From a corner conference room overlooking the Thames, Michael Sherwood, a vice chairman of Goldman Sachs Group Inc., has the guts to voice publicly what many in London’s centuries-old financial district are increasingly worried about behind closed doors: that threats to Britain’s membership in the European Union are threats to British business.
It looked like the start to another fine year for one of Mexico’s most powerful bankers. Citigroup Inc. Co-President Manuel Medina-Mora held court last month at a Mexico City breakfast where colleagues talked shop over mango, melon and banana. He sat at the right arm of the nation’s president at another February meeting when Enrique Pena Nieto toasted the bank’s drive, charity and influence.
Lloyds Banking Group Plc Chairman Win Bischoff will retire after more than three years in the job, saying the British bank’s rebound from its 2008 government rescue has progressed enough for him to move on.
Lloyds Banking Group Plc may replace Chief Executive Officer Antonio Horta-Osorio with Chairman Win Bischoff or independent director Glen Moreno, the Sunday Telegraph said, without saying where it got the information.
Lloyds Banking Group Plc Chairman Win Bischoff isn’t planning to step down before the U.K. begins to sell its 41 percent stake back to the public and said he will still be at the bank “in one or two years,” the Financial Times reported, citing an interview.
Lloyds Banking Group Plc’s plan to sell branches to Co-Operative Bank Plc was “political” and the process was conducted in “bad faith,” according to Peter Levene, whose NBNK Investments Plc lost out in the bidding.