Account
Britain's finance minister will have a first chance to challenge plans in Brussels to cap bankers' bonuses at a meeting on Tuesday, but he is unlikely to find enough support from fellow EU ministers to block a measure popular with voters.European Union diplomats and the bloc's parliament agreed new rules last week that would prevent bankers from receiving bonuses bigger than their base salaries from next year. The bonus cap can rise to twice the size of the salary if shareholders agree.Britain's powerful financial sector professionals fear the rules will put London at a disadvantage and provoke an exodus of major banks and staff to rival financial centers.Finance Minister George Osborne has argued against the limits and will repeat those objections at an EU ministers' meeting in Brussels. Few other countries, however, support his position, officials familiar with the discussions say, and since the measures only require a weighted majority of member states to become law, Britain has no ...
London Mayor Boris Johnson on the logistical success of the Olympics and the games’ impact on the city’s economy in the short and long-term.
The U.K. government will look into the possibility of building a new airport in the Thames Estuary outside London, Prime Minister David Cameron said Monday.In a spee...
London Mayor Boris Johnson on how the city is gearing up for the 2012 Olympic games.
Duncan Niederauer, NYSE CEO, at the Davos World Economic Forum, on the stock exchange's potential deal with Deutsche Boerse, and why all is not lost for it to go through.
Rep. Peter King, (R-N.Y.), on the future of attorney General Eric Holder and operation “Fast and Furious”.
FBN’s Diane Macedo with the latest details surrounding News Corp. and the hacking scandal in the UK.
LONDON (Reuters) - The News Corp phone hacking probe claimed its second senior police scalp in less than 24 hours when the London force's Assistant Commissioner John...
LONDON (Reuters) - Metropolitan Police Commissioner Paul Stephenson resigned on Sunday following criticism of the handling by police of a phone hacking scandal that ...
London’s startup fog has started to clear.For decades, if you’ve wanted to make it big as an entrepreneur, the U.S. was your safest bet. That’s because starting your...
London’s startup fog has started to clear.For decades, if you’ve wanted to make it big as an entrepreneur, the U.S. was your safest bet. That’s because starting your...
NY Gov. David Paterson responds to the rumors surrounding his personal life and accusations of ‘womanizing’ based on a rumored New York Times story.
NYSE Euronext CEO Duncan Niederauer argues the financial crisis was rooted in opacity and systemic risk.
London Mayor Boris Johnson lashed out at a European Union cap on bankers' bonuses on Thursday, warning that the move will shunt banking business away from the City o...
The CEO of a U.S. tire maker has delivered a crushing summary of how some outsiders view France's work ethic in a letter saying he would have to be stupid to take ov...
Don't miss out on the FX industry buzz. Here's our weekly rundown of the latest people moves and product launches:PEOPLE:-- Greg Knight, the global co-head of foreig...
Much has been written over the past year about the risks of a two-speed Europe in which the 17 euro zone countries move ahead more rapidly than the rest of the Europ...
Francois Hollande's bid to rescue steel furnaces in France's historic industrial heartland was to be the mark of a president on the side of the workers and a state w...
Francois Hollande's bid to rescue steel furnaces in France's historic industrial heartland was to be the mark of a president on the side of the workers and a state w...
Standard Chartered is in settlement talks with the New York State Dept. of Financial Services on charges it conducted dollar transactions on behalf of Iran through i...
