Dealbreaker has an e-mail sent this week by a member of Bank of America's management team on the subject of analysts and associates, and how they are expected to operate.
Bloomberg reports that Nomura has cut around 50 jobs in its investment banking unit in Asia (excluding Japan), or around 2% of the total headcount in the region.
And we were told that the mob of G20 protesters who came in peace to the City a couple of weeks back were a fairly intelligent lot!
Here's the text of a speech delivered by UBS CEO Oswald Gruebel at today's Annual General Meeting:
Bloomberg reports that Lehman Brothers Holdings is 'sitting on enough uranium cake to make a nuclear bomb'.
As Goldman Sachs completed its $5bn stock offering Tuesday (in order to help with the early repayment of TARP funding from the US government), analysts were reviewing the firm's impressive first-quarter earnings ($1.8bn in profits in the period), and some are suggesting that all might not be what it seems.
goldmansachs666.com was 'born on March 26th, 2009....This website is an open forum for facts and discussion about what part Goldman Sachs and their executives played in the Global Economic Crisis'.
Dealbreaker.com has an interesting e-mail allegedly sent Friday by a senior banker to non-MD staff over at Thomas Weisel.
The Wall Street Journal reports that UBS is said to be planning to lay-off low-producing financial advisors in the US. The newspaper says that UBS Wealth Management US head Marten Hoekstra told staff of the planned lay-offs in a conference call last week.
Goldman Sachs staggered the market Monday by posting a $1.7bn first-quarter profit - over twice what analysts expected.