Fortune magazine has a list of the Top 50 money losing firms in 2008. Here's the top 20 in the financial institutions category.
The focus of the articles written to date about the tragic death of 24-year-old Deutsche Bank equity salesperson Anjool Malde have understandably been on the banker himself. But there are many others who will be scarred by his suicide.
It's been suggested that, with Goldman Sachs likely to post strong second-quarter earnings this week (and bonuses for employees looking likely to be decent this year-end), the firm should in some way be ashamed of its accomplishments - and all because it took $10bn of TARP funding from the US government last year. What a lot of nonsense!
Businessinsider points out that Barclays Capital has installed hand sanitizers in the restrooms of the old Lehman HQ building in New York. Nothing wrong with that, you might think, in these days of the H1N1 virus.
Here's something sobering from our Highly-Placed Professional.
Here's a picture of a real life hospital sign sent in by one of our readers.
The Daily Mail is reporting that the tragic death of 24-year-old Anjool Malde, who jumped from the rooftop terrace of the Coq d'Argent restaurant in London on Sunday, may have been caused by a silly office prank that went terribly wrong.
Things appear to be getting a bit fraught in the New York trial of Joseph Collins, former outside legal counsel to failed commodities broker Refco, who is accused of involvement in the fraud.
Citi announced a management shake-up in its top ranks Thursday, and many feel that the end result is that CEO Virkam Pandit is becoming marginalized at his own firm. MarketWatch even describes Pandit as 'the shrinking Citigroup CEO', and says that the move to shunt him aside was undertaken after pressure from US regulators, who remain unconvinced that he is the man to turn the company around.
The governor of the Bank of England has issued a blunt warning to potential home-owners that they must be able to pay their mortgages when interest rates go up and not rely on being bailed out of any future difficulties by rising house prices.
Marks & Spencer staff in Ireland have voted to strike over the firm's plans to close its final-salary retirement scheme.
Marc Faber , editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday that this week's epic rise of the digital currency bitcoin from $810 to $1200 is a sign of too much money.