Press Round-up – March 27

March 27, 2012

Ailing Astra pays boss £9.1 million last year
The chief executive of AstraZeneca enjoyed a pay package worth 9.1 million pounds last year, despite a groundswell of concern in the London’s financial district about the embattled drugs company’s spluttering medical research pipeline. (Times)

Goldman eyes electronic bond trading
Goldman Sachs is considering how to roll out electronic trading technology to its fixed income business – one of its biggest revenue generators – as it prepares for new regulation.   (FT)

RBS sold rate swaps to thousands of small companies
Royal Bank of Scotland has broken ranks with its high street peers to reveal that it sold controversial interest rate swaps to thousands of small businesses. (Telegraph)

Game Group collapse leaves 2,000 jobless
More than 2,000 people will lose their jobs after Game Group collapsed into administration, making it the worst high street failure since Woolworths in 2008. (Telegraph)

Coutts gets heavy fine for money laundering failures
Coutts, the bank famed for handling the finances of the Queen and around half the England football team, was fined 8.75 million pounds for “serious, systemic” money-laundering failures on Monday. (Independent)

Bumi board dispute nears resolution
London-listed Bumi is expected to announce changes to the board and management that will see financier Nat Rothschild step down as co-chairman of the Indonesian coal miner he created in 2010.   (FT)

Cameron bows in cash for access row
British Prime Minister David Cameron has been forced to reveal the names of Conservative party donors invited to dinners at his official residences as pressure grows for an independent inquiry into the “cash for access” affair. (FT)

Jefferies to set up Europe financing arm
Jefferies is looking to set up a corporate lending business in Europe as the fast-growing U.S. investment bank seeks to grab market share from retrenching rivals.   (FT)

EasyJet offers exit row seats for £12
Seats in the exit rows of some EasyJet flights will cost 12 pounds from April as the no-frills airline seeks to attract customers reluctant to take part in the boarding-time melee of budget flying.   (FT)

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