A 22-year-old Sunderland man recently returned to the UK after a stint in the Army in Iraq. He survived that, and came back in good shape. Then he went to a firework party last weekend.....
Please do not try this at home (your home, or anyone else's!). You have been warned.
Financial News reports that Bear Stearns is merging its debt & equity origination teams in Europe under new regional CEO Michel Peretie.
The Wall Street Journal points out that, despite gearing up like it means it in Europe, Lehman Brothers is actually going a little backwards in the European M&A rankings.
The results of the first Thomson Extel Asia Pacific (ex-Japan) Equity Survey were announced on Tuesday. Here are the key results:
Bloomberg estimates that employees / executives at Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley will share around $36bn in bonus payouts this time around - a 30% increase on last year's record high.
It's not unusual this time of year for firms to take their feet off the recruitment pedal. As year end approaches (and firms like Goldman, Lehman, Morgan Stanley and Bear Stearns close their final fiscal quarter one month sooner than the rest), the focus is usually on profits and bonuses, rather than recruitment. This year it's different. Recruiters will tell you that there has been no discernable slowdown in recruitment activity - across the board.
The Wall Street Journal reports that Barclays Bank has settled its legal spat with Enron's bankruptcy estate. The UK bank will pay $144m to settle (but denied wrongdoing), 'as it was prefereable to the time expense and unpredicability of litigation'. Barclays will still be able to pursue $310m of its own claims against Enron in the bankruptcy proceedings.
If life in the financial markets is getting you down, you can always take matters into your own hands - like this analyst did!
The Toronto Sun reports that former investment banker David Kenton Reid appeared in court earlier this week, charged in the death of 72-year-old Harley Walker, a man he allegedly met through a gay website.