We're trying to identify the two firms which have the best Graduate Recruitment & Development Programme (one for firms taking on less than 50 graduates each year, one for firms taking on 50 plus). And helping us is graduate recruitment and development specialists Graduate Solutions.
Here's a little something one of our readers sent in. Although not something we ordinarily run, it does serve to get things into perspective. Press on the link below.
The Financial Times reports that Bank of America posted a decent set of second-quarter earnings Monday. Despite, net profit sliding some 41%, earnings came in at $3.41bn, beating most analyst expectations.
Bloomberg reports that Merrill Lynch CEO John Thain is now getting it in the neck for hiring Thomas Montag, who comes aboard as global head of sales and trading in August. Montag, who once worked at Goldman, is believed to be on a year-one comp totalling some $80m.
Citi boss Vikram Pandit has been painted as a bit of a plodding clown, writing silly memos to staff whilst his firm implodes. Merrill Lynch CEO, John Thain, on the other hand, has been seen as a man-of-action, calming going about solving his firm's problems. Impressions of the pair changed, however, last week, when Merrill and Citi announced their second-quarter earnings.
The Financial Times reports that activist US union the American Federation of State, County and Municipal Employees has called on Citi's board to break-up the company, which it claims has become 'too big and unwieldy to properly oversee'.
Reuters reports that JPMorgan has instructed property services firm Knight Frank to offload 5 Churchill Place, a new building that was to be Bear Stearns' European headquarters. Unfortunately Bear was finished before the building, and, as JPMorgan is planning to build its own new European HQ in the City, Churchill Place is now surplus to requirements.
Our readers have mailed in asking us to write something on what 'subprime lending' (the thing that's causing all the current nervousness in the markets) is all about. So, here goes.
Here's another little ditty about the current turmoil in the financial markets. This one sung by a character known as 'Merle Hazard'. Enjoy.
Here's a video funny sent in by one of our readers.