Fortune magazine, think tank AccountAbility and corporate responsiblilty consultancy Csrnetwork, have published their 2008 Accountability ratings from the Fortune Global 500.
Financial News reports that some of the biggest players in the equity derivatives market took a bath in October due to a 'sudden rise in volatility and correlation'. According to the newspaper, BNP Paribas, Deutsche Bank and Natixis all sustained losses of between $382m - $636m during the month.
The example of senior executives over at Goldman Sachs in forgo bonues this year is, as expected, putting pressure on other firms to follow suit.
Here's the press release:
Bloomberg reports that Lloyd Blankfein, Goldman's CEO, has confirmed that he and five of his executives will forgo bonuses this year.
London - Neil Ellerbeck, the Global CIO, Liquidity, over at HSBC Asset Management, has now been charged with murdering his wife.
Here's the latest e-mail Citigroup CEO Vikram Pandit sent to staff Monday, following the announcement that thousands more jobs will go and that expenses will be cut by 20%.
Sadly, but almost inevitably, NewsChannel 4 is said to have learned that a US medical examiner has identified the body of a woman found buried in concrete in a New Jersey home last week as Maria Cruz, an analyst at Barclays Capital who disappeared 10 months ago. It is believed that Ms Cruz was identified from dental records.
41 year-old Nancy Kissel is currently on trial in Hong Kong for the murder of her husband, Robert, whose body was found in an underground storage unit close to the couple's luxury Hong Kong apartment building in November 2003. Kissell, 40, was at the time head of Merrill Lynch's principal finance business in the Asia-Pacific region.
'Beginning in 2009, UBS will adopt a new compensation model for the Board of Directors and the Group Executive Board.