A capacity 6,500 people have signed up in record time for this year’s Standard Chartered Great City Race, after the final places for the 5km corporate running challenge were snapped up a full 8 weeks before this year’s race, which takes place on 14 July.
President Obama addressed the UK Parliament Wednesday.
The Financial Times reports that Deutsche Bank has come under fire and been accused of 'damaging itself' through its failure to have a clear succession plan in place to appoint a CEO to follow Josef Ackermann, who is due to stand down in early 2013.
Spare a thought for the City trader who thought that he'd make a real killing by placing a 'big short' that the world would end last Saturday.
The Wall Street Journal reports that the Commodity Futures Trading Commission has charged two traders and their firms of manipulating oil prices in 2008, and reaping some $50m in illegal profits. As the exchange is also seeking triple damages, the traders face a $200m penalty should they be found guilty of wrongdoing.
Nathan Mayer Rothschild (16 September 1777 – 28 July 1836) was a London financier and one of the founders of the international Rothschild family banking dynasty. He was born in Frankfurt am Main, the fourth child of Mayer Amschel Rothschild (1744–1812) and Gutle Schnapper (1753–1849).
Here's the latest from our Highly Placed Professional.
Here's a couple of brief items making the news.
David Stockman, budget director under President Reagan, appeared on Bloomberg Television to discuss the latest developments in the deficit / debt debate. Stockman said there is sovereign risk on the debt of the United States and that both political parties in the U.S. are advocating 'de facto default' by pointing fingers at each other.
Warren Edward Buffett (born August 30, 1930) is an American investor, industrialist and philanthropist. He is widely regarded as one of the most successful investors in the world.