Commerzbank posted its first-quarter profits this week, up almost double to $931.7m on the sale of a stake in the Korean Exchange Bank and stronger securities trading.
Forbes and Star Mine have have ploughed through research on the sell-side analysts covering US stocks, and have come up with a set of league tables:
The Guardian reports that Goldman's links to rivals lead to media group BSkyB's recent decision to ditch the firm as joint corporate broker. Goldman was involved as adviser and private equity participant for Greg Dyke's recent takeover run at ITV, and also acted as adviser to NTL on the Telewest deal.
The Daily Telegraph reported last week that 36 year-old Helen Green is suing Deutsche Bank for a cool £1m, after claiming that she was bullied by female colleagues at work and was driven to a breakdown.
The New York Times has published an update on that insider dealing scandal that has rocked both Goldman Sachs and Merrill Lynch.
The Scotsman reports rumours are circulating that Dutch bank ABN Amro may be moving some of its operations to Edinburgh. The newspaper quotes an unnamed source, who said that 'the name has been mentioned, and it's not the first time I have heard it. No one can say if it's true or not. Whether they are looking at buying a business or making a fresh start is not clear'.
According to research firm Dealogic, Citigroup topped the league table for fees for advising on private-equity deals in the Asia Pacific region last year. The firm earned $85m, and was followed by Nomura ($50m), and Credit Suisse ($43m). Citi is also favourite to top this table again in 2006, after getting off to a flying start to the year.
Former Enron boss Ken Lay took his turn on the stand last week. The company's former chairman and CEO once mixed with the political elite and amassed a personal fortune of over $100m. All that's gone now, as Lay was in the dock in Houston, accused of six counts of fraud.
Rumours have been swirling in the last few weeks that there's been infighting and intrigue at the top over at Goldman Sachs. The story goes that CEO Hank Paulson and Michael Sherwood, the firm's top man in Europe, have had a ruck about that string of failed London-based hostile takeover deals Goldman has been involved in.
BlackRock Inc. disclosed its new business model last week, in the wake of that big deal to take control of Merrill Lynch Investment Managers. In a memo to employees, the firm said that the more global nature of the enlarged business entity will mean that greater emphasis will be placed on 'regional responsibilites, while retaining the subject-matter expertise and efficiency benefits afforded by having global functional departments'.