2011 - That Was The Year That Was (Q1)

The Titanic

Here's a quick look at what happened in the industry in Q1 2011.

March

Jefferies reports the best quarterly revenues in its history.

Ex-UBS New York-based investment banker Igor Poteroba received a 22 month jail term, after pleading guilty to insider trading charges in 2011.

Forbes says John Paulson is the world's most wealthy hedge fund manager, with a net worth of around $16bn.

Samarth Agrawal, the former trader at French Bank Societe Generale who was found guilty of stealing a proprietary trading code from the bank in November, is sentenced to 36 months in prison.

February

Royal Bank of Scotland say that 25% of staff at its investment bank bagged no bonus for their work in 2010.

Joseph Flom, former partner at Skadden, Arps, Slate, Meagher & Flom passed away. He was 87 years old.

Credit Suisse raises $6.2bn in new capital.

Goldman Sachs adopts the 'bonus brake'. The initiative, first suggested some months back by Ken Feinberg, President Obama's ex-pay Czar, means that in the event that the US government has to bail out Goldman again in the future, most of the firm's outstanding pay awards 'shall terminate immediately'.

Credit Suisse confirms that it cut its 2010 bonus pool by 25%.

Macquarie cuts its second-half earnings forecast, mostly on 'subdued' equity markets.

Euromoney names Credit Suisse best global private bank.

January

Goldman partners are said to have been given a pay rise, allegedly up to $1m-a-year.

Morgan Stanley appoints 232 new Managing Directors.

William Schreyer, who rose from trainee to Chairman and CEO during a 45-year career at Merrill Lynch and led the company's evolution from U.S. stockbroker to diversified global investment bank died. He was 83.

Royal Bank of Scotland is told by UK Prime Minister David Cameron that it shouldn't be paying top dollar bonuses.

2011 - That Was The Year That Was (Q2)

2011 - That Was The Year That Was (Q3)

2011 - That Was The Year That Was (Q4)

 

 

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts