Someone at Deutsche Bank has clearly got a diary note to make sure that CEO Josef Ackermann comes out on a regualar basis and makes inane comments about the state of the current market turmoil. He was at it again this week.
Ok, so Fred Flintstone lived in Bedrock, not BlackRock, but who cares ? Today, BlackRock's where it's at.
Did you know that many firms, hoping to cut down on operating expenses, are looking at sourcing candidates directly to save money ? Well, we're now helping them do just that.
The pictures of former Houlihan Lokey banking consultant Joshua Persky pounding the streets of New York's financial district trying to get a job sent a shiver up many a spine. Financial markets professionals, aware that we are in the middle of the worst market crisis probably since the 1930s, wondered if they were looking at their own future.
If the rumors are true, then Lehman Brothers CEO Dick Fuld may be about to embark on the biggest (and most daring) trade in his long, and mostly illustrious, career in the financial markets.
German newspaper Handelsblatt has reported that French bank BNP Paribas is one of a number of banks interested in acquiring Dresdner. Citing people close to the discussions, the newspaper says that other interested parties include Commerzbank and an unnamed Russian bank.
Bloomberg reports that the UK's FTSE 100 Index officially entered a bear market last week, closing 22% from last year's high on Friday. This is the UK's 19th bear market since 1918.
The US Securities and Exchange Commission confirmed Sunday that it will be conducting examinations at investment banks, brokers and hedge funds to ensure that they have mechanisms in place to prevent market manipulation via the spreading of false rumors.
Here's Fortune magazine list of the Top 25 banks and securities firms by 2007 revenue.
Here's a note of the Top completed MA& deals of all time.