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Goldman Loses Money On More Trading Days Than Rivals

Bloomberg reports that Goldman Sachs lost money on more trading days during the first quarter than its main rivals. The firm lost money on 17 days, compared to 8 days at Morgan Stanley and 7 at Lehman Brothers. But Goldman came good making more than $100m on 28 trading days during the first-quarter, compared to 20 days at Morgan Stanley. Lehman made more than $90m on 13 days during the period.

City Job Vacancies On The Fall

No surprise to learn that the Morgan McKinley Employment Monitor for March has revealed that the number of City job vacancies has fallen some 25% on March 2007. It's also taking candidates 11 more days on average to find a new role (now just over 60 days).

Calls For Deutsche Bank Split Will Be Ignored

The Financial Times reports that two high-profile shareholder activists, academics Ekkehard Wenger and Leonhard Knoll, have called for Deutsche Bank to spin off its investment bank within 2 years in the interests of shareholders.

More Market Gossip

The New York Post reports that concerns are growing that many of the 40 disabled workers employed by Bear Stearns in New York may lose their jobs as the firm merges with JPMorgan. Bear has long been recognised as a firm that does its bit for the disabled, being honoured with Title 1 of the ADA Employment Award in 2006 for its commitment to hiring staff with disabilities.

Was 'Inbreeding' The Cause Of Top Firm's Woes ?

NZZ am Sonntag newspaper recently interviewed Eugen Haltiner, the President of the Swiss Banking Commission, who described the losses incurred by UBS as 'extraordinary' (the bank has written-down some $38bn-odd of assets over the last 9 months or so, and reported a $11.86bn loss in the first-quarter). Haltiner, however, said that he was confident that 'these (losses) can be absorbed with a timely re-capitalization (and)....that we can hope for a stabilization'.



Barclays Building Sign

Big Management Changes At Barclays

Barclays has announced changes senior management within Corporate and Investment Banking, Wealth and Investment Management, and Barclays’ business in the Americas .