We'd like to say a big 'thank you' to our readers for helping us hit a new high on our news site Wednesday. The markets may be going belly up, but we're certainly not!
We heard a lot about artists like The Rolling Stones, Kylie Minogue, Rod Stewart and others being hired by firms (or bankers) to strut their stuff at private functions. So we wanted to find out who you, given the choice, would like your firm to bag to entertain you.
Michael Berger is now 35. Charged, and pleading guilty to fraud, in the US in 2000, he went on the run in 2002 before he was sentenced. He has now been apprehended in Austria, where he was born, and US authorities are trying to get him back to send him away for up to 10 years in clink.
More positive news on the Lehman front Thursday.
We're did a quick poll to find the best and worst firms in terms of paying for third-party services.
Here's an oldie, but goodie:
Reuters reports that JPMorgan Chase CEO Jamie Dimon was in fine form on PBS Monday. Dimon said that US regulators should launch an investigation to ascertain whether short sellers of Bear Stearns stock spread false rumors to deliberately bring down the Wall Street firm.
Many firms like Citi, Lehman Brothers and UBS are now paying an increasing amount of year-end bonus for senior staff in deferred equity. This not only conserves much-needed cash, but acts as a retention tool for key staff.
We asked our readers to let us have their views on where the FSTE 100 and Dow Jones Industrial Average would be as at the end of June.
We've been trying to find out which firm is the 'tightest' in the financial markets in terms of expenses.