New research conducted by the Centre for Neuropsychology at Melbourne's Swinburne University has found that women often make better managers/leaders than men, as they can be more intuitive and are able to better suppress negative emotions.
CityNews takes its usual look at how firms stacked up in the quarter.
2006 has been the year when prop traders came in from the cold. And Bloomberg has compiled a couple of interesting league tables, comparing trading revenue at some of the larger investment banks.
We called up Goldman's London-based media relations team to see if they would comment on the latest promotions round at the firm (promotion season is said to be in full swing). They must have all been busy trying to make partner, as nobody called back.
This is no joke. If you are a City trader who works in investment banking, and are willing to pose nude in a calendar for charity, we know some people who want to hear from you!
UBS posted strong second-quarter earnings Tuesday, but warned that tougher times may lay ahead.
The smart money says that we've had the best of 2006 already. After a record first half for most of the industry, investment banks are likely to see a significant slowdown in third and fourth-quarter earnings, as trading volumes drop off, securities offerings fall away, and the pedal comes off the gas in US M&A.
A New Jersey postman has pleaded guilty to leaking grand jury information concerning a probe into Bristol-Myers Squibb to two former Goldman Sachs employees, who are alleged to have been the masterminds behind an insider-trading plot.
43 year-old private banker Stephen Troth was HSBC's main man in Monaco. But around $22m of celebrity client monies vanished a few years back and Troth was fingered and subsequently sentenced to four-and-a-half years in the clink. He served the first part of his jail term in Monaco and was then transferred to do the rest of his time in Nice. As, under French law, the maximum sentence for his offenses is three years, he was released last December. Then his troubles began once again.
As part of Robert Rubin's 1999 Citigroup employment contract, he was allowed unlimited access, free of charge, to company aircraft for personal use. Well, that's all changed.