Goldman Sachs is said to be looking to buy The Battery Park City Embassy Suites Hotel and its retail complex, properties which are next door to the site of its planned $2.4bn New York HQ building. If the deal goes ahead, Goldman will have plenty of room for expansion.
Barclays Bank said Friday that it had received an order from the US District Court for the Southern District of Texas confirming that it had dismissed a case filed by Enron shareholders against Barclays Bank and investment banking arm Barclays Capital. The suit claimed that the bank and its investment banking unit were partially responsible for the fall of Enron. Several other banks, including JP Morgan Chase and Citigroup, have already reached billion dollar settlements over the suit.
The Mail on Sunday published an interesting interview last week with 44 year-old Laura Mulgrew, the ex-wife of Gary, one of the so-called NatWest Three. And Laura appears to have taken the opportunity to have a pop at her former husband. Here are some quotes from the article:
Former Enron boss Ken Lay died of natural causes from heart disease. That's the official verdict. An autopsy has revealed that Lay, 64, had had at least two hearts attacks prior to the one that killed him in Aspen a couple of weeks back.
The jury in the UBS 'logic bomb' trial came in with its verdict Wednesday, after around 20 hours of deliberations.
Despite pulling in second quarter profits of $5.27bn (a rise of 3.8%), Citigroup missed some analyst estimates, and firm boss Chuck Prince has admitted that some revenue streams are 'under pressure' because of the current uncertain global environment.
Well, they are dancing in the streets over at JP Morgan Chase. Better than expected second quarter profits saw the bank's shares post their biggest single-day gain for more than 3 years Wednesday. And the investment bank, which CEO Jamie Dimon seems to take down a peg or two whenever he has the chance, came up with the goods too.
The pressure was on after Lehman posted those glorious earnings figures Tuesday. Goldman and Morgan Stanley stepped up to the plate Thursday and neither firm was found wanting.
Best to avoid the rush hour over at Citigroup Centre in London's Canary Wharf area if you can. 9am Tuesday saw around 25 impatient visitors waiting in the queue to get a pass and enter the Citigroup building, while two receptionists tried in vain to get the long line moving. Those in the line constantly looked at their watches, knowing that they were certain to be late for their meetings.
Here's the first Best Loved Hotels-sponspored CityNews Quiz of this year. On offer to the winner is a two night stay at London's Langham Hotel for two. The prize includes breakfast, and dinner on one night. The winner must take up his or her prize during February, 2006.