Former Deutsche Bank analyst Mike Mayo opened his account with new employer CLSA Monday, assigning an 'underweight' rating to a number of US banks, and predicting loan losses that will exceed the levels seen during the Great Depression.
ABC News has reported the sobering tale of 49-year-old Ken Karpman, a UCLA graduate who, until 2005, was earning $750,000-a-year as an institutional equity salesperson, and had enjoyed at least a six-figure income for most of his professional life.
The Daily Telegraph reports that Royal Bank of Scotland CEO Stephen Hester told shareholders Friday that it could take up to 5 years to get the bank back on track. 'I wish it would be quicker,' he said, 'But I'm sorry to tell you that it won't be'.
Here are a couple of Thomson Reuters' Q1 Global Debt, Equity & Equity-Linked League Tables.
Here's a note of which firm came top of Thomson Reuters' Q1 M&A league tables around the world.
Here's Thomson Reuters' Q1 Worldwide M&A league table.
Here's mergermarket's first-quarter 2009 global M&A Legal Advisers League Table.
The Wall Street Journal reports that, according to US government disclosure material, White House economic adviser Larry Summers received $5.2m over the last 12 months for his new business and investment evaluation role over at hedge fund D.E Shaw.
We gave you the chance to show us just how witty you are, and you didn't disappoint.
After a couple of days break in London having a pop at the G20, bankers, capitalism and the like, the angry mob moves to New York Friday, demonstrating against the wars in Iraq and Afghanistan, and picking on Wall Street's finest.