ANDY HORNBY, the head of HBOS's retail banking arm, will receive shares worth up to £3.25m under a special "golden handcuffs" bonus scheme designed to stop him from joining retial chain Boots, reports The Times.
The paper says the bank has confirmed Hornby, will receive 260,000 shares in April, after beating targets aimed at lifting profits in the unit by 60% or more over three years. Hornby, who is seen as...
First of a number of acquisitions
The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.
West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.
Employers need to do more to inform employees unaware of auto-enrolment Scottish Widows research shows.
Naomi Osinnowo asks what needs to be done to get people to engage with retirement planning.
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%