Pay can sometimes seem to reward failure

Stephen Hester

Hester is in line for £8.5m payout despite not turning round RSA

Editor’s choice

Steady ahead: Mario Draghi said the market had to get used to 'such periods of high volatility' ©AP
European Central Bank’s bond buying is crowding out pension funds in this debt market
Children with stuffed animal attend on November 5, 2013 the Teddy Bear Hospital event at the AMC hospital in Amsterdam. Aside from helping poorly stuffed toys, the Teddy Bear Hospital aims to tell children about being and staying healthy. AFP PHOTO / ANP / ROBIN VAN LONKHUIJSEN - netherlands out - (Photo credit should read ROBIN VAN LONKHUIJSEN/AFP/Getty Images) ©AFP
Concerns over high fees and lacklustre performance intensifies

Make up your mind on banking regulation

Nothing matters more to a bank than how much capital they must have, writes Simon Samuels

Dan Loeb, founder and chief executive officer of Third Point LLC, attends the Lincoln Center Fall Gala at Lincoln Center for the Performing Arts in New York, U.S., on Monday, Oct. 21, 2013. The event raised $3.2 million. Photographer: Amanda Gordon/Bloomberg *** Local Caption *** Dan Loeb

Loeb ruling raises hurdles for activists

Third Point settles charges that funds violated antitrust rules

Big banks hit by $260bn litigation bills

Survey shows fallout from 2007-08 is weighing on institutions


Why New York has top share of asset pie

Tough post-crisis regulation encouraged fund managers to bulk up

Stock market monitor

Investing: The index factor

FT series: Indices have become one of the most potent forces in markets

Lear jet on tarmac

Scandinavians claim the moral high ground

Flights of fancy are brought to earth quickly while UK and US executives cling grimly to their jobs

FCA gets injunction against fund manager

UK finance watchdog hands out £7.6m in penalties for market abuse

ICG dismisses shadow-bank label

CEO defends private equity’s credit risk record against banks’

Genetics researcher genetic analysis ID 34727488 © Luchschen |

Hints of a hot and frothy biotech bubble

Asset managers are wary of a sudden correction after rapid rises


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