Here's a note of our most popular Life stories in November
The Wall Street Journal reports that 'industry insiders' are now expecting Goldman Sachs to post a fourth-quarter loss of as much as $2bn. And analysts are now saying that the firm is likely to take writedowns on real-estate and leveraged loan assets, as well as its stake in the Commercial Bank of China, which fell around 28% during Goldman's fiscal-fourth quarter.
Reuters reports that Credit Suisse is to axe another 650 jobs in its investment banking unit across the UK. Prop traders and support staff are thought likely to be among the casualties.
Citigroup staff are just beginning to realise how tough things are likely to become post government bailout. Long-time US staff were advised Monday that the firm is to eliminate its enhanced severance package for employees with 10 or more years service.
The Daily Mail reports that a pregnant Morgan Stanley director was mugged by a ruthless hoodie close to her $2.3m home in Hampstead, London.
Staff were nominated in their droves in 10 categories for the 2009 Badenoch & Clark Rising Stars Awards. And here are the winners of the 10 categories:
Not long ago Dubai was one of the few places on the planet where investment banks were gearing up. Not anymore.
Almost 200 people lost their lives in Mumbai last week, as around a dozen terrorists engaged in gun and grenade attacks at busy locations close together around the City. Here's a post we received this morning from an expat banker based in India:
The Somali pirates.
Under fire Citigroup executive Robert Rubin has been interviewed by The Wall Street Journal, and given us some interesting insights into the way he views his own culpability for the firm's current malaise.
Less is more.
Ten senior Goldman Sachs executives, including CEO Lloyd Blankfein, were on New Year's Eve given stock pegged to earlier restricted awards worth tens of millions of dollars.
Subtract the Oracle of Omaha's charitable donations for this past year, and the total of the top 15 donors would be far less than last year's $2.6 billion.