Page 2166 


'Betrayed' & 'Unfairly Persecuted' - I Quit

American Eagle

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.

An Open Letter From An RBS Staffer

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.

Bear Stearns - Gone & Soon Forgotten

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.

Outrage As 696 Top Firm Bankers Bag $1m + Bonuses

Investment Banker Bonus Protest

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.