Every cloud has a silver lining after all.
Here's a few links to some interesting Bloomberg and Reuters stories doing the rounds.
The date for London’s premier 5k corporate sporting challenge, The Standard Chartered Great City Race, has been set for Thursday 12th July 2012. It is the only corporate sporting event to be held exclusively on the closed off streets in the City of London.
The Financial Services Authority (FSA) has decided to fine David Einhorn, owner of the prominent US hedge fund Greenlight Capital Inc (Greenlight), and his fund £7.2m for engaging in market abuse in relation to an anticipated significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.
As part of the Future Leadership Development Programme, students in their penultimate year of university could be offered the opportunity to join Barclays Retail and Business Banking division for six weeks from 18 June to 27 July 2012.
The picture is the same across Europe.
In other words, chop heads.
Here's 5 reasons why this firm can get away with cutting investment banking pay.
Here's a few links to some interesting Bloomberg and Reuters stories currently doing the rounds.
Next chief executive Lord Wolfson has pledged to raise shopfloor wages at the retailer by at least 5%, offering to share his bonus among staff if there is a shortfall in funding.
HSBC is preparing to bring in new non-executive directors to overhaul a board that has faced intense scrutiny following revelations of its Swiss arm’s involvement in tax evasion.
Ho Ching, CEO of Singapore's wealth fund Temasek, will go on a three-month sabbatical leave, the firm said on Wednesday.