Reuters reports that Bear Stearns and Lehman Brothers are thought to have been left with 'the biggest hangovers' as the credit squeeze has derailed the private equity dealmaking party.
Newsday.com reports that those Goldman Sachs death threat letters sent to 40 media outlets in June may have been sent as a 'hoax' by three teens.
Jim Cramer is a director and co-founder of TheStreet.com. He is also the host of CNBC's 'Mad Money', and had a recent pop at Bear Stearns and US Federal Reserve Board Chairman Ben Bernanke. Although Cramer's 'rant' is at times a little technical, it's great entertainment value.
David Thompson is an Executive Director, People and Organisational Development, over at ABN AMRO. And, in his spare time, he is a published author.
Bear Stearns is back in the headlines again Monday - the firm has settled on a fall guy for its hedge fund and related problems. President and co-COO Warren Spector has been asked to fall on his sword, and has done so (no doubt with a decent payoff).
The Financial Times reported Friday that The Royal Bank of Scotland consortium (RBS, Fortis and Santander) is feeling miffed that they are not playing on a level field as they battle for control of Dutch bank ABN AMRO.
The Wall Street Journal reports that former Bank of America securities man Paul Risoli pleased guilty to criminal charges late last week, after admitting his involvement in an alleged insider-trading scam.
Reuters reports that industry experts expect disaster could loom large when hedge funds start releasing data on their July performance. The news agency quotes Jack Yang, a partner in $40bn hedge fund Highland Capital, who has said that 'the numbers are going to be all over the place'.
The Times reports that ABN AMRO board members will receive decent pay rises in the event that Barclays ends up the winner in the fight to take over the Dutch bank.
Fortune magazine has come up with a list of the best-paid CEOs and Chairmen of European companies in 2006. The figures include salary, bonus and stock options. Here's the Top 20: