It’s never too late until it’s too late, as they say in Italy. But it may already be too late for shareholders in Merrill Lynch and Bank of America.
More than half of professionals working in the UK's financial services industry would accept a substantial pay cut to secure a job, according to a new survey by an online recruitment site, as bankers and fund managers come to terms with increased competition and a lack of opportunities in the job market.
New Star Asset Management has revealed that its joint-chief investment officer Stephen Whittaker is leaving the group, as the London-based funds house moves to turn around a period of troubled performance.