Reuters reports that Benoit Savoret has quit as head of Macquarie Bank's 1,450 Europe, Middle East & Africa unit after less than a month.
'The cemeteries of the world are full of indispensable men'.
The value of worldwide M&A totaled $573.3bn during first quarter 2010, a 20.5% increase from first quarter 2009 levels and the strongest opening quarter for M&A since 2008.
Global syndicated lending activity continued to decline, with the first quarter volume standing at $460.6bn. Of this toal, $403bn, or 87%, saw wider syndication, while the remaining $57.6bn were structured as club deals.
The Financial Times reports that Gartmore's Roger Guy, co-head of the firm's flagship hedge fund, was critical of Gartmore's compliance rules when talking to investors last week about the suspension of colleague Guillaume Rambourg.
The Wall Street Journal reports that Bob McCann has now unveiled his new strategy for the bank's US wealth management division.
Reuters reports that JPMorgan Chase CEO Jamie Dimon has told shareholders in his annual letter that the firm is to increase headcount over at the private bank by some 500 this year, and will also be beefing up the investment bank in emerging markets, adding staff in Brazil, China and India.
A middle aged spinster who has an unhealthy attachment to all things Lehman got off with a warning in court in New York Wednesday.
A New York based investment banker is suing her firm after, she alleges, her boss greeted her each day with a cheerful 'good morning'.
A US investment banker, who is such a fan of music legend Elvis Presley that he changed his name in honor of his hero, has sued his former employer for unfair dismissal.