When RBS executive John Hourican left the bank last month with the dramatic 'they shouldn’t waste my death', fellow investment banking chief Rich Ricci felt his pain.
The Daily Telegraph reports that Barclays’ top investment banker emailed his under-fire RBS counterpart to say that, even though the pair had met only once, Ricci thought Hourican looked like a man who could use a drink.
Hourican agreed. The pair chose the Arts Club on London’s Dover Street to drown their sorrows.
In the meantime, Reuters reports that Deutsche Bank co-Chief Executive Anshu Jain requested a pay cut of almost $2.58m to draw level with the 2012 compensation package of fellow top executive Juergen Fitschen, a German newspaper reported.
Jain, who until June last year was head of investment banking at Deutsche, asked the supervisory board at the beginning of this year not to be paid parts of his bonus for 2012, Sunday paper Welt am Sonntag cited sources close to the board as saying.