City Minister Lord Myners has been at it again.
The New York Observer interviewed two former Lehman Brothers executives, who gave their view on the recently published 2,200 page which revealed that the firm moved around $50bn from its balance sheet in the first two quarters of 2008.
Here's the latest from Cityboy.
Here's something amusing to make you smile.
Deutsche Bank published its first ever Group Remuneration Report Tuesday. The report has been published in order to provide transparency on employee compensation.
The Financial Times reports that Raphael Geys, a former London-based Managing Director over at Societe Generale who ran European fixed income sales, is suing the firm for $17.2m, claiming that he was fired in November 2007 as the bank deemed his employment contract overly generous.
The Financial Times reports that just weeks before Barclays seized the opportunity to buy Lehman's North American businesses on the cheap, the firm was busy casting an eye over UBS.
It was perhaps one of the most emotionally charged meetings ever attended by Wall Street's finest. Just a few days after JPMorgan Chase had made its initial offer to acquire Bear Stearns for $2-a-share, some 400 Bear Senior Managing Directors congregated at the firm's New York HQ building to be briefed on the takeover.
The Wall Street Journal reports that Lehman Brothers laid-off 14-year firm veteran Matthew Lee in June 2008, claiming he was just part of a right-sizing initiative.
Two years after Bear Stearns fell (or was pushed) into the arms of JPMorgan Chase, we thought it would be interesting to see what happened to the people mostly associated with the deal.