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Jun 4, 2012

Global bank Santander hamstrung by Spanish heritage

MADRID, June 4 (Reuters) – Banco Santander’s red
and white flame logo popped up around the world when Spain was
booming, but now the country’s fortunes have turned, the global
bank is being scorched by the domestic blowback.

It has come a long way since it was founded in 1857 in the
northern Spanish port from which it takes its name, building a
strong presence in mature markets such as the UK, and growth
markets including Brazil, Mexico and Poland.

Jan 28, 2012

Bankers resist regulatory restraint on bonuses

DAVOS, Switzerland (Reuters) – Budding bankers expecting the bumper bonuses of years gone by will have to think again, with only the top performers likely to be paid top dollar.

Business leaders and bankers at the annual Davos forum were largely dismissive of attempts to cap or restrict compensation in the financial services industry through regulation.

Jan 26, 2012

Besieged bankers look for signs of hope at Davos

DAVOS, Jan 26 (Reuters) – Bankers feel under siege,
and from the heights of Davos in the Swiss Alps they are looking
to convince the world that they have a role to play in getting
economies back on their feet.

Their banks need growth, for without it the outlook for many
is still grim, particularly in Europe where the euro zone debt
crisis has resulted in bailouts, a retreat from lending, job
cuts and government pressure to refocus their business.

Dec 20, 2011

Ex-Olympus boss says close to picking alternative board

LONDON (Reuters) – Former Olympus Corp head Michael Woodford is close to releasing names of an alternative slate of directors for the board of the company, he told Reuters in an interview, as he fights to return at the helm of the company.

Woodford, who won a battle to force his former employer to admit to more than a decade of accounting fraud, said he was confident that there would be an extraordinary general meeting (EGM) of shareholders within the next three months.

Dec 14, 2011

Newsmaker – Cazenove’s Wise new head looks beyond one-man brand

LONDON (Reuters) – Tim Wise has a complex balancing act to pull off as he steps onto the public stage as head of JPMorgan Cazenove, the new face of a venerable British broker and adviser prized for the discretion of its bankers.

Wise took over last month as chairman from David Mayhew, one of the City of London’s best known and yet most intensely private bankers. A corporate finance specialist, Wise has until now kept a low profile, known only to clients, colleagues and peers.

Dec 14, 2011

Cazenove’s Wise new head looks beyond one-man brand

LONDON, Dec 14 (Reuters) – Tim Wise has a complex
balancing act to pull off as he steps onto the public stage as
head of JPMorgan Cazenove (JPM.N: Quote, Profile, Research), the new face of a venerable
British broker and adviser prized for the discretion of its
bankers.

Wise took over last month as chairman from David Mayhew, one
of the City of London’s best known and yet most intensely
private bankers. A corporate finance specialist, Wise has until
now kept a low profile, known only to clients, colleagues and
peers.

Dec 14, 2011

Cazenove’s Wise new head looks beyond one-man brand

LONDON, Dec 14 (Reuters) – Tim Wise has a complex
balancing act to pull off as he steps onto the public stage as
head of JPMorgan Cazenove (JPM.N: Quote, Profile, Research), the new face of a venerable
British broker and adviser prized for the discretion of its
bankers.

Wise took over last month as chairman from David Mayhew, one
of the City of London’s best known and yet most intensely
private bankers. A corporate finance specialist, Wise has until
now kept a low profile, known only to clients, colleagues and
peers.

Nov 21, 2011

Olympus ex-CEO Woodford says to attend board meeting

TOKYO/LONDON (Reuters) – The sacked chief executive of Japan’s disgraced Olympus Corp (7733.T: Quote, Profile, Research, Stock Buzz) says he has accepted an invitation to attend its board meeting this week, in what could be a hopeful sign for investors who want him to return and lead a clean-up of the firm.

Olympus, a maker of cameras and medical equipment, has been engulfed by an accounting scandal and is under investigation by regulators, prosecutors and also organized-crime police. The scandal broke when CEO-turned-whistleblower Michael Woodford publicly questioned its accounts after his sacking last month.

Nov 10, 2011

Insight: Firms find it hard to think outside the euro

LONDON (Reuters) – German travel group TUI AG is going where the world’s biggest financial firms have yet to venture.

It has decided to protect itself from the risk that Greece could leave the euro zone by asking Greek hoteliers to sign new contracts which would apply if this were to happen.

Nov 10, 2011

Firms find it hard to think outside the euro

LONDON, Nov 10 (Reuters) – German travel group TUI AG is
going where the world’s biggest financial firms have yet to
venture.

It has decided to protect itself from the risk that Greece
could leave the euro zone by asking Greek hoteliers to sign new
contracts which would apply if this were to happen.

    • About Alexander

      "I am a Reuters columnist specialising in financial services -- particularly investment banking, M&A and corporate finance. I am based in London, but have lived and worked in Spain and South America. I have been a journalist and editor for almost 19 years and before moving into commentary at the beginning of 2009 I was the editor responsible for Reuters coverage of company news in Europe, Middle East and Africa."
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