Barclays PLC (ADR) (BCS) has hired the head of Aviva plc (ADR) (AV) and FirstGroup, John McFarlane, in an effort to rebuild relationships with its investors. McFarlane will replace Sir David Walker, who has been Barclays’ chairman since 2012, and will join the bank’s board in January.
Stock markets in Europe and futures in the US increased. Current CEO of insurer Aviva John McFarlane to be the new chairman of FirstGroup. Chevron’s largest project in China might face further delays amid new disagreements with its partner PetroChina. The Supreme Court demanded a probe versus PcW.
SunTrust Banks may have taken federal bailout money, but it will not be shamed into cutting its CEO's pay as a result. Recent federal securities filings show that its chief executive, James M. Wells III, got a hefty pay hike last year.