Derivatives traders don’t have special talents that justify the bonuses that pay them as much as sporting stars, U.K. Treasury Minister Paul Myners said.
Former U.K. Treasury Minister Paul Myners said his failure in 2008 to curb the pension of former Royal Bank of Scotland Group Plc Chief Executive Officer Fred Goodwin was “not my finest hour.”
OAO MegaFon said it will appoint Paul Myners, a former U.K. Treasury minister, as an independent director, bolstering its board before a planned initial public offering in London this month.
Co-Operative Group Ltd. named former British Treasury Minister Paul Myners to lead the board’s governance review two months after the 150 year-old mutual ceded control of its banking unit amid a capital shortfall.
Treasury minister Paul Myners rejected splitting the retail and investment banking operations of the biggest U.K. banks, saying large institutions are needed to compete internationally.
Co-Operative Group Ltd. members voted to overhaul the British retailer’s corporate governance structure following the worst crisis in the 150-year history of the customer-owned company.
Paul Flowers, the former chairman of Co-Operative Bank Plc, was fined 525 pounds ($890) after pleading guilty to possession of cocaine, crystal meth and ketamine.
Paul Myners , a former U.K. Treasury minister, called for reform of the audit market, to end the domination of the “Big Four” firms, the London-based Times reported.
Paul Myners, a former Treasury minister who oversaw the bailout of U.K. banks, called on the nation’s securities regulator to publish a report on the collapse of HBOS Plc, the Sunday Times reported.
"Unless the Group takes urgent steps to reform its governance and generate sustainable economic value, it will run out of capital to support its business."
- Paul Myners on May 07, 2014