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Protesters Picket Bank's London HQ

Bloomberg reports that Royal Bank of Scotland's London HQ building in Bishopsgate was picketed by protesters Tuesday, who were angry at the bank's investment in fossil fuels.

Top Firm Said Planning Hiring Spree

The Wall Street Journal reports that Morgan Stanley is planning to hire as many as 400 traders and salespeople in the coming months, as it increases its appetite for risk in a bid to generate bigger profits (the firm has lost money in its last 3 quarters).

Top Firm Rocked By 'Massive, Premeditated Raid'

Raiding the Piggy Bank

Bloomberg reports that UBS has lost almost all of its healthcare investment banking team, including boss Benjamin Lorello, to Jefferies Group, in what is being described as a 'massive, premeditated raid'. At least 36 staff in the group are said to have quit between June 17th and June 21st.

Tragedy Strikes Financial District Again

Elevator Panel

Tragedy struck Canada's financial district Wednesday, after 8 people (7 from law firm McCarthy Tetrault and a messenger who was meant to be passing through) were caught in a lift in the Toronto Dominion Bank Tower in downtown Toronto.

AIG CEO's Resignation Letter

Edward Liddy, AIG's CEO, confirmed that he was stepping down last week. He told Reuters that the job was 'easily one of the most challenging jobs in the world of insurance, but add in the public scrutiny, and it becomes a different order of magnitude'.

Top Boss Accused Of Appearing To 'Nod Off' During Meetings

Sleeping Dog

The New York Post reports that Jerker Johansson, the recently departed UBS Investment Bank CEO, has been accused of being 'out-of-touch', lacking the respect of his staff and losing control of them. According to the newspaper's sources, he is also said to have 'even at times appeared to nod off during meetings'.

Top Firm To Cut 8,700 More Jobs

Goodbye UBS

UBS came out Wedneday and, as expected, confirmed that it will cut an additional 8,700 positions between now and 2010. Global headcount will come down from 76,200 to 67,500.