Roger Jenkins is Chief Executive of Barclays Private Equity, Principal Investments and Structured Capital Markets at Barclays Capital, and executive Chairman of Barclays Investment Banking & Investment Management, Middle East. And some say that this man could be highest-paid investment banker in the world.
The Wall Street Journal reports that Morgan Stanley was on the 'brink of failure' just two days after the fall of Lehman Brothers in September, after false rumors were circulating that Deutsche Bank had pulled a $25bn credit line.
The following is the text of the term sheet detailing the agreement reached on Sunday between the U.S. government and Citigroup Inc.
Citi took out a series of advertisements around the US over the weekend, designed to reassure customers, investors and staff.
President-elect Barack Obama announced Saturday a bold initiative to save or create 2.5 million US jobs in the next two years.
'I made my firm tens of millions this year, but I don't care about a bonus payout.
The Financial Times reports that Deutsche Bank CEO Josef Ackermann has written to senior staff advising them that he is conducting a strategic review of the bank's operations in a bid to boost profits and Deutsche's falling stock price.
Speculation mounts about the future of Citigroup and, despite the determination of CEO Vikram Pandit to go it alone, some say that he is no longer the master of his own destiny, as the likes of Morgan Stanley and Goldman Sachs may be mulling a bid.
The Observer reports that at least 1,250 staff who work for Citi is London's Canary Wharf financial district are likely to be told that they will have no job this week. Most of the losses are expected to come from the firm's investment banking unit.
Dealbreaker reports that both Morgan Stanley and Goldman Sachs look like they, too, have cancelled Christmas. The firms are said to have joined the likes of Bank of America, Barclays Capital, Royal Bank of Scotland and a raft of other banks who are finding it inappropriate to splash shareholder cash at this sensitive time.