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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Lloyds chairman to retire in 2014

Category : World News

Lloyds Banking Group, which is 39%-owned by the UK taxpayer, says its chairman, Sir Win Bischoff, will retire before May 2014.

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Lloyds chairman Win Bischoff to step down

Category : Business

City veteran said the bank’s performance is ‘well on track’ ahead of government sell-off

Sir Win Bischoff said Lloyds Banking Group was “on track” for recovery as he announced he would step down as chairman before next year’s annual general meeting.

The search for a successor for the 72-year old City veteran will be led by a senior Lloyds director and is beginning just days before this year’s annual meeting, which takes place on Thursday.

Bischoff’s departure from a role he took on in September in 2009 has been the subject of speculation for many months although he now looks likely to leave before the sale of the government’s 39% stake.

“Lloyds Banking Group has, over the past four years, made significant progress in its goal to become a strong, efficient, UK-focused retail and commercial bank. Whilst clearly some challenges remain, the performance of the group is well on track. Indeed, in many areas, it is ahead of plan. This gives me every confidence in the future success of the group and it is therefore a good time to start the search for my successor,” Bischoff said.

Anthony Watson, the former fund manager and senior independent director, will lead the search for the new chairman, who will need to give investors enough confidence in the bank to buy shares during any stock market flotation.

In a surprise move in March, the government signalled its determination to privatise Lloyds by linking a bonus for its chief executive, António Horta-Osório, to selling off a stake in the bank at a price above 61p. This is considerably lower than the 73p that the City had previously assumed would be the price targeted by the government.

Bischoff was a key figure at the investment bank Schroders when it was sold to the US bank Citigroup in 2000. He ended up running the entire bank in the fall out of the 2007 credit crunch but left Citi in 2009 after the bank reported a $18.5bn (£12bn) loss.

He was named chairman of Lloyds after the HBOS rescue, which led to the departure of Sir Victor Blank, who had chaired Lloyds during the 2008 crisis. In 2001, Bischoff replaced the Lloyds chief executive, Eric Daniels, with Horta-Osório.

Speculation about Bischoff’s successor is already swirling around Paul Tucker, deputy governor of the Bank of England.

The extraordinary story of Dave Whelan

Category : Business

The extraordinary story of Wigan chairman Dave Whelan

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Fortune Brainstorm Podcast: Can Jamie Dimon tolerate a boss?

Category : Business

As some J.P. Morgan shareholders begin to call for a chairman-CEO split, Fortune writer Katie Benner helps guide us through the story of Dimon’s leadership.

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St Andrew Goldfields Ltd (STADF: OTCQX International) | SAS reports on Election of Directors and Appointment of Chairman of the Board of Directors

Category : Stocks

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SAS reports on Election of Directors and Appointment of Chairman of the Board of Directors

Canada NewsWire

TORONTO, May 10, 2013

TORONTO, May 10, 2013 /CNW/ – St Andrew Goldfields Ltd. (T-SAS) (OTCQX-STADF), (“SAS” or the “Company”) today announced that each of the nominees for
director of the Company as listed in the Company’s 2013 Management
Information Circular (available under the Company’s profile on SEDAR at
www.sedar.com and on the Company’s website at www.sasgoldmines.com) were elected at its Annual and Special Meeting of Shareholders held on
May 9, 2013.

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Does JPMorgan suffer from Dimon discount?

Category : Business

Shares of JPMorgan Chase have underperformed compared to other big banks. Would it do better if Jamie Dimon gave up the chairman title?

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Jamie Dimon is under fire

Category : Business, Stocks

Shareholders are pushing JPMorgan’s board to strip Jamie Dimon of his role as chairman. An influential shareholder advisory firm also wants three board members out.

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Loans4Less.com, Inc. (LFLS: OTC Pink Current) | LFLS Q1 2013 REPORT

Category : World News

LFLS Q1 2013 REPORT

May 03, 2013

OTC Disclosure & News Service

Redondo Beach, CA – Loans4Less.com, Inc. reports Financial Results for the

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Shots fail to pay players’ wages

Category : Business, World News

Aldershot Town chairman Shahid Azeem confirms the League Two club have not paid players their wages for April.

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RBS ‘ready to privatise in a year’

Category : World News

The chairman of Royal Bank of Scotland (RBS) says the bank will be ready to return to the private sector next year, as it reports a return to profit.

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