Blogs & Commentary
MICHAEL SHERWOOD, CO-CEO of Goldman Sachs International, is talked about as a leading candidate to succeed Lloyd Blankfein as group CEO. But if he doesn’t pull that off, he could easily consider a career in politics. Sherwood pulls no punches in a short film on the bank’s website in which he outlines in less than three minutes why the UK should stay in the European Union.
Indonesian coal-miner Bumi Resources has begun a consent-solicitation exercise on its US$300m 12% bonds due 2016 in a move that will decide the fate of a US$1.3bn debt-to-equity swap with its largest creditor, China Investment Corp.