Reuters reports that Toronto Dominion will take a pretax charge of $94m following the discovery that a senior trader at its London securities unit mispriced his credit derivatives book.
Here's a note of which firms topped the Thomson Reuters M&A league tables around the world in the first half of 2008.
I don't travel much on the tube (that's the subway for our US cousins) these days. But I did today.
Here's the Thomson Reuters M&A league table for any European involvement (announced deals) for the first-half of 2008.
I feel I had to write in and comment on your recent item 'Women Aren't Made To Get To The Top'. Here's my male perspective:
Here's a Youtube clip of Cityboy's exploits at Glastonbury last weekend. Please use the 'Comment on this story' button below to let us know what you think.
Bloomberg reports that, according to 'two (unnamed) people with knowledge of the matter', JPMorgan is axing 10% of its European investment banking staff due to the fall-off in M&A activity. Dealogic figures show that M&A activity in Europe, Middle East & Africa has fallen around 42% this year so far compared to 2007.
UBS came out Friday and gave us a quick estimate of its Q2 profits. Bottom line is that the investment bank lost more money in the period (although the firm didn't specify the likely asset writedown number, which has been put as high as $7.5bn), but that a tax credit of $2.9bn and profits from the company's wealth management and asset management units means that second-quarter earnings are likely to be 'at or slightly below break-even'. The bank also said that there is no current need to raise additional capital.
Here's Mergermarket's H1 2008 Top 20 League Table of Legal Advisers to Global M&A.
Here's a couple of Thomson Reuters Global Equity & Equity-Related league tables for the first-half of 2008.