'I was in Jersey City in a Hudson street building near to the Goldman Sachs tower at a business conference.
The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G. It was also published as an Op-Ed in The New York Times.
The announcement this week within the walls of Royal Bank of Scotland (RBS) offices up and down the country has left a bitter taste in the mouths of those staff who feel that they have been falsely accused, publicly tried and now penalised without the chance to defend themselves.
It's one year ago since Bear Stearns was forced into the arms of JPMorgan Chase. A year which has seen transformational changes in the global financial markets industry. A former Bear Stearns staffer now reflects on the last 12 months.
'My Sincere Apologies To Everyone,
Nouriel Roubini is a professor at the Stern Business School at NYU. He is also a weekly columnist for Forbes magazine. A recent article by Roubini elicited a rare official response from Goldman Sachs.
The following should be sung to the tune of The Beatles' 'Let It Be'.
The Merrill Lynch 'BonusGate' saga just won't go away. New York State Attorney General Andrew Cuomo has written to Barney Franks, the Chairman of the US House Financial Services Committee, accusing the firm of 'corporate irresponsibility' in paying $3.6bn in bonuses in the light of the large losses it sustained in 2008. Cuomo's letter revealed that almost 700 Merrill staff bagged a bonus of over a $1m for their work last year.
Here's a funny for a Friday.
Spare a thought for the banker who thought it would be a good idea to mingle anonymously with the crowd of G20 protesters in London earlier this year.