More threats to your job.
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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.
Pressure is mounting on Alliance Trust, one of the UK’s oldest investment companies, after an influential shareholder advisory body backed rebel investors pushing for change at the FTSE 250 business.
A U.S. appeals court on Wednesday declined to hold Royal Bank of Scotland liable for allegedly defrauding investors in its American depositary shares by downplaying its subprime asset exposure prior to the global financial crisis.
The German activist who charged at ECB President Mario Draghi at a press conference, tossing confetti over him and shouting “End ECB Dick-tatorship”, has said she was shocked at how easy it had been to carry out her stunt.