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Union attacks longer hours plan at HSBC

first_img Show Comments ▼ Union attacks longer hours plan at HSBC Share HSBC HAS come under fire from its clerical union over claims it will downgrade the contracts of thousands of its branch managers.Unite has written to the bank following an announcement yesterday that it wishes to change the working week of managers from five days to a six day week. HSBC will also reduce management sickness absence pay to a maximum of 26 weeks and halve the contracted level of benefit.The bank says the changes are necessary to allow it to change its opening hours to coincide with the times its customers wish to bank. This includes rolling out Saturday opening. A spokesman told City A.M. only managers will be affected by compulsory changes.A Unite spokesman said: “We are appalled that HSBC has decided to unilaterally impose changes to the contracts of its staff. These bank managers work extremely hard for long hours and earn salaries as low as £19,000 per year.“Any attempt to force through changes to managers’ contracted hours of work will be fiercely resisted by Unite.”The union also expressed concerns over the general treatment of the bank’s management, which it says are currently denied the right to have the union negotiate on their behalf. Tuesday 10 August 2010 8:32 pm Tags: NULL whatsapp whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof KCS-content last_img read more

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Building outfit Carillion welcomes era of austerity

first_img Show Comments ▼ Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof BRITISH building and support services firm Carillion said first-half underlying pre-tax profit rose 17 per cent to £58.8m and it expected to benefit from outsourcing as governments try to cut costs.Sales were down 11 per cent on last year, however, to £2.5bn for the first half as a result of the company disposing of its public private partnership investments, Carillion said yesterday.The company said sales had also been hit by the timing of projects in the Middle East and an increased focus on margins over revenues.Many construction and outsourcing firms are awaiting the British government’s spending review in October which is expected to reveal the extent of cuts to public spending.“Our support services business is well positioned to benefit from the expected increase in government outsourcing of non-core services, particularly as we move through 2011 into 2012 and 2013,” the company said. Building outfit Carillion welcomes era of austerity whatsappcenter_img Thursday 26 August 2010 7:51 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd whatsapp Tags: NULLlast_img read more

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Italy ups its growth forecasts

first_img whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Italy ups its growth forecasts Show Comments ▼ Share Tags: NULL whatsappcenter_img Wednesday 29 September 2010 11:11 pm 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com KCS-content Italy raised its forecast for growth this year but trimmed its view for 2011, leaving its three-year deficit reduction programme on track. The Treasury now sees growth of 1.2 per cent of economic output this year, up from a previous estimate of one per cent, and of 1.3 per cent next year, down from 1.5 per cent previously. The government raised its debt forecast to 118.5 per cent of GDP this year and 119.2 per cent next year. Italy faces a period of sluggish growth after emerging from its worst post-war recession and the new forecasts underline the uncertainty facing country. last_img read more

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Newsweek in Beast tie-up talks

first_imgMonday 11 October 2010 8:18 pm Show Comments ▼ whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content Newsweek in Beast tie-up talks Sharecenter_img US weekly magazine Newsweek and the Daily Beast news website are exploring possibilities to combine their operations and the likelihood of a deal is increasing, it is understood. A deal would make Daily Beast co-founder and co-owner Tina Brown the editor of Newsweek on top of her existing editorial duties at the website. Sidney Harman bought Newsweek from The Washington Post in August. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat News Tags: NULL whatsapp last_img read more

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Hugo Boss earnings up after it saw strong sales in Asia

first_img GERMAN fashion group Hugo Boss yesterday raised its 2010 outlook after a faster-than-expected recovery in the luxury goods market, together with its strategy of opening more stores, helped it beat third-quarter forecasts.After a sharp downturn, the luxury market has started to recover in 2010, driven by tourist shoppers from emerging markets such as China. In its third quarter, Hugo Boss saw EBITDA jump 42 per cent to €150m (£132m).It now forecasts operating profits will be 20 per cent up on last year, against earlier estimates of between 10 per cent and 12 per cent.“Suits seem to fly off hangers,” the Frankfurt-based trader said.Its shares have gained 79 per cent this year as prospects for the luxury sector have improved.A spokeswoman said Hugo Boss was satisfied with all of its markets and was aiming to open up to 60 of its own shops in 2010, which would take the total to 425.Hugo Boss, majority-owned by private equity company Permira, said third-quarter results were driven by its growing retail business and a Chinese joint venture with franchise partner Rainbow, which it intends to use to boost its retail presence in the Asia/Pacific region.It said it would give more details in its nine-month results, to be published on 2 November. Last week, chief executive Claus-Dietrich Lahrs said that luxury markets might bounce back much faster than previously thought. Hugo Boss earnings up after it saw strong sales in Asia KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Tags: NULL Share Show Comments ▼ Thursday 14 October 2010 8:24 pm whatsapplast_img read more

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Pizza firm tops profit forecasts

first_img Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Tuesday 19 October 2010 7:37 pm whatsapp Show Comments ▼ whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Domino’s Pizza yesterday reported quarterly profit that topped Wall Street’s expectations, as its new pizza recipe attracted more US diners than expected, sending shares up as much as 6.7 per cent to a five-month high. The company saw sales at restaurants open at least a year in the United States surge 11.7 per cent in the third quarter, far above the 6.9 per cent consensus among analysts. Share Pizza firm tops profit forecasts Tags: NULLlast_img read more

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G20 meeting pushes US dollar to a 15-year slump

first_imgMonday 25 October 2010 8:29 pm G20 meeting pushes US dollar to a 15-year slump KCS-content whatsapp THE US dollar fell to a 15-year low against the yen yesterday in the first day of trading after the G20 meeting of finance ministers in South Korea agreed to avoid a currency war that could derail the global economic recovery.The meeting however failed to convince traders who continued to sell the dollar while commodity prices rose.The US dollar traded at 80.86 yen yesterday having fallen as low as 80.41 yen – the weakest level since April 1995. Below that, the dollar would be at its weakest since the yen was allowed to float freely in the 70’s.At the weekend meeting ministers agreed to avoid devaluing their currencies to gain competitive advantage, although they failed to adopt concrete targets to address trade imbalances. The G-20’s joint communiqué didn’t have enough teeth to trump worries that the US Federal Reserve will soon announce a huge quantitative-easing program, which will weaken the value of the dollar.With a weakend US dollar investors pumped money into commodities, with mining stocks gaining ground. Tags: NULL whatsappcenter_img Share 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap last_img read more

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Murdoch’s Sky bill soars

first_img More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com NEWS Corp may have to pay up to 870p a share to regain control of BSkyB, with industry sources claiming resolve at board level has toughened over the last week.This would value Sky at a staggering £15.2bn – a full £3bn above the price News Corp bid in June. Shares in Sky jumped more than one per cent to 720p on Friday despite Vince Cable ordering a preliminary investigation into the deal.Media analyst Claire Enders, of Enders Analysis, expects a bid far in excess of 800p a share, pending regulatory clearance. She told City A.M.: “I think a final bid will be between 820p and 870p a share. It is almost unthinkable Sky would sell for anything near 700p a share. It is quite likely the takeover would involve offering a special dividend to shareholders.”A source close to Sky agreed it is likely the firm would cost News Corp more than the figures discussed over the summer but denied board members are discussing valuations ahead of the results of the Ofcom investigation.He said: “Until a bid gets regulatory clearance any valuation of the firm is meaningless. Even the prices discussed over the summer were speculative. This could be a long waiting game.”Cable has instructed media regulator Ofcom to assess whether the takeover would harm “media plurality”. Ofcom will file a report before January with its recommendations, following which Cable can order an investigation by the Competition Commission. This would run parallel to a European Commission investigation, both of which would take around four months.News Corp is determined to buy back the 61 per cent of Sky it does not already own after floating the firm in 1994. KCS-content whatsapp Sunday 7 November 2010 9:25 pm Tags: NULL Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousaUndocenter_img whatsapp Show Comments ▼ Share Murdoch’s Sky bill soars last_img read more

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No cheap fixes for Ireland’s woes

first_imgMonday 15 November 2010 8:21 pm No cheap fixes for Ireland’s woes NO ONE wants to pay for Ireland to be bailed out. But Britain must face, along with its European partners, the danger that an Irish default presents.Britain is liable for 13.6 per cent of the €60bn (£50bn) European Financial Stabilisation Mechanism. An Irish bailout from the fund could therefore cost Britain as much as £7bn, and perhaps another £3bn through its IMF commitments. That may seem arbitrary and unfair, especially for a country sensible or fortunate enough not to have become enmeshed in the euro’s internal tensions.Yet Britain is hardly isolated from the Irish or the wider European economy. Recall how Iceland’s crisis imposed real costs on the UK, where British councils alone had £1bn invested in Icelandic banks. Today, Britain’s banks are heavily exposed to Ireland. At the end of last year, Bank of England figures show that British banks held £107bn of Irish debt. RBS revealed a £4.28bn exposure as recently as July. That is not even to consider the impact on trade with one of our nearest neighbours – Ireland is Britain’s fifth-biggest trading partner, receiving 7 per cent of our exports. Ireland’s problems are ours too.But the real problem here is the lack of a mechanism for failure. Angela Merkel’s comment yesterday that “if the euro fails, then Europe fails,” might not always sound so catastrophic to British ears, but the fallout from a European collapse could scarcely fail to injure us too. Ireland is a reminder that we lack a suitable way to manage sovereign failure. We need to find an alternative to the kind of system we have now, rife with moral hazard, where no one is prepared to accept losses are possible – without risking crippling economic contagion from the debts that moral hazard has already allowed to accumulate. A solution is proving intractable.Euro-area finance ministers are meeting in Brussels today, but yesterday, even as Portugal’s finance minister Teixera dos Santos urged them to “do what is most appropriate together for Ireland and the euro”, the Irish government called rumours of an EU bailout “fiction”.Whatever happens next, it is a tale without a happy ending, and without heroes. Ireland’s political class has landed the country in a calamitous economic situation, to which Europe and the euro also made a substantial contribution. In the short term, Angela Merkel’s comments helped to precipitate the Irish bond anxieties that brought this crisis to a head. And in the long term, it was Ireland’s membership of the euro that forced it to accept the low interest rates that inflated the bubble that has now exploded. We are all left to face the consequences. There are no easy answers here, and no cheap fixes either. whatsapp Share Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life whatsapp Tags: NULLlast_img read more

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Jain not a shoe-in at Deutsche

first_img whatsapp whatsapp Jain not a shoe-in at Deutsche Tags: NULL Share KCS-content center_img Wednesday 17 November 2010 9:04 pm SENIOR Deutsche Bank executives and members of the supervisory board – which will select the next chief executive — have signaled it is not a foregone conclusion that Anshu Jain will get the job.“The captain of the ship needs to give a direction and detect icebergs, but he doesn’t have to row the boat,” a member of the supervisory board said. The bank’s chief risk officer Hugo Baenziger has emerged as a strong candidate.Not picking an investment banker would run counter to a trend at other European banks involved in investment banking.Barclays recently handed investment banking chief Bob Diamond the top job after initially passing him over in favour of John Varley.And Credit Suisse promoted US investment banking chief Brady Dougan, rather than Swiss wealth management chief Walter Berchtold, to run the Swiss bank. Before joining Deutsche Bank, Josef Ackermann himself walked out of SKA, a predecessor of Credit Suisse where he was a board member, after being passed over for the top job. Ackermann later became investment banking head at Deutsche before becoming chief executive in 2002.But senior bankers say one of Ackermann’s most important achievements was to be “neutral,” a quality needed to unite competing factions within the bank. That may count against Jain’s candidacy given his investment banking background.Unlike Jain, Baenziger speaks fluent German, a fact that will go down well in Berlin and in German banking circles. Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCuteness56 Animal Puns For a Quick LaughCutenessBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadacutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comAmoMediaSpoiled Guy Mocks Waiter, Dad Teaches Him Cruel LessonAmoMediaHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationMike HistoryAt 66, This Is Bruce Willis’ Private CarMike HistoryFoundation ExpertFoundation Repair Cost In Scottsdale May Surprise YouFoundation Expertlast_img read more

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