More threats to your job.
Good news for young bucks.
Global Investment Banking Fees Total US$33.6 billion, down 24% from first half 2011; Slowest quarter for IB Fees since 1Q'09
Bob Diamond's departure from the chief executive's chair at Barclays leaves a vacancy that many analysts believe will be hard to fill. Without any obvious succession planning, the bank's board is being forced to cast its net wide and consider candidates from all corners of the industry. That said, there are several candidates who have emerged on the leaderboard.
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And it probably cost him his job.
Barclays CEO Bob Diamond resigned Tuesday, but sent a note to staff on Monday urging them to fight the good fight. It all sounds a bit hollow now though, given that he won't be there to lead the troops.
Andrew Feldstein, who bet against JPMorgan Chase before helping the bank unwind more than $20bn of trades, has emerged as one of the biggest winners among hedge-fund managers profiting from a flawed strategy.
Here's what the smart folk are saying about Barclays CEO Bob Diamond's resignation.
Nomura was dropped as a lead underwriter for state-owned Development Bank of Japan Inc.’s bond sale this month because of its involvement in leaking insider information.
Deutsche Bank’s Evgeny Monakhov is overseeing Russian equities while Tim Wiswell, who runs the unit, is on temporary leave, according to two people with knowledge of the matter.
Cyberattacks and cybercrime against large companies rose 40 percent globally in 2014, according to Symantec's annual Internet Security Threat study published Tuesday.
Blackstone Group's planned $2 billion purchase of GE's Excel Trust shows the firm's reliance on real estate investments.