Results tagged “shares”

A Canary Wharf based trader is alleged to have sent an email that caused Greek bank share prices to drop dramatically.

The Citigroup employee named by Greek authorities as Paul Moss, 45 is due to be questioned by police for alledgedly sending a message last Wednesday saying the country could restructure its debt as soon as the weekend.

New EU rules came into force this month designed to limit the size of bankers' bonuses. Extra remuneration in Europe will be capped, with at least half paid in shares or contingent capital.

Also, in a bid to stop what is perceived as rewards for reckless short-term risk, up to 60 per cent of the bonus will be deferred for at least three years.

The Financial Services Authority is warning over 38,000 people they are the targets of share fraudsters.

The FSA has recovered a master list of 38,242 names and addresses, used by fraudsters who contact people out of the blue to offer them worthless shares.

Citigroup is pondering selling itself to a rival bank as senior executives look for ways of securing its future following a dramatic dive in value this week.

Chief Executive Vikram Pandit has called a conference call meeting for this afternoon to try and thrash out a solution to the bank's worsening financial position.