In a 'Transparency' report to shareholders, UBS has published a review of the events in connection with the losses incurred during the financial market crisis and the problems in relation to the cross-border US wealth management business.
Fees for global investment banking services, from M&A advisory to capital markets underwriting, totalled $57.7bn for the first nine months of 2010, a 9% increase over last year at this time.
The Financial Times reports that BNP Paribas plans to add over 200 staff to beef up its cash equities unit in the next 3 - 5 years.
Here's the latest from our highly-placed professional.
Well, we helped save Macquarie's Dave earlier this year, but can we help get sorry Solomon his job back too ?
Here's UK Chancellor George Osborne's speech to the Conservative Party Conference Monday.
Here's a little something sent in by one of our readers:
Forget all those rom-coms flogging the likes of Mr Big, or the impossibly up-himself Matthew McConaughey, not to mention the Dolce & Gabbana models bulging out of their boxers. Smart girls know that if you want solid gold, you need a man who’s less than perfect. And there is nothing that holds quite as much promise as an ugly man.
Dating in the financial markets is no task for the faint of heart. It takes a City Girl of steel to navigate the curve balls of investment bankers and their like. Indeed, decades after the feminist movement promised an idyllic world of fairness, it’s become increasingly apparent that when it comes to a financial markets romance, old habits die hard.
The Wall Street Journal reports that outgoing Bank of America CEO Ken Lewis has said that the Merrill Lynch integration is ahead of schedule, and that the company expects to achieve 45% of the planned cost savings by the end of this year, as opposed to the original target of 25%.