Official ISITC Europe Press Release
Bloomberg reports that Deutsche Bank has set aside 31% more for staff compensation over at its corporate and investment banking unit this year, after posting decent third-quarter results thanks to strong sales and trading revenues.
US Treasury Secretary Tim Geithner was on the Hill Thursday, giving testimony to the House Financial Services Committee on the subject of reform of the financial system.
Bloomberg reports that billionaire philanthropist Pete Peterson (co-founder of private equity firm Blackstone and former chairman and CEO of Lehman Brothers), has suggested that Goldman Sachs needs to make a charitable donation of at least $1bn if the firm is to mollify the public's anger over employee bonuses.
Andrew Ross Sorkin's 'Too Big To Fail' is published in the UK today, and yet further incredible details about the 'Lehman weekend' (13th - 14th September 2008) have been revealed, in extracts from the book published in The Times newspaper.
Reuters reports that German authorities are investigating Helmut Kiener, the founder of the K1 hedge fund, on concerns that the fund may have engaged in circular transactions that created the illusion that K1 had more collateral for loans than turned out to be the case.
Author of the best seller 'Beer and Loathing in the Square Mile', Cityboy has joined the Here Is The City team, and will be posting his views on a number of City-related topics when the time-constraints imposed by his hedonistic lifestyle permit.
The Guardian reports that Kat Banyard of pressure group the Fawcett Society told a UK Treasury Select Committee earlier this week that a lap-dancing culture is alive and well in the City.
Here's a little funny produced by iBall TV for Interactive Investor.
Associated Press reports that JPMorgan Chase CEO Jamie Dimon confirmed this week that he will not take advantage of the compensation constraints placed on rivals Bank of America and Citi by US pay czar Kenneth Feinberg to tempt away top executives.