Former Bank of America CEO Ken Lewis was the man who made the bold leap to acquire Merrill Lynch in 2008, and the aggro he got over the deal was one of the main reasons he decided to step down at the end of 2009.
PRINCETON, N.J., Jan. 23, 2011 /PRNewswire/
Lou Kerner, a social-media analyst at Wedbush Securities Inc., talks about the $1.5 billion in financing raised by Facebook Inc., owner of the world's most popular social-networking site.
Sir John Vickers is Chair of the UK's Independent Commission on Banking, and he made a speech about the Commission’s work last week at London Business School.
Lazard has announced that Lord Mandelson, former Secretary of State for Business, Enterprise and Regulatory Reform, will serve as a Senior Adviser to the firm, effective immediately.
Here's a copy of Morgan Stanley CEO James Gorman's memo to employees which announced a rejig in the senior ranks:
The New York Times DealBook column reports that Kamal Ahmed, a Managing Director at Morgan Stanley, has been placed on leave while the firm investigates allegations that he leaked information about a pending M&A deal involving Advanced Micro Devices in May 2006.
higher than for 2009.
JPMorgan Chase pulled in $17.4bn in profits in 2010, the best year for earnings in the bank's history. And senior executives look likely to do OK for the work they put in last year.
The New York Times reports that, according to a 'person familiar' with the matter, Morgan Stanley CEO James Gorman is unlikely to bag more than $15m in compensation for his work in 2010.
Homes close to London’s Harrods department store are so in demand that the average price within a five minute walk has soared to £2.4m – almost double the average for the borough of Kensington and Chelsea.
Financial analyst Meredith Whitney 's hedge fund firm, Kenbelle Capital, seems to be in trouble a little more than a year after it launched.
And the moral of the story is...