We hoped for the best, but feared the worst.
Swiss newspaper Neue Zuercher Zeitung has reported that UBS is now aiming to appoint a new Group CEO ahead of its investor day on November 17th.
CIT Group Chairman & CEO John Thain spoke with FOX Business Network’s (FBN) Neil Cavuto about selling Merrill Lynch to Bank of America, saying the acquisition 'was a very good one' for both sides and 'if you look at where their earnings are coming from today, the vast majority of their earnings are coming from the pieces that were Merrill Lynch'.
Here's something from Raymond James analyst Patrick O’Shaughnessy which appeared in The New York Post on the subject of MF Global.
Here's a list of 11 firms which could buy some or all of MF Global.
Here's a few links to some interesting Bloomberg and CNBC stories currently doing the rounds.
Another day, another firm wielding the job axe. And pay cuts and industry consolidation too.
The federal court has dismissed a case against Pfizer Australia which claimed the pharmaceutical giant misused its market power and engaged in anti-competitive conduct in the way it supplied one of its blockbuster drugs to pharmacists.
Douglas Flint admits to UK parliamentary committee that oversees the financial industry that he couldn't rule out further scandals.
Deutsche Bank and Hewlett-Packard have announced a ten-year, multibillion dollar agreement that will further modernise the Bank’s global information technology environment and aims to significantly reduce related IT infrastructure costs.