International Finance

Tag : Banker Richard Pym

Banking

IMF tells France to Speed up Reforms and Contain Public Spending

In its report on France, the fund has trimmed its forecast to see the economy contract by 0.2 percent this year from a previous – 0.1 percent.  June 07,2013: The International Monetary Fund (IMF) has advised France to focus on removing obstacles to growth, liberalize its economy and lower labor costs to get back to growth...
Banking

Crisis hit Co-op Bank hires ‘Turnaround Specialist’ Richard Pennycook and Banker Richard Pym to Beef up Banking and Retail Sectors

The Co-operative group has beefed up its management by recruiting the former finance director of Morrison’s and the chairman of Britain’s Nationalized Banks. June 06, 2013: The Co-operative Group has made senior personnel changes in an attempt to stabilize its troubled bank following a credit downgrade and deep concerns on its capital levels. Richard Pennycook, widely...