Never bet against Goldman Sachs, as time and time again the firm gets it right and surprises on the upside.
The Hindustan Times reports that Anshu Jain, last week confirmed as sole head of Deutsche Bank's investment banking unit, is unlikely to be given the opportunity to succeed Josef Ackermann - because he doesn't speak fluent German.
Here's last week's Top 10 Most Read:
Here's the latest from The Vic Daniels Column.
It's not that I'm unpatriotic, it's just I'm a realist. To win the World Cup, England have first got to get out of their Group - and our over-rated team are clearly struggling to do just that.
Oh, it's dog-eat-dog on Wall Street. Jamie Dimon's seat at White House state dinners is barely cold (his bromance with Obama sadly over), and Citi CEO Vikram Pandit, the $1-a-year man, appears to be making a bid for it.
The bromance between President Obama and King (Jamie) Dimon has, it appears, somewhat soured.
We've been hearing a lot recently that big (or at least bigger) bonuses have returned, and recruitment has changed back from a 'client-driven' market to a 'candidate-driven' one. And here's further validation that the good (or better) times have arrived.
Here's the latest from our Highly Placed Professional.
Here's Thomson Reuters' overview of the week in M&A, capital markets and syndicated loans.
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.
"The views and the facts are completely different, OK?" Dimon said, after being asked about a breakup.