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Former bank boss under house arrest

2015-07-26 14:56:09| BBC News | Business | UK Edition

Ricardo Salgado, the former boss of the Portuguese bank Banco Espirito Santo, under house arrest after questioning over the bank's collapse.

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Amazon.com boss makes $7 billion in 45 minutes

2015-07-26 05:15:08| IT Services - Topix.net

Hundreds of employees of online store Amazon on zero hours contracts are subjected to a regime described as "horrendous" and "exhausting", it is claimed. On Thursday, Amazon, the online retail giant, announced that, contrary to analysts' predictions and after months of financial losses, it had turned a profit in the second quarter.

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Yahoo boss hails 'great progress'

2015-07-21 22:50:11| BBC News | Business | UK Edition

Yahoo chief executive Marissa Mayer says the company has made "great progress" despite reporting a loss for the second quarter.

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VIDEO: Toshiba boss: 'Apology from our hearts'

2015-07-21 13:42:54| BBC News | Business | UK Edition

Toshiba's chief executive and president Hisao Tanaka has resigned after the company said it had overstated its profits for the past six years.

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CBA boss Ian Narev says his worst moments were facing victims of financial advice scandal

2015-07-21 09:23:49| Automakers - Topix.net

The chief executive of the Commonwealth Bank of Australia, Ian Narev, has defended delays in compensating victims caught up the the bank's financial advice scandal while describing fronting them to hear their complaints as the worst moments of his career. The advice scandal at CBA involved low-risk financial advice clients being put into high-risk investments that lost money over almost a decade.

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