HSBC Holdings plc has announced the appointment of Samir Assaf as Chief Executive of its Global Banking and Markets business with effect from 1 January 2011.
The New York Times 'DealBook' column reports that a New York jury is now deciding the fate of former Goldman IT programmer Sergey Aleynikov, who has been in court accused of stealing one of the firm's proprietary trading source codes.
The Wall Street Journal reports that the US Senate Permanent Subcommittee on Investigations this week released details of e-mails sent by a senior Goldman executive which, according to Chairman Sen. Carl Levin, looked 'like trading abuse to me'.
Business Week magazine has an excellent article about US money manager BlackRock and co-founder / CEO Larry Fink.
The Wall Street Journal reports that, according to an unnamed 'person familiar with the situation', Morgan Stanley has told executives to budget for bonus cuts of between 10 and 25% for this year-end.
Here's the latest from our jobtalk blog.
Bloomberg reports that Bank of America's agreement to pay $137m to settle charges related to a US bid-rigging conspiracy for municipal-investment contracts may be the first of many for the industry.
New Year Resolution: Let's help Dionne Warwick and Friends end world hunger through the launch of World Hunger Day 2011 by supporting The Hunger Project and a Gala Concert/Briefing with Dionne Warwick, Elaine Paige, Natalie Cole, Mica Paris and many more.
Here's the latest from our Highly Placed Professional.
From - Management