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Investment banks may see big revenue drop

Global investment banks may see revenue drop 19% in the third quarter, lowering earnings per shares across the industry, as a surge in volatility caused by turmoil in China recedes, according to analysts at JPMorgan.

HSBC HQ London 3

People News: Goldman Sachs, HSBC, UBS.

Dennis Lafferty, one of Goldman Sachs’s top distressed-debt traders, is in talks to join HSBC to run a new loans and special situations unit in New York, according to two people with knowledge of the matter.

Deutsche Bank - Foyer Bridge

People News: Deutsche Bank, UBS

Zar Amrolia, who helped build up Deutsche Bank’s fixed-income and currencies business, is leaving the bank after ten years to help run a British electronic market-making business.

Marissa Mayer

Yahoo CEO Marissa Mayer's minimal maternity leave plan prompts dismay

Yahoo’s chief executive, Marissa Mayer, has been criticized after announcing she is taking as little as two weeks of maternity leave and will be “working throughout” when she gives birth to identical twins later this year – with some upset that her break will be so brief, and others that she even has to talk about it at all.

Hedge Fund

People News: C Suisse

Mining analyst Justin Froneman said he left Credit Suisse’s equity research unit in South Africa just over a year after joining the financial-services group.

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