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Top Firm Says It Will Pay Employees Competitively

Reuters reports that Citi CFO John Gerspach said at the Credit Suisse Financial Services Conference in New York Thursday that his firm will pay employees competitely in 2009, and that staff will not be disadvantaged in terms of market rates this year either.

Fight To Make Lehman Report Public

Bloomberg reports that an examiner tasked with undertaking a report on the bankruptcy of Lehman is to go to court to ask a Judge to unseal its contents, after many of the people interviewed for the probe refused to agree to lift their demands of confidentiality.

How Well Is Your Firm Placed For 2010 ?

Here's our rankings for the best-positioned large investment banks for 2010, based on the strength of the firms' balance sheets, their ability to pay market rate compensation, and bench-strength of their staff.