It's about this time of year when bankers head for a beach somewhere and take time out to ponder what they will do with their next bonus. With payouts for some of the bigger US firms now just over 4 months away, the summer break is usually a good time to start thinking about how your next wad will be spent. This year, however, it might be better to wait before you get too carried away.
The global equity markets fell sharply Thursday, on worries about whether higher borrowing costs and a credit squeeze will slow down M&A activity, result in more debt defaults and eat into corporate earnings.
BusinessWeek / Interbrand have just released their Top 100 'Best Global Brands' for 2007.
Clarity, it seems, is the last thing that we should expect from the ABN AMRO sale debacle.
Financial News reports that, according to credit research firm CreditSights, Citi could be exposed to as much as $27bn in high risk private equity-related leveraged loans.
Here's an example of an article which features in our recently launched 'Life' section.
Here's a round-up of three of our most naughty stories (Yes, we've run a few!):
Bloomberg reports that WestLB has fired CEO Thomas Fischer following those $334m trading losses sustained by the bank's equity-trading desk sustained earlier this year by speculating on the difference between ordinary and preference shares in Metro, Volkswagen and BMW.
Do any of your mates look like celebrities ? If so, send us in a pic and we'll compare them to the real thing.
All fun and games this week for Brian Hunter, the trader who is said to have been responsible for the $6bn losses sustained by hedge fund Amaranth Advisors following wrong-way bets on natural gas prices last year.