City finance commissioner moves to Metropolitan Council on Jewish Poverty
15, Barclays said. Lucas, who had initially planned to retire in February, cited his health as a key factor behind his decision. I want to do the right thing by Barclays, my family, and myself, and therefore I have reached the difficult decision to step down sooner, Lucas said in the statement. I feel confident that I leave Barclays financially robust and well placed to continue to serve its customers, clients, shareholders and other stakeholders. Lucas was among four past and present employees to be probed by regulators over whether Barclays adequately disclosed fees paid to the Qatar Investment Authority as part of a 7 billion-pound fundraising during the financial crisis, a move that helped the lender avoid taking government money. Barclays said last month that its contesting the probes findings.
Related Stories Readers sound off on July 4th fireworks, MTA steel and Michael Jackson The city finance commissioner is leaving his post to take over the scandal-scarred Metropolitan Council on Jewish Poverty. At the end of September, David Frankel is slated to replace William Rapfogel, 58, who last week was fired from the nonprofit organization he headed for 21 years amid allegations of financial shenanigans. The Met Council did not immediately reveal what Frankels salary would be. Rapfogel, who made $417,000 a year, was canned after the Mets board found financial irregularities under his tenure.
Marissa Mayer, Please Don’t Screw Up Yahoo! Finance
AAP/Lukas Coch Finance Minister Penny Wong has pointedly refused to endorse Kevin Rudds declaration that he would like to see company tax drop by one third in the Northern Territory. Asked repeatedly on Sky about the PMs personal objective of having the rate about a third lower, Wong said Im not going to be drawn on that. She said the government had said it wanted a tax benefit for the NT and Rudd had indicated his preference for a cut by a third. There would be a five-year-process to consider the issue. Im not going to pre-empt those discussions.
Polish PM plans to replace Finance Minister Rostowski within months: sources
They said the move was aimed at rebuilding public confidence in the ruling Civic Platform party and prepare it for a series of elections – regional polls in 2014 and parliamentary elections in 2015. “The plan is to replace him (Rostowski) with someone as part of a bigger cabinet reshuffle that will also see ministers like (Joanna) Mucha and (Marcin) Korolec go,” said a senior source in the government. Mucha is Poland’s sports minister, while Korolec leads the environment ministry. “This will probably happen in a few months’ time, so in the meantime (Rostowski) can finish the ongoing budget revision for 2013 and deal with the next year’s budget bill,” the source in the government also said.
Finance minister leaves Rudd on a limb over NT tax cut
The New York Post reports that Mayer’s next big tackle is the popular finance site, which will be retooled and enhanced for mobile. I wholeheartedly agree that the Yahoo! Finance app needs a major overhaul, and I’m glad if Mayer is going to tackle this as her next job. However, the desktop site is pretty good as it is.