George Hay coordinates European financial coverage and writes about macroeconomics, the euro zone and UK/European financial policy. He covered European banks for Breakingviews during the financial crisis, and has also worked as a correspondent for AFX News and at United Business Media. He attended Edinburgh University and his work has been recognised at the UK’s Business Journalist of the Year Awards. Follow George on Twitter @gfhay
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The UK-listed emerging markets lender is to cut a quarter of its 4,000 top people, Reuters reports. Something is definitely needed to improve StanChart’s capital and returns. But this plan will only work if 1,000 high earners aren’t paying their way.
David Cameron promises 200,000 affordable “starter homes” by 2020. Even if the Conservative prime minister delivers, the supply squeeze is set to worsen, pushing house prices even higher. Like the previous Help to Buy ruse, a few people will gain, but the whole nation loses.
The assault on the troubled national airline’s HR director isn’t the first French use of unconventional negotiating techniques. It’s not totally irrational, as the government often yields to direct action. But with its swollen cost base, Air France can’t afford to be cowed.
- Insurer TBTF capital rules take baby step forward
- Commerzbank ought to consider merging with HVB
- StanChart’s CEO pay is needlessly complicated
- Swiss Re deal sidesteps insurance bad-M&A trap
- Zurich’s loss of RSA nerve dents its credibility
- Worldpay IPO looks surer bet than M&A
- Corbyn's good idea on EU outweighs the bad