Goldman Sachs held the ground-breaking ceremony for its new $2.4bn New York HQ building Tuesday. Firm boss Henry Paulson said that 'we affirm our commitment to lower Manhattan and the City of New York, the financial capital of the world'. Goldman has had a presence in the City since 1869.
A 39 year-old ING investment banker based in Montgomery County, Maryland, is said to face charges that he led a secret life and had two wives. Deputy Montgomery County district attorney Risa Ferman said that 'in this day in age, we don't think of bigamy as a crime one would commit (more a punishment ? - Ed). I can't understand why someone would want to have two spouses'. Bigamy is classed as a second degree misdemeanor in the US.
Nomura International looks set to go on a bit of a hiring spree in investment banking in Europe. Nomura's European investment banking team is said to employ 45 staff, including a 25-strong M&A unit. Christian Thun-Hohenstein, the division's co-head, is quoted by Thomson Merger News, saying that 'we're looking to significantly increase the number of professionals over the next two or three years....We are very sector driven. Our sectors are industrials/automotives, healthcare, financial institutions and telecoms.....We could also look at energy and utilities in due course, along with consumer and food'.
Finally, Refco LLC, the unit recently acquired by Man Group Plc, has sued 8 traders and Brewer Securities, the firm that has hired them, claiming that they poached customers. Steven Brewer, Brewer Futures Group's CEO, has said that the traders were merely acting to protect their own livelihoods, and in the best interests of clients.