Douglas Flint, the chairman of HSBC, is pushing for bankers to take an oath similar to that sworn by doctors as part of radical plans to overhaul the way the profession is viewed in the wake of the financial crisis and successive banking scandals.
Self-confidence and betting on long odds are part of their DNA and so, while expecting the financial industry to slash bonuses this year, many bankers think it will not happen to them.
The head of the Bank of England, Sir Mervyn King, has told MPs that the culture at the big investment banks has changed.
While a 12-hour meeting between EU authorities and the IMF failed to reach agreement on releasing the next bailout tranche to Greece, we think this is merely a delay and funds will be forthcoming following the Greek parliament’s approval of further
The first in-depth investigation of whether youthful happiness leads to greater wealth in later life reveals that, even allowing for other influences, happy adolescents are likely to earn more money as adults.
Income investing is not new. What is new are the challenges faced by investors in creating a portfolio with the right level both of income and risk in this low yield, low growth, more uncertain world.