s great, but we just want to take it week by week and win our first game in the Big 12,” said Gaynor. Kickoff against the Longhorns is scheduled for 3:30 p.m. in Austin What to watch during quarantine ReddIt Another series win lands TCU Baseball in the top 5, earns Sikes conference award TCU baseball finds their biggest fan just by saying hello TCU wants ex-professor’s discrimination suit dismissed + posts Linkedin Robbie Vaglio Robbie Vaglio Snow temporarily stepping down as honors dean Robbie Vaglio Linkedin Twitter I am the executive editor of TCU 360 from Raleigh, North Carolina. If you walk by my desk in the newsroom you’ll immediately know I’m Post Malone’s biggest fan. I’m always looking for a good story to tell! If you have any story ideas, feel free to reach out! Go Panthers! Twitter Two students joined harassment and discrimination lawsuit against TCU TCU rowing program strengthens after facing COVID-19 setbacks Robbie Vaglio Robbie Vaglio last_img read more

What we’re reading: Justice Department files antitrust lawsuit against Google, Supreme Court declines to block Pennsylvania mail-in ballot extension

first_imgIn this April 17, 2007 file photo, exhibitors work on laptop computers in front of an illuminated sign of the Google logo at the industrial fair Hannover Messe in Hanover, Germany. The Justice Department’s lawsuit against Google alleging antitrust violations marks the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. (AP Photo/Jens Meyer, File) Linkedin Linkedin Molly Kuhl ReddIt Facebook Facebook Twitter ReddItcenter_img World Oceans Day shines spotlight on marine plastic pollution Twitter This author does not have any more posts. TCU places second in the National Student Advertising Competition, the highest in school history printTrump administration launches an antitrust lawsuit against GoogleThe Justice Department and several Republican-led states filed an antitrust lawsuit against Google on Tuesday, according to Politico.The suit is the biggest action taken to date by the government as tech companies like Google, Apple and Facebook continue to grow in size. This lawsuit comes after years of complaints by smaller tech companies, news publishers and other rivals in the U.S. and Europe. “Our recent hearing on Google’s advertising business revealed its anticompetitive conduct may not be limited to search,” said Sen. Mike Lee, R-Utah. “I hope the Department will follow the evidence to end monopolistic behavior wherever it finds it.”31 states are now in the “red zone” as COVID-19 cases riseThirty-one states are considered in the red zone for new cases over the last week, according to the White House Coronavirus Task Force. States in the red zone have seen more than 100 new cases per 100,000 in the last week, according to ABC News. The coronavirus has now killed at least 220,133 people in the U.S. and more than 1.1 million people worldwide. Missing hiker from California is reunited with her family after two weeksZion National Park near Springdale, Utah, where Holly Courtier was missing for two weeks and found by park rangers. (AP Photo/Rick Bowmer, File)Holly Courtier, a California mother, was lost in a Utah national park for 12 days before being reunited with her family Sunday, according to ABC News. Courtier’s daughter said her mother hit her head on a tree while exploring the park and missed her shuttle pick up Oct. 6. “She was able to survive her ordeal by staying close to a water source as rescuers searched for her,” her daughter Kailey Chambers said.Supreme Court declines to block Pennsylvania mail-in ballot extensionAn envelope of a Pennsylvania official mail-in ballot for the 2020 general election in Marple Township, Pa. (AP Photo/Matt Slocum)The Supreme Court ruled Monday that it is declining to block a Pennsylvania state court ruling allowing mail-in ballots to be counted up to three days after Election Day, according to Politico.The justices ruled in a 4-4 tie in one of their first major decisions since the death of Ruth Bader Ginsburg. As is usual for emergency injunctions, the justices offered no explanation for their decisions. In their requests for relief, Republicans complained the state court’s ruling was violating the U.S. constitution’s rules for elections by pushing the election past Election Day. “This is a loss for voters and for election integrity, you partisan hack,” Trump campaign lawyer Jenna Ellis said in response to Democratic attorney Mark Elias’s announcement of the ruling. Democrats said those arguments were without merit.The court took three weeks to act on the emergency applications in the Pennsylvania case, an unusually long period for such requests in the time immediately before an election. Welcome TCU Class of 2025 Previous articleHoroscope: October 20, 2020Next articleOnline classes increase parking availability for students Molly Kuhl RELATED ARTICLESMORE FROM AUTHORlast_img read more

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