It's a good job that Carlos Slim is the richest man in the world - how else could you afford to lose $8bn of your net woth in 4 short days ?!
Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., talks about Standard & Poor's downgrade of its U.S. credit rating and the outlook for financial markets.
The Telegraph reports that, according to some of its headhunting sources, 'where private sector companies in a range of industries would have once jumped at the chance of hiring ex-bankers, many now will not touch them with a barge pole'.
Reuters reports that Royal Bank of Scotland CEO Stephen Hester confirmed last week that an additional 2,000 investment banking jobs would go in the next 12 - 18 months.
With Anshu Jain off to become co-CEO at Deutsche Bank, bets are on as to who will replace him as head of the bank's corporate & investment banking unit.
In case you missed it, here's last week's top stories.
It's happened then. Standard & Poor's has lowered its long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA'
Here's something out from the US Treasury on S&P's $2 trillion 'maths error'.
Here's a note of 15 countries that still have a 'AAA' rating.
Statement of G7 Finance Ministers and Central Bank Governors
Standard Chartered Plc, the U.K. bank that’s cutting $400 million of costs, will consider starting a desk in Dubai for Japanese corporate clients that wish to expand business in the Middle East.
Here are five Valentine's Day gifts you must avoid at all costs!
It could be said that the job of bridge toll collector was invented in San Francisco. In 1968, the Golden Gate Bridge became the world’s first major bridge to start employing people to take tolls.