A survey by Infosecurity Europe of office workers in London's financial district has found that over a third (37%) would steal company information from their employer if the price was right.
Here'a an interesting excerpt from 'Chasing Alpha - How Reckless Growth & Unchecked Ambition Ruined The City's Golden Decade', by Philip Augar:
Credit Suisse Group reported net income attributable to shareholders of CHF 2,006 million ($1.7bn) in the first quarter of 2009 compared with a net loss of CHF 2,148 million in the prior-year period. Core net revenues were CHF 9,557 million in the first quarter of 2009 compared with CHF 2,926 million in the prior-year period. The return on equity attributable to shareholders was 22.6% and diluted earnings per share were CHF 1.60.
Morgan Stanley today reported a net loss applicable to Morgan Stanley for the first quarter ended March 31, 2009 of $177 million, or $0.57 per diluted share (reflective of preferred dividends), compared with net income applicable to Morgan Stanley of $1,413 million, or $1.26 per diluted share, a year ago. Net revenues were $3.0 billion, 62 percent below last year’s first quarter.
Bloomberg reports that Jens-Peter Neumann, the former head of Dresdner Kleinwort's capital markets unit, has sued the firm over $1.9m in severance pay.
Scotland's Daily Record reports that executives at Royal Bank of Scotland (RBS) continue to lose the 'trappings of power' enjoyed by their predecessors.
MarketWatch reports that senior executives at Bank of America Merrill Lynch are 'locked in a stand-off', as European bosses 'argue over how the business should be run'.
The Financial Times reports that 'senior officials' at the US Federal Deposit Insurance Corporation are thought to have privately discussed the options for replacing Citi CEO Vikram Pandit in the event that the firm needs to go back to the taxpayer for additional support.
A report on redundancy released this week by Ipsos MORI on behalf of employment lawyers Russell Jones & Walker raises serious concerns employers could be flouting the law.
Here's a classic sent in by one of our readers:
Raoul Weil, the fugitive former head of UBS’s global wealth management business, was arrested in Bologna after checking into a hotel under his own name and triggering an alert to Italy’s authorities.
While there was "more good news to come" for Morgan Stanley after a 50 percent jump in third-quarter revenue, JPMorgan was "dead money," banking analyst Mike Mayo of CLSA said Friday.
Billionaire tech entrepreneur and investor Elon Musk has bought James Bond's iconic Lotus Esprit vehicle from The Spy Who Loved Me, with the intention of making its movie transformation from car to submarine a reality.