By Gary Mulgrew
Do you want a bigger house, but can’t afford to move ?
Completed Distressed Debt and Bankruptcy Restructuring activity totalled US$179.3bn during 2011, a 43.7% decline from last year. In terms of volume, the number of completed deals decreased by 24.9% to 416 transactions.
This is one amazing story.
Isn't it strange how there are so many differing estimates of the number of job losses likely at Royal Bank of Scotland's GBM unit, and that, as time goes on, the estimates get progressively smaller ?
By guest columnist Marisa R. Santoro
Here's the latest from our Highly Placed Professional
The U.S. Commodity Futures Trading Commission (CFTC) has announced that it entered an order requiring Newedge USA, LLC (Newedge) to pay a $700,000 civil monetary penalty for submitting inaccurate large trader reports to the CFTC and for violating a February 7, 2011, CFTC order directing Newedge to improve the accuracy and timeliness of its large trader reporting.
First job losses, then bonus cuts. And base salary rises ? For most, just asking could be a career killer!
And Thursday is supposed to be 'D-Day'.
High street banks are being urged to show restraint on pay as they prepare to declare the size of their bonus pots for 2014, at a time when the sector faces fresh scrutiny over its conduct.
The partially built Pinnacle building could be revived to become the tallest tower in the City of London – although the building will lose its elegant twisting design at the top, which earned it the nickname “the Helter Skelter”.
A U.S. probe into how Morgan Stanley client information ended up for sale on the Internet is examining whether a financial adviser was targeted by hackers after he took data from the bank, two people briefed on the inquiry said.