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Bonus clawback plans could damage London

London Canary Wharf

The Bank of England’s plans to impose seven-year clawbacks on bonuses and threaten bankers with jail could damage the City of London’s competitiveness and impose direct costs of more than £260m ($439.3m) on the country’s banks, the industry has warned.

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For Hire

People News: Goldman, Morgan Stanley, RBS.

Barrick Gold has appointed former Goldman Sachs Vice Chairman J. Michael Evans as a director, joining his former colleague John Thornton on the board of the world’s largest miner of the precious metal.

Barclays Canary Wharf

New Barclays might finally be taking shape

Barclays is on track or ahead of schedule on all six elements of its turnaround plan, said its chief executive, Antony Jenkins, on Wednesday. Since this plan is only two months old, and in any case represents plan B, this is not quite the triumph it might sound.

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