I got a 'once in a life-time' tip on a horse over the weekend. Can't miss.
Here's the latest from our Highly-Placed Professional.
Morgan Stanley CEO John Mack told CNBC this week that he did indeed order a staffer to tell then-New York Fed President Tim Geithner to 'get fucked', as he was busy on the telephone raising $9bn from Japan's Mitsubishi UFJ, and effectively saving his firm.
The Guardian reports that money broker Tullett Prebon is claiming that BGC Partners earmarked over $65m, as the firm tried to poach a number of key staff from its rival. 13 traders eventually made the switch to BGC.
No-one's quite sure whether this is true, or just another urban legend. But some think that it really happened - at a company based in Singapore.
HSBC executive Neil Ellerbeck has been sentenced to no less than 8 years in prison, after being found guilty of manslaughter in the death of his wife. The banker was cleared of murder by a UK jury.
Citigroup has reported net income for the third quarter 2009 of $101 million, and a $0.27 loss per share, based on an average 12.1 billion shares outstanding. Third quarter revenues were $20.4 billion. Results included $8.0 billion in net credit losses and an $802 million net loan loss reserve build.
The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $12.37 billion and net earnings of $3.19 billion for its third quarter ended September 25, 2009.
'Born December 25, 1947 in Brooklyn, New York, Bruce Wasserstein sadly died on October 14. He was a graduate of the University of Michigan, Harvard Business School, and Harvard Law School, and was the Chairman and CEO of Lazard.
The tributes have poured in following the death of M&A deal-making legend Bruce Wasserstein. Wasserstein died in hospital Wednesday, aged 61.
Financial regulators on Friday suspended trading in Cynk, the social networking company with no assets, no revenues and one employee, whose value on the stock market had mysteriously soared to $6bn in a matter of weeks.
The cost of hire has just gone up.
Bolstering regulatory oversight in the wake of escalating fines.