The New York Times reports that time is running out for Citi CEO Vikram Pandit, as the company posted a $7.6bn loss in the fourth-quarter. Citi made a 2009 full-year loss of some $1.6bn.
President Obama continued his campaign to destroy Wall Street Thursday, issuing a statement which confirmed he will be moving forward to limit the size of banks and the scale of the risks they undertake.
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With some of the biggest bank's in the world donating just $1m for the Haiti relief effort (yet paying bilions out in staff bonuses), Jefferies & Co has shown what can be done when you put your mind to it.
It's been a tough time for City IT professionals over the last couple of years, with several thousand being laid-off. The financial crisis and subsequent economic downturn has resulted in a number of firms putting a hold on major IT projects, and the demand for IT staff has fallen away. But all that looks likely to change in 2010.
A world that’s more riot than profession, the trading floors of Chicago are a place where gambling your family’s mortgage is all in a day’s work.
As the credit crunch enters its second full year, we thought we'd give direct hiring firms (or their onsite recruiters) the opportunity to cost-effectively get their brand out in front of the over 200,000 financial markets professionals who make up our readership.
Here's the Thomson Reuters 2009 European M&A League Table.
Bloomberg reports that Dirk von Poschinger-Camphausen, a 36-year-old director of private equity firm EQT Partners, has been found dead by Munich police in the back of a delivery van. Munich police spokesperson Markus Dengler said: 'There's no doubt that he was murdered'.
The Independent On Sunday reports that a small number of staff at JPMorgan Cazenove were advised last week that they were 'at risk' of being laid off.