ERIC DANIELS
American banker and former group chief executive of Lloyds Banking Group Plc, one of the biggest banks in the United Kingdom. During his tenure in the institution, Daniels streamed the firm by selling its New Zealand and Brazil operations to improve earnings. Together with former Chairman Sir Victor Blank, he also led the acquisition of HBOS in 2008, initially generating multi-billion dollar losses for the company. After the 2008 global financial crisis, he was one of the few leaders of a British financial firm to retain his job. He waived his huge bonuses in 2008 and 2009 under social and political tension.
POPULAR TERMS
Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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