There are a lot of initiatives in the City, but very few that have much lasting effect. Hats off therefore to the 30% Club, formed last year under the chairmanship of Sir Win Bischoff - also chairman of Lloyds Banking Group - to press for more diversity in company boardrooms and particularly to get more women in place as directors... more
Given how important charity is in Britain, and how it is expected to do yet more in the future as the state does less, it remains perversely difficult to donate in a tax-efficient way... more
Shareholders in part-nationalised Lloyds Banking Group support pay and bonus proposals put forward by the board despite widespread anger from small investors... more
I wish I had been a fly on the wall at this week’s discussions between Lloyds Banking Group chairman Sir Win Bischoff and its chief executive Eric Daniels over his bonus... more
City Comment: It was Manchester United versus Arsenal in 1999 that Sky used to launch “pressing the red button”. By the end of this decade we'll all be watching in 3D. ... more
Lloyds Banking Group today fired the starting gun on its record-breaking rights issue pricing the new shares at the top end of the range it set itself three weeks ago... more
The City begins its fight back this week with the launch of a lobby group to speak out for the financial services industry and allied professions in the Square Mile ... more
One year ago today, the news broke that Lloyds TSB was going to take over HBOS in a £12.2 billion all-share deal. With the benefit of hindsight, it is still staggering to read the press release issued to the Stock Exchange the following morning, 18 September... more
Shares in Lloyds Banking Group dropped 5p to 97p as the market reacted cautiously to the growing likelihood that it will launch a multi-billion pound rights issue... more
It’s all well and good getting your Windows XL spreadsheet out and crunching the numbers for a Lloyds Banking Group rights issue and coming up with the answer that this all makes marvellous sense ... more
So Brownite Treasury civil servant John Kingman is quitting as £143,000-a-year chief executive of UK Financial Investments, which oversees the Government's stakes in Royal Bank of Scotland, Lloyds, Bradford & Bingley, etc... more
Lloyds Banking Group shares rose just 1.5% on news that veteran banker Win Bischoff is to take over as chairman from Sir Victor Blank in September ... more
Once again, this Government has created a beast it cannot control. When Lloyds TSB, HBOS and Royal Bank of Scotland turned to the Treasury for their combined £37 billion bailout last year, wiser voices than mine argued for full rather than part privatisation ... more
Banking: Bankers face the prospect of "dramatically lower" bonuses this year and the prospect of future payouts being clawed back if their investments fail to perform... more
As you pass through life, some things you expect. No one, however, bothers to tell you about financial advisors, who enter your life without warning in your 20s, and then don't go away... more
Novelist Zadie Smith, singer Jarvis Cocker and head of the Catholic Church in England and Wales, Cardinal Cormac Murphy O'Connor, were confirmed as guest editors of Radio 4's Today programme... more
The Chancellor is asking City leaders how to keep the Square Mile competitive. They would do best to let the Bank of England look after banking - and then leave well alone... more
You would think that bankers would by now be wary about following the latest fashion, but it would appear to be a habit too deeply ingrained to shake off... more
Tonight:
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