The Financial Times reports that BNP Paribas plans to add over 200 staff to beef up its cash equities unit in the next 3 - 5 years.
Here's the latest from our highly-placed professional.
Well, we helped save Macquarie's Dave earlier this year, but can we help get sorry Solomon his job back too ?
Here's UK Chancellor George Osborne's speech to the Conservative Party Conference Monday.
Here's a little something sent in by one of our readers:
Forget all those rom-coms flogging the likes of Mr Big, or the impossibly up-himself Matthew McConaughey, not to mention the Dolce & Gabbana models bulging out of their boxers. Smart girls know that if you want solid gold, you need a man who’s less than perfect. And there is nothing that holds quite as much promise as an ugly man.
Dating in the financial markets is no task for the faint of heart. It takes a City Girl of steel to navigate the curve balls of investment bankers and their like. Indeed, decades after the feminist movement promised an idyllic world of fairness, it’s become increasingly apparent that when it comes to a financial markets romance, old habits die hard.
The Wall Street Journal reports that outgoing Bank of America CEO Ken Lewis has said that the Merrill Lynch integration is ahead of schedule, and that the company expects to achieve 45% of the planned cost savings by the end of this year, as opposed to the original target of 25%.
The layoff rumours are coming thick and fast now. Frankly, you could probably pick any number of firms and a headcount cut of between 10 - 20% and you probably won't be far off come the end of the year.
The Wall Street Journal reports that pay on Wall Street 'is on pace to break a record high for a second consecutive year'.
Jefferies, the Wall Street firm owned by Leucadia National Corp., said fiscal third-quarter profit rose almost sevenfold on gains in investment banking.
A push for growth in the US.
The global economy is divided at the moment into the good, the bad and the ugly. Two of the most populous nations can claim to be good.