It's twenty years since Black Monday - the devastating stock market crash of 1987. October 18th 2007 will be Black Thursday for many - only one team will survive.
The Centre for Economics and Business Research has predicted that City bonuses are likely to fall by around 15% on last year as the credit crunch takes its toll on investment banking revenues and profits
Complinet's Annual Compliance Awards were created in 2004 to recognise the successes and achievements of compliance professionals from across the financial services industry and supporting professional services firms. The 4th Annual Compliance Awards is searching across the compliance and finance sectors to recognise the contribution of the compliance role, compliance trainers and professional advisers in helping to ensure that the UK remains at the forefront of global financial services. The awards are judged by a panel of highly-respected financial services experts.
Although some joke that you can never consider yourself a success as a banker unless you have been laid off at least once in your career (indeed, some bankers make a career out of getting made redundant), most are still nervous when unsettling times prompt job loss fears.
Dresdner Kleinwort has made the headlines over the last week or so - and, once again, the news has hardly been positive.
The Wall Street Journal reports that 60 year-old William Jester, a former head of municipal bonds over at UBS, has sued the firm alleging that he was replaced and forced out of the company because of his age.
Like many firms, Morgan Stanley gives some of its employees access to career websites that come complete with CV databases. The idea, of course, is that the firm might be able to pick up some decent staff without going to the trouble of paying expensive recruitment fees.
Barclays shareholders voted 90% in favour of the $82.6bn offer the bank has on the table as it fights for control of Dutch rival ABN AMRO.
According to a recent survey undertaken by data provider EuroHedge, over 150 new hedge funds, attracting $13bn in assets, opened for business in the first 6 months of this year. That's up from 133 in the same period in 2004.
The Evening Standard reports that Guy Hands, the founder of private equity firm Terra Firma, has predicted that the upshot of the current credit crunch will be fewer deals in the near term.