Cut, cut, cut.
It's tough at the top.
It's about time Royal Bank of Scotland CEO Stephen Hester is treated like the competent professional he is, rather than a money-grabbing pariah.
US regulator The Securities and Exchange Commission has charged two multi-billion dollar hedge fund advisory firms as well as seven fund managers and analysts involved in a $78m insider trading scheme based on nonpublic information about Dell’s quarterly earnings and other similar inside information about Nvidia Corporation.
Here's a few links to some interesting Bloomberg and New York Times, Reuters stories currently doing the rounds.
It would be unfair to say that GLG's investment performance went soft the minute the hedge fund manager sold itself to Man Group for $1.6bn (£1bn) in October 2010.
Well done Fidelity Worldwide, which today broke new ground for a mainstream fund management house.
It's $12.2bn, down 21% on 2010, but that's not the full story.
US divisions of Deutsche Bank and Santander will likely fail the Fed's stress test over faults in predicting risk and losses, The Journal reported.
Demand is slowing. Recession is coming. Central bankers won’t be able to prevent it. Currency wars will intensify. Share prices will be devastated – it will be a downturn that will be remembered in 100 years.