Employee Claims He Received Death Threats

The Times reports that a UK judge is to review telephone records, after a broker in the Tullett Prebon / BGC Partners poaching case claimed that he received death threats the night before he was due to testify in the High Court in London.

Tullett claims that BGC set aside some $65m to poach brokers from the firm, and Tom Stevenson is said to have been one of them. Stevenson's testimony has now been delayed, while an investigation is undertaken into his death threat claim.

The New York Post reports that the wife of Jeffry Picower, a one-time friend of Bernie Madoff who died of a heart attack not long after the couple were targeted by Madoff trustee Irving Picard, has said that Picower was 'overreaching' when he made his $7.2bn claim for the return of fictitious profits. Barbara Picower has previously said that she hopes the matter will be settled in a 'fair and generous' manner.

And Swiss weekly newspaper Sonntag CH says that UBS CEO Oswald Grubel threatened during a speech at the Zurich Business Club last week that his bank would move its corporate HQ from Switzerland in the event that the authorities imposed too draconian regulations in the wake of the global financial crisis.

Activist investor Jerry Finger, whose family own 1 million shares in Bank of America, has told Bloomberg TV that BofA CEO Ken Lewis shouldn't delay his planned retirement passed 31st December, and that the board should focus of hiring an external candidate.

The Wall Street Journal reports that Cowen & Co, under new CEO Peter Cohen (whose hedge fund Ramius now owns the firm), is on the hunt for bankers and analysts, and is interested in buying businesses. The newspaper also reports that Daiwa Securities is to spend $1.15bn to expand its Asia operations (excluding Japan), and will hire 470 people in the next 2/3 years.

Bloomberg reports that AIG has settled its long-time dispute with former CEO Hank Greenberg, and may reimburse its former chief up to $150m in fees.

Finally, the news agency reports the death of Fred Joseph, the former CEO over at Drexel Burnham Lambert. Joseph, 72, had been suffering with multiple myeloma, and was CEO of the firm between 1985 and its demise in 1990. He was voted as the 7th worst CEO in history in a recent CNBC poll.

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