Senior employees at U.K. banks may face a 10-year wait for bonuses under proposals put forward by a committee investigating the failures of the industry, which also recommended making “reckless” management of lenders a crime.
Europe’s carbon emissions trading system risks failing unless significant changes are made, including an end to the bloc’s renewable energy target, according to a paper published today by a U.K. research group.
Zurich’s auction houses are attracting a growing number of international buyers for Swiss art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family.
Kanye West’s Messiah complex has reached new heights. The man who once said that people looked at him as if he was Hitler has a new album called “Yeezus” with a one song, “I Am a God” (subtitled “featuring God”.)
Vodafone Group Plc raised its preliminary offer to buy Kabel Deutschland Holding AG to about 7.5 billion euros ($10 billion) to persuade Germany’s largest cable company to enter talks, said people familiar with the bid.
Leon Cooperman’s Omega Partners sued the officers and directors of Tetragon Financial Group Ltd., claiming they used the 2012 purchase of hedge-fund firm Polygon Management LP to funnel company assets to themselves.
The U.K. government should consider breaking up Royal Bank of Scotland Group Plc and hiving off its toxic assets into a “bad bank,” lawmakers said in a report that suggests the lender isn’t ready to return to private hands.