The Independent reports that bankers at DrKW are likely to have a sleepless night tonight, ahead of a major announcement Thursday by German owner Allianz. Rumours abound that up to 1,000 jobs could go in the latest round of restructuring at Dresdner Bank, and that this may include be a few casualties at DrKW too.
In a recent interview with Citigroup Pursuits, a publication for the company's US high-net worth clients, former Citigroup chairman and CEO Sandy Weill said that he has made a deal with God, and planned to give away much of his $1.4bn fortune to worthy causes. Cynics suggest that he is more likely to have made a pact with the devil.
Here Is The City and career transition and coaching firm Fairplace are keen to learn what you think of your immediate line manager.
It's almost a year now since staff at Morgan Stanley got a big lift as John Mack returned in triumph as CEO, in succession to the embattled Philip Purcell. 12 months on, many are wondering just what he has accomplished.
London-based wealth management consultancy Scorpio Partnership has released data on private banking assets as at the last year end. Here are the Top 10 banks:
And the winner of the Joslin Rowe-sponsored Here Is The City World Cup-style 'Smartest Firm' Poll is.....................
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.
Lawyers for Roger Duronio, the former UBS IT man accused of planting a 'logic bomb' in part of the bank's IT network which caused millions of dollars to try and put right, tried a number of avenues last week to suggest that their man was innocent.
A spokesperson from Goldman Sachs has denied a story in The Business, which claims that there is a dog fight between senior executives who work for the firm in Europe.