RSS Feed

Calendar

June 2018
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
252627282930  

Search

Tag Cloud

Archives

Barron’s (March 7)

2018/ 03/ 09 by jd in Global News

“Today, in response to a campaign by sustainable investors Arjuna Capital and Walden Asset Management, American Express (AXP) became the seventh financial-services company since Jan. 15 to agree to take steps to publish and close the pay gap between male and female employees. The others are Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), Bank of New York Mellon (BK), Mastercard (MA), and JPMorgan Chase (JPM).”

 

Newsweek (February 8)

2017/ 02/ 09 by jd in Global News

“A hard “Brexit could threaten 30,000 jobs in London’s world-class finance sector,” according to a recent report, if the firms “lose their ‘passport’ to operate across the EU.” Of course, nobody will really know until Brexit transpires, but the same study suggests “17 percent of all U.K. banking assets might be on the move as a result of Brexit” and the U.K.’s share of the European financial services market could contract from the current 90% to around 60%.

 

Economist (January 5, 2011)

2011/ 01/ 06 by jd in Global News

The EU and Financial Services Authority (FSA) announced guidelines governing bonuses for the financial service sector. The Economist is not impressed, characterizing the guidelines “as remarkable and unhealthy regulation.” The Economist laments that “bad bonus rules are worse than bad bonuses” and may have unintended consequences that increase, rather than decrease, risk.

 

[archive]