‘I’m staying’: Deutsche Bank’s Yorkshire-born boss John Cryan
Deutsche Bank’s Yorkshire-born boss John Cryan, who insists he’s ‘not going anywhere’ as the troubled bank’s shares continue to slide, has appointed his chief financial officer, Marcus Schenck, as his deputy.
Schenck is an ex-Goldman Sachs partner with a PhD in Economics. Aged 50, he’s six years younger than Cryan, considerably slimmer and maintains a marginally better head of hair.
Not unhelpfully, he’s also German. Cryan must be mightily assured of his own position is all I can say.
For the first time in memory, John Lewis will not be inviting the press to tomorrow’s unveiling of staff bonuses.
Perhaps because they’re expected to be the lowest issued in 60 years. But they will be putting up fragrant new boss Paula Nickolds, 43, for interview for the first time, which should provide a neat distraction.
Goldman Sachs is enjoying a bonanza week. The bank is advising on Aberdeen Asset Management’s £11billion merger with Standard Life.
It will also have a role in Deutsche Bank’s plans to raise £6.9million from investors as well as the possible sale of challenger bank Shawbrook.
Goldman’s potential fees from all three deals is estimated somewhere short of £270million. And it’s not even Thursday!
New deputy governor of the Bank of England Charlotte Hogg’s sloppy failure to declare her brother’s job with Barclays does not amount to a ‘hanging offence’ says the BoE’s deputy chairman of the court, Bradley Fried.
An unfortunate choice of words. Dainty Charlotte’s grandfather, former Conservative Lord Chancellor Quintin Hogg, was rather pro the hangman, if memory serves.
A Rolls-Royce Ghost, created for a private collector, is on display at this week’s Geneva motor show which has been covered with real diamonds.
A thousand ‘ethically-sourced’ stones were crushed into a paint, applied to the car by Rolls-Royce’s master craftsmen, and finished with a squirrel-haired paintbrush. Who would commission such a monument to high taste?
I note Rolls-Royce aficionado Lord Sugar has been even more bumptious than usual recently…