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Financial Times - UK Homepage
Lynch departure after US group pointed to poor divisional performance had been preceded by all senior management and large number of developers
Managers are frustrated with politicians’ efforts to resolve crisis, and fear the likelihood of Greece leaving eurozone has risen sharply in past week
British PM had publicly declared eurozone must ‘make up or break up’ and for ‘a bank that gets behind that single currency’
Most Asian equity markets were a touch firmer, but concerns about the eurozone and global growth prospects persist
When brokers discovered they had larger holdings than originally thought, many rushed to offload excess holdings, sparking a tumble in the shares
Fresh meeting holds out hope of a possible deal but no sign in Baghdad that negotiators had managed to bridge any differences between the two sides
Hernández cited ‘personal reasons’ for decision, but a company source said there had been ‘differences of style’ with the board
Bank’s lay board gave Ettore Gotti Tedeschi, who had been under investigation by Italian authorities, a no-confidence vote for failing to carry out duties
The deal, expected to be announced soon, for the remaining shares held by Bank of America and Barclays, could pave the way for a possible initial public offering
The Sicilian town notorious for its ferocious godfathers hopes to break with its bloody past, but the Cosa Nostra is far from finished
