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Retirement top-up deals promise £1m a year to Britain's leading executives despite the downturn as the gap between bosses and workers widensBosses of Britain's biggest companies enjoyed huge increases in the value of their pension pots last year, despite the onset of recession and the downfall of major banks such as Northern Rock, Royal Bank of Scotland and HBOS.The figures will fuel the controversy over the size of directors' pensions and raise concerns about the yawning gap between bosses and the shopfloor.Sixteen company chiefs saw the value of their pensions jump by more than £1m in 2008. When they eventually retire, their final pension payouts could put even Sir Fred Goodwin in the shade.Two directors have already amassed pension funds which will pay them more than £1m a year on retirement. Jeroen van der Veer, chief executive of oil giant Royal Dutch Shell, has accrued a nest egg worth almost £1.2m; Todd Stitzer, boss of the Cadbury confectionery group, co

ICICI Bank announced a series of appointments on Saturday, something that was expected after the recent string of top level resignations.

Following weeks of speculation, Indias largest private sector lender, ICICI Bank, today unveiled its new management team drawing upon its own talent pool.

ICICI Bank, the countrys second largest bank, today said that its consolidated net profit rose 17.66 per cent to Rs 748.44 crore during the quarter-ended March 2009 as its expenses fell more than the decrease in income.

The world is running out of capital. We cannot take it for granted that the global bond markets will prove deep enough to fund the 6 trillion or so needed for the Obama fiscal package USEuropean bank bailouts and ballooning deficits almost everywhere.

Washington - The world's finance ministers and central bank heads voiced a collective hope Saturday that the worst of a devastating global recession might be over, but were apparently divided over how much longer governments should run huge budget de...

More than 100 protesters upset with the way world leaders have handled the economic crisis clashed with police Saturday outside the International Monetary Fund and World Bank meetings.

Finance ministers at IMF-World Bank meetings are seeing signs the economy is stabilizing.

More than 100 protesters upset with the way world leaders have handled the economic crisis clashed with police Saturday outside the International Monetary Fund and World Bank meetings.

Regional bank chairman Bob Wilmers points fingers at those feeding at the government trough.