We thought it would be good to put to the vote who you wanted to play the role of the SG rogue trader Jerome Kerviel in the film that will most certainly be made about his escapades. And here's the result:
Some hedge funds have been having a torrid time this year. In fact, average returns are said to be at an 18-year low.
Bloomberg reports that Bank of America CEO Ken Lewis has said that, despite the challenging markets conditions, he sees 'no reason to cut the dividend and no reason to raise any more capital'.
Lehman Brothers CEO Dick Fuld will be fuming. There appears to be just no respite, as inaccurate rumours again swept the market this week and resulted in yet more trouncing of his firm's stock price.
Will Jean-Paul Votron (sounds like a 70s popstar, doesn't he ?), CEO over at Fortis, soon be going the same way as Citi's Chuck Prince, Merrill Lynch's Stan O'Neal, UBS's Peter Wuffli and Wachovia's Ken Thompson, and be forced out of his firm ? Or, like Lehman's Dick Fuld, will he just remain under pressure, but stay at the helm like a wounded man ?
A new EFAMA Report Provides New Statistics and Insights on the European Asset Management Industry.
The Financial Times reports that US federal prosecutors have launched an investigation to establish whether two former Credit Suisse bankers misled clients about the nature of investments in 'auction rate' securities.
Uzair Bawany, Group Managing Director at Contact Recruitment, has launced the firm's first ever interactive Vidcast.
The Daily Telegraph reports that US hedge fund Bridgewater Associates has warned clients that bank losses from the credit crisis could top $1.6 trillion, the highest estimate of losses so far.
Royal Bank of Scotland (RBS) is now moving quickly to show it means business, after 'winning' the battle with Barclays for Dutch bank ABN AMRO.