Fitch Cuts U.K. Outlook
Fitch Ratings has downgraded the outlook for Britain after saying that the nation could lose its AAA rating because of a limited ability to deal with financial shocks.
'Harry Potter' Star Supports Higher Taxes for Wealthy
Move over, Wizard of Omaha. You’ve got company–the Wizard of Little Whinging. Actor Daniel Radcliffe, best known for his portrayal of wizard Harry Potter, has come out in favor of taxing the wealthy, himself included.
Under Pressure, RBS CEO Waives Bonus
The CEO of Royal Bank of Scotland Group has decided to waive his bonus of 963,000 pounds ($1.5 million), but it wasn’t an entirely altruistic gesture. He reached that decision after the Labour Party said it would ask Parliament to vote on the matter.
London’s ‘Bloated’ Banks Shrinking
Banks in London are shedding staff, closing or cutting divisions and seeing pay fall as criticism by politicians, tighter regulations and falling profits take their toll on the financial services sector.
Maybe now we'll find Jimmy Hoffa
Call it the return of big labor. I read with interest a post by John Kay in the Financial Times about how labour's (Brit spelling)...