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Wall Street Legend Health Rumour Thought Nonsense

A Wall Street blog carried an item yesterday about the health of Wall Street investment banking legend Bruce Wasserstein. Wasserstein is the CEO over at Lazard, and has been described as the 'leading investment banker of his generation'.

Rumour Of The Day

The Times 'City Diary' has apparently heard rumours that Icap boss Michael Spencer is thinking of taking a majority stake in Championship soccer club Ipswich Town.

City Job Growth Predictions Slashed

Think-tank the Centre for Economics and Business Research (CEBR) has slashed 3,500 from its 2006 London financial services job forecast. The unit is still, however, predicting a 12,000 year-end increase on 2005, taking financial services job levels to a record high of 335,700.

Concerns Grow As On-Site Recruiters Go Into 'Search'

We've all seen the growth in on-site recruitment desks, especially in Europe, over the last few years. Love 'em, or hate, they seem destined to stay. But whilst these desks have traditionally restricted their activities to contingency recruitment, some banks are looking at partnering with these firms on 'search' too, especially for jobs just below the normal headhunting threshold.

Mack To Be Interviewed To Put Insider Claims To Bed

Morgan Stanley CEO John Mack will be interviewed by US regulator The Securities and Exchange Commission (SEC) in order to put to rest claims that he was in any way involved in any insider trading allegedly undertaken by hedge fund Pequot Capital Management, where he was CEO briefly in 2005.