By Guest Contributor Faraz Mujtaba
Daily Intel has a great piece from a Barclays intern, 'Paul' (obviously not his real name), who was at the firm when the news hit that CEO Bob Diamond had fallen on his sword.
More staff on the way out ?
George Osborne may have been booed by the crowd at the Paralympics on Monday night, but Britain's economic performance has received a rare accolade from the Switzerland-based World Economic Forum, which says the UK is now the eighth most competitive country in the world.
Barclays Bank has been accused of using a taxpayer-backed scheme – designed to get finance to budding entrepreneurs – to provide a safety net for its risky lending.
Over a 40% fall in productivity seen across other sectors
The FBI has denied claims by a hacking group that says it obtained details of more than 12m Apple IDs from the laptop of a federal agent.
Greece's eurozone creditors are demanding that the government in Athens introduce a six-day working week as part of the stiff terms for the country's second bailout.
You couldn't make it up.
Deutsche Bank laid off around a third of the staff in its Asia equity derivatives business on Tuesday, as part of a global cost savings plan announced on July 31, according to Reuters' sources.
Barclays credit trader Brad Visokey left the bank last week to join billionaire hedge fund manager Michael Platt’s BlueCrest Capital Management.
Thomas May, a Bank of America board member who helped combine the firm’s chief executive officer and chairman roles, was re-elected with 66% of the vote, the least of any director, and down from 98 percent last year.