A great panorama of London – zoom in and out using the buttons at the base of the page.
In July 2012 the Code Committee started three consultations on possible changes to the Takeover Code, as we reported here.
The Takeovers Joint Working Party of the City of London Law Society Company Law Sub-Committee and the Law Society of England and Wales’ Standing Committee on Company Law have published their responses to these consultations:
1. Profit forecasts, quantified financial benefits statements, material changes in information and other changes to the Code, PCP2012/1 – response here.
2. Pension scheme trustee issues, PCP 2012/2 – response here.
3. Companies subject to the Takeover Code, PCP 2012/3 – response here.
“…if you’re earning £1m a year, after tax that’s £500,000; after the amount that’s in stock that you can’t access for three years, that’s £300,000; and you’ve got to educate three kids privately. Bankers aren’t wealthy any more”
Alex Preston in the New Statesman on the rise and fall of investment banking, tracing the history of IBs from the Louisiana Purchase in 1803, through the rise of Barings and Rothchild, JP Morgan and Goldman Sachs in the nineteenth century, 1929 and Glass-Steagall, the de-regulation of the 1980s and 1990s, the debt boom and the financial crisis, to the new challenges to investment banks – regulation, disintermediation, shadow banking and overwhelming public antipathy.