Company News



Barclays Ex-CEO Diamond Said to Face Questioning Over Qatar Deal

U.K. prosecutors will question Robert Diamond, former chief executive officer of Barclays Plc (BARC), in a probe into fees paid to Qatar’s sovereign-wealth fund as the bank sought to raise money to avoid a government bailout, according to a person familiar with the matter.

http://www.bloomberg.com/news/2014-05-12/barclays-ex-ceo-diamond-said-to-face-questioning-over-qatar-deal.html



Dougan’s Reign Tested as Credit Suisse Tax Charge Looms

Brady Dougan got a round of applause when he greeted more than 1,500 Credit Suisse Group AG investors in German and French at a stadium in Zurich last week. . . .

http://www.bloomberg.com/news/2014-05-11/dougan-s-reign-tested-as-credit-suisse-tax-charge-looms.html



These are bad days for big boys in high finance

Whether on Wall Street or Fleet Street, this is not a happy time for big banks.

There’s been a steady stream of negative headlines suggesting that five years after the end of the financial crisis, the bell finally may be tolling for too-big-to-fail financial institutions. . .

http://hereisthecity.com/en-gb/2014/05/12/these-are-bad-days-for-big-boys-in-high-finance/



A UK recovery so fast we may leave our economic partners behind

Interest rates are likely to fall in struggling Europe as they rise in a recovering UK – luring more money into our frothy markets . .

http://www.theguardian.com/business/2014/may/11/uk-recovery-so-fast-leave-economic-partners-behind



Dinged-up JPMorgan CEO may seek exit: analysts

JPMorgan is on the ropes.

As many as 10,000 more job cuts are on the table this year on top of previously announced layoffs — the brutal result of shrinking business and regulators prowling for blood, The Post has learned. . .

http://nypost.com/2014/05/11/dinged-up-jpmorgan-ceo-may-seek-exit-analysts/