....The bank was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential
Regulation Authority (PRA) rules. ...
[Read full article on BBC
Friday 24th of March 2017 09:52:14 AM
....The company is also selling its 47% stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. Fallon’s pay increase came as the total pay of Mike Wells, chief executive of Prudential
, dropped 30% to £6. ...
[Read full article on Guardian
Friday 24th of March 2017 03:30:57 PM
Monday 27th of March 2017 09:26:41 AM