Deutsche Bank has confirmed that Robert Karofsky, the bank's New York-based co-head of global sales and trading, has taken leave of absence for personal reasons.
The Financial Times reports that many of the City's largest UK-based banks have contingency plans in place to move businesses away from the City in the events that levies, higher taxes and increased regulation (or threats of breaking them up) make it more sensible to operate elsewhere.
Here are a few more sound bites from the SocGen 'rogue trader' trial which wound up in Paris last week.
Although it will be some time before we appreciate the full implications of the financial reform billed thrashed out by the US Congress, it doesn't look too bad on the whole.
By Vic Daniels
Tongues are wagging following the announcement last week that JPMorgan Chase CEO Jamie Dimon had shuffled his executive pack once again, so as to give senior troops more opportuinity to impress, and more experience to be in with a shot of taking over from him.
Here's a summary our 2008 Recruitment Poll winners and the runners-up in each category.
Here Is The City kicked off its football coverage a few weeks back, and its going realy well.
Former UBS private banker Bradley Birkenfeld is not a happy chappy.
The Daily Telegraph reports that UK banks have been advised by regulators and monetary authorities that they will need to 'rein in bonuses and slash dividends for years to come if they are to boost reserves and ready their balance sheets' to comply with new capital-adequacy rules planned for later this year.
Ever wondered what goes down ?
Patrick de Nonneville, Goldman Sachs’s co-head of European interest-rates trading, left the bank and is working with a new company focused on lending for small and medium-sized businesses in France.
An activist investor group said it is withdrawing a shareholder resolution that called for Bank of America to have an independent board chair, easing some of the pressure the bank faced after giving its Chief Executive Brian Moynihan the additional title of chairman last year.