The major general news stories of the past week include …
LONDON (Reuters) – Britain's Barclays on
Thursday named retail boss Antony Jenkins as its new chief executive, handing
an insider the task of helping to repair the damage caused by a rate-rigging
Barclays head quits NBNK board – The Independent
Sir David Walker, the new chairman of
Barclays, has stepped down from the board of NBNK, the vehicle which tried and
failed to buy 600-plus branches from Lloyds Banking Group.
Money boss: free banking is a 'myth' – The Telegraph
Virgin Money boss Jayne-Anne Gadhia
discusses transforming Northern Rock and how she plans to alter the public
perception of British banks.
revolution planned for high street – The Telegraph
The traditional bank branch and manager
could become a thing of the past under proposals set out by a leading financial
services industry consultant.
Banks are offering recruits up to £900 a
day to work on interest rate swap mis-selling claims, which equates to a salary
of more than £200,000 a year.
flight from Spanish banks smashes record in July – The Telegraph
Spain has suffered the worst haemorrhaging
of bank deposits since the launch of the euro, losing funds equal to 7pc of its
GDP in a single month during July.
Investment banks have been forced to raise
starting salaries this summer to attract top graduates amid a student backlash
against banking scandals.
The family of a senior partner at Deloitte
has called for answers after he apparently committed suicide days after the
auditing firm was linked to the Standard Chartered Iran dollar trades scandal.
on Vietnam's biggest bank highlights threat to economy – The Telegraph
The deliveries of truck loads of money and
queues outside branches of Vietnam's biggest lender, Asia Commercial Bank,
ready to withdraw their cash almost as quickly as stocks were replenished were
an eloquent expression of the fears stalking the county's banking system.
exchange: The geography of poverty – The Economist
WHERE do the world’s poor live? The obvious
answer: in poor countries. But in a recent series of articles Andy Sumner of
Britain’s Institute of Development Studies showed that the obvious answer is
wrong * . Four-fifths of those surviving on less than $2 a day, he found, live
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