Britain’s four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More cuts may follow.
Charles Manby, a senior partner at Goldman Sachs Group Inc., will lead a 100 million-pound ($152 million) fundraising campaign for the Francis Crick Institute, which will be Europe’s largest biomedical research center.
Michael Geoghegan , the outgoing chief executive officer of HSBC Holdings Plc , may receive a severance package of 23 million pounds ($36 million) in salary, bonuses and shares, the Sunday Times reported, without saying how it obtained the information.
HSBC Holdings Plc Finance Director Douglas Flint is a likely candidate to replace Stephen Green as the bank’s chairman, the Financial Times reported, citing three unidentified people close to the lender’s board.