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Open Letter From Barclays Bosses

Responding to the concerns of investors, Barclays' top two executives have taken the unusual step of writing an 'Open Letter', which reveals that the bank expects 'significant' pre-tax profits in 2008, record income levels and has adequate capital resources.

Top Firm's Staff To Be Better Turned Out

Most banks have rather a lot to worry about during this difficult period, but, according to The Mail-on-Sunday, Deutsche Bank has found the time to enter into a deal with Murdock London to open a grooming salon in its London Wall HQ building. So, it won't be only the firm's front office staff who will be 'taking a haircut', then.

Lewis v Thain - How Do They Stack Up ?

There's a lot of stuff flying around about just who is to blame for the 'Merger From Hell' that currently looks to be the Bank of America / Merrill Lynch deal (although there's no doubt that Merrill CEO John Thain, who left last week, appears to be the fall guy).