France’s pension reform cannot go ahead as planned – Macron
French President Emmanuel Macron’s planned reform of the pension system cannot go ahead as planned in the wake of the pandemic crisis. Retreating on one of the signature reforms he promised to push through when he came to office. Macron said to the reporters that he does not think that the reform as it was originally […]
Former Aviva CFO Stoddard joins BofA as investment banking vice chair
Former Aviva Plc Chief Financial Officer Tom Stoddard joined Bank of America Corp as vice chairman of investment banking, according to an internal memo, returning to his advisory roots after a stint in the insurance industry. Stoddard advised on such situations such as American International Group Inc’s $182 billion bailout. And also, in restructuring during […]
Son-Chan invites veteran stock picker to SoftBank board
The nomination of Koei Tecmo chair Keiko Erikawa to SoftBank Group’s board adds a veteran games industry executive known for her stock-picking skill. This brings an authoritative voice after the loss of senior industry figures. Erikawa, 72, along with CEO husband Yoichi forms the executive team behind the “Romance of the Three Kingdoms” series. They […]
Bank of England aims for greener corporate bond portfolio
The Bank of England set out plans to make its 20 billion pounds ($28.4 billion) of holdings of sterling corporate bonds better aligned with government goals to achieve net zero carbon emissions. However, the central bank will not embark on an immediate sell-off of bonds issued by businesses that have high carbon emissions, such as […]