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LATEST

Best Loved Hotel Competition - The Result

On offer to the winner of this month's Best Loved-sponsored Here Is The City quiz is a two-night stay for two at the Feathers (including breakfast and dinner on one of the nights), a privately owned 17th century hotel in the heart of Woodstock.

Billy Big Bonus

Goldman Sachs announced its fourth quarter profits Tuesday - and earned more money in any one year than any investment bank EVER.

Citi, Jamie Dimon, Enron, Lehman, Morgan Stanley, UBS

The Daily Telegraph reports that Citigroup is now the only investment bank in Serbia, as it has opened a rep office in the war-ravaged country. The newspaper quotes Bill Mills, head of Citigroup's EMEA corporate and investment banking business, who said that 'Serbia is a key market for Citigroup in South Central Europe due to its growth potential, geopolitical position, positive direction and pace of development'. (Yeah, right!)

A Bit More Hedge Fund & Asset Management News

The International Herald Tribune reports that, according to Hedge Fund Research, macro hedge funds like Goldman's flagship Global Alpha fund were up, on average, 5.8% in the first 11 months of the year - compared to a 12% gain in the Standard & Poor's 500 stock index through November.

Four Killed In Murder At Citigroup Center

Tragedy struck Citigroup Center in Chicago Friday, when a 59-year-old man forced a guard at gunpoint to take him to the 38th floor offices of law firm Wood, Phillips, Katz, Clark & Mortimer. Once inside, he chained up and sealed the exit so no-one could leave. Moments later three men had been shot dead, and a woman was injured. The three men all worked at the firm, two were lawyers. The shooter was then taken out by a SWAT team which attended the scene.

Rumours That Top Firm Has Incurred Trading Losses

Well, either the market is really spooked, or traders have got little else to do except gossip. But unsubstantiated rumours swept trading rooms yesterday that Deutsche Bank had suffered trading losses in fixed income, which, so it is said, will adversely effect the bank's second quarter trading performance.

More Bank Merger / Deal Rumours Surface

Reuters reports that shares in Barclays Bank finished at a record high Friday on rumours of that impending Bank of America bid - despite the news that Barclays outgoing chairman Matt Barrett sold 2.3 million shares Thursday (something that he would not have been allowed to do if a bid approach had been made).

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