Stephen Hester, chief executive of Royal Bank of Scotland(RBS), mounted a strong defence of his bonus package to MPs yesterday, despite mounting criticism of the bank's involvement in the LIBOR scandal under his watch.
Hester told the Parliamentary Commission on Banking Standards he deserved the £780,000 payout from his long-term incentive package because of the "huge things" he had achieved since arriving at the taxpayer-owned...
New role in September
JOHCM's Beagles: Post-referendum economic and company data proves it is not as gloomy as many believe
More than a month on from the EU referendum and the sky has not fallen in. Helped by the Conservative party's usual brutal efficiency that ensured the political vacuum was quickly filled, financial markets have stabilised.
The US market continues to climb higher on encouraging economic data, recovering oil prices and the Federal Reserve's cautious approach to raising interest rates, writes Franklin Templeton's Grant Bowers.
Prime Minister Shinzo Abe won a decisive victory in the Upper House polls last month. His ruling coalition now holds a 'super majority' control of both houses of parliament (ie, holds de-facto more than two-thirds of all parliamentary seats), writes Jesper...
Which funds topped the chart?