Bloomberg reports that Lehman Brothers Holdings is claiming $500m from Barclays, as the bankrupt firm says that the UK-based bank failed to pay all of the bonuses it should have to former Lehman staff when it agreed to acquire Lehman's North American businesses in September 2008.
Macquarie Group has posted a 9% fall in annual profit to $1.04bn for the year ended 31st March, yet the future for the bank looks a lot brighter than it has done for some time.
Here's a note of some of the latest hiring / promotion announcements.
Dow Jones Newswires reports that Mitsubishi UFJ Morgan Stanley President Fumiyuki Akikusa has stepped down following the around $1.2bn in trading losses sustained by MUFJ traders at the unit over the January - March period.
The European Commission has opened two antitrust investigations concerning the Credit Default Swaps market. CDS are financial instruments meant to protect investors in the event a company or State they have invested in default on their payments. They are also used as speculative tools.
Here's a note of 29 banks with large numbers of employees.
The 'Dave Sokol affair' appears to have taken a toll on Warren Buffett - both in terms of the perception of the public that he is our 'Mr Clean' who gets the tough calls right all the time, and his uncanny ability to to emerge from any situation, however challenging, the seemingly undisputed winner.
André Benoit Mathieu Meyer (September 3, 1898 – September 9, 1979) was a French-born American Wall Street investment banker.
Here are some of the reactions to the news that Osama bin Laden has been killed by US security forces in Pakistan.
Here's some reader comments we've had in on the news that Osama bin Laden has been killed by US security forces.