Ex-Citi executive Sallie Krawcheck is joining Bank of America to head up the bank's global wealth management and investment management business.
The Independent on Sunday reports that UK market regulator The Financial Services Authority (FSA) appears to have run into a little cashflow difficulties. The regulator is said to have been forced to tap into credit lines at Lloyds Banking Group, and is believed to have negotiated further facilities at HSBC. According to the newspaper, this is the first time that the regulator has gone into debt.
It looks like bankers over at Barclays Capital are on track for decent bonuses this year end. And already there's the predictable outcry in the press about 'greedy bankers' and all the other nonsense.
Here's a note of our most popular Life stories in July:
The New York Post reports that, according to a new book being published in October, then US Treasury Secretary Hank Paulson placed an urgent call into JPMorgan Chase CEO Jamie Dimon just days after the collapse of Lehman Brothers last September, asking Dimon to step in and acquire Morgan Stanley.
New York State Attorney General Andrew Cuomo has released his report on bank bonus culture, which is he dramatically titles 'No Rhyme Or Reason - 'Heads I Win, Tails You Lose''. The contents will no doubt shock everyone, except those who work in the financial markets.
A group of 6 E&Y professionals are trying to raise £20,000 for the Prince's Trust before the end of October. The largest event will be a Black Tie Masked Ball in August.
Panic ensued at a Bank of America call center in Texas Thursday, as 144 staff were overcome with what was initially thought to be a carbon monoxide leak or a chemical weapons attacks. 34 people had to be taken to hosital. The symptoms included dizziness and being short of breath.
Spare a thought for the top dogs over at Goldman Sachs. Just when they thought it couldn't get much worse (what with all the stuff about bonuses and bailouts and all that), along comes an alleged 'sex' scandal.