Corporately Aware

03/07/2012

http://www.bloomberg.com/news/2012-07-03/barclays-ceo-diamond-quits-after-record-libor-rigging-fine-1-.html

“I am deeply disappointed that the impression created by the events announced last week about what Barclays and its people stand for could not be further from the truth,” Diamond said in the statement.

02/07/2012

http://www.forbes.com/sites/richardbehar/2012/06/27/world-bank-spins-out-of-control-corruption-dysfunction-await-new-president/

It's presidential inauguration time in Washington. Not for the person who will helm the federal government--that comes in six months--but instead for Dr. Jim Yong Kim, the man taking the reins of an organization even more lumbering, and far less accountable: the World Bank.

02/07/2012

http://uk.reuters.com/article/2012/07/02/uk-barclays-chairman-idUKBRE8600GJ20120702

Barclays Plc Chairman Marcus Agius quit on Monday, saying an interest rate rigging scandal had dealt "a devastating blow" to the bank's reputation and "the buck stops with me".

LONDON (Reuters) - Barclays Plc Chairman Marcus Agius is set to quit on Monday as the interest rate rigging scandal takes its first major scalp and threatens to widen to other banks, raising questions

30/06/2012

http://www.bloomberg.com/news/2012-06-29/u-k-banks-to-compensate-clients-improperly-sold-swaps-fsa-says.html

Britain’s four biggest banks will compensate customers improperly sold interest-rate derivatives following an investigation by the Financial Services Authority.

30/06/2012

http://www.dw.de/dw/article/0,,16062217,00.html


Relief for the chancellor - both houses of the German parliament have agreed to the European bailout fund and the fiscal pact. But they're not yet ratified - the constitutional court and the president have the final say.

30/06/2012

http://www.lawgazette.co.uk/news/herbert-smith-merger-creates-truly-global-giant

International law firm Herbert Smith is to merge with Australian firm Freehills to create one of the world’s largest firms.

29/06/2012

http://www.forbes.com/sites/glennllopis/2012/06/25/8-winning-ways-to-perform-workplace-wonders/2/


What is your attitude when you are at work? Are you excited about the workplace culture and the people that surround you? What is your performance state of mind at work?

Today’s workplace is changing – forcing employees to change with it. Most organizations just expect their employees to go with the flow and adjust with culture shifts. They are insensitive about the direct implications new workplace environments have on engagement, performance and the overall mi...

29/06/2012

http://www.bloomberg.com/news/2012-06-29/eu-leaders-ease-debt-crisis-rules-for-spain-as-merkel-retreats.html


Euro-area leaders agreed to ease repayment rules for emergency loans to Spanish banks and relax conditions on potential help for Italy as an outflanked German Chancellor Angela Merkel gave in on expanded steps to stem the debt crisis.

29/06/2012

http://uk.reuters.com/article/2012/06/29/uk-jpmorgan-loss-size-idUKBRE85R1EV20120629


JPMorgan Chase & Co's losses from disastrous derivatives trades will likely amount to $4 billion (2.57 billion pounds) to $6 billion in the second quarter, far more than the original.

28/06/2012

http://www.bloomberg.com/news/2012-06-28/barclays-451-million-libor-fine-paves-the-way-for-competitors.html

Barclays Plc’s record $451 million settlement offers a road map for how U.S. and U.K. authorities will pursue sanctions in a global investigation of interest rate manipulation that has ensnared more than a dozen banks.

13/04/2012

http://www.dw.de/dw/article/0,,15874144,00.html

"There is apparently only one medicine for states suffering from a swollen national debt - austerity measures. Both unions and the financial sector are becoming more and more skeptical that this is the best antidote."

21/03/2012

An at-a-glance summary of the main points of the 2012 Budget as delivered by Chancellor George Osborne on 21 March 2012.