Here's an oldie but goodie on the subject of French banks and the bonuses they pay out to non-French nationals.
Morgan Stanley has announced a comprehensive settlement with MBIA that better positions the firm for Basel III by resolving outstanding legacy exposures and releases capital to reinvest in its client-focused businesses.
Here is a quick look at other business news hitting the headlines.
Yep, they are being issued memos now.
Bloomberg reports that, according to a US regulatory filing, Citi has advised that 413 New York-based employees are at risk of being laid-off. 270 of the cuts at risk are at in the firm's Institutional Clients Group in Greenwich Street.
Here's a few links to some interesting Bloomberg, CNBC, MarketWatch, New York Post, New York Times and Reuters stories currently doing the rounds. Commerzbank in state aid talks
See if you can guess the year.
I guess this financial markets professional will need a sense of humour where he's at now.
A former Goldman Sachs Managing Director accused of rapng a woman at his beach house on New York’s Long Island is betting a judge will be more sympathetic than a jury.
Barclays head of markets Eric Felder is leaving the bank, less than a year after he was appointed to supervise its global sales and trading businesses, according to an internal memo.