The Times reports that Barclays has been urged to spin off investment banking arm Barclays Capital in the wake of the outline banking reforms announced last week by President Obama.
The term 'BRIC' economies is now in common usage (Brazil, Russia, India and China), but the latest term - 'PIIG's or 'PIGS' is a little more controversial.
Here's some snippets from the latest thing doing the rounds on the internet - an application a young man is said to have made for an internship at Goldman Sachs.
'Am I the only one who winces every time I read in the press that the average bonus at the likes of Barclays Capital, Goldman, JPMorgan, Bank of America Merrill Lynch, etc, is in the hundreds of thousands of dollars ?
Jefferies & Co.
Well done for Macquarie Bank for doing the right thing and keeping David Kiely, the client investment manager who was seen live on TV opening semi-nude pics of Australian supermodel Miranda Kerr.
2009 bonuses are charactarized by three main things:
The Guardian reports that EU lawmaker Jean-Paul Gauzes is determined to force through tough regulatory changes which are thought likely to cause the loss of up to 3,000 hedge fund and private equity jobs in London.
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