Finance News
HBOS ups Sainsbury's bank stake and installs new chairman
09.02.07
HBOS has bought an additional five per cent of shares in Sainsbury's Bank, paying £21 million to secure the deal
Pension fund investors want pay freeze for BP's Browne
09.02.07
As BP chief executive Lord Browne prepares to leave the company with a substantial financial settlement, two investors will ask for his pension funds to be frozen in trust, reported Reuters
New staff costs see UBS value fall
14.02.07
UBS, the money managing company saw its shares fall yesterday as it revealed that increasing staff costs had reduced its annual profits
Credit Suisse follows city trend and appoints American chief exec
16.02.07
The Credit Suisse group has announced that chief executive officer Oswald Gruebel is to stand down in May, when he will be replaced by American Brady Dougan
HSBC North American exec quits
23.02.07
The chief executive officer of HSBC North America, Bobby Mehta, has stepped down from his position with immediate effect