The market turmoil has moved into a new phase over the last few days, as yet more hedge funds look to be on the brink or have halted withdrawals.
When news broke a few weeks back that Societe Generale's $7.1bn rogue trader was one Jerome Kerviel, 10 of his 11 'friends' detailed on the social networking site Facebook quickly deleted their names. The only one who didn't, Manuel Zabraniecki, has now been identified in the media as the latest person to be detained by French police, as investigating judges follow the evidence in the SG rogue trading affair.
Are middle office folks (those product controllers, compliance types and risk management professionals) taken for granted ? Some feel that they are.
Stockholm-based market research firm Potential Communinications surveyed MBA students and recent graduates in order to compile its third annual list of the best company career portals. Here's the Top 30:
The news that Lehman Brothers is likely to lay-off another 1,400 staff, or around 5% of its workforce, will send shivers down the spine of any professionals who currently work in investment banking.
Bloomberg reports that Bear Stearns has come out and denied a rumour that started to spread around the market Monday that it was insolvent, and that it was running out of cash.
Bloomberg reports that Louis Friedman, the chairman of M&A over at Bear Stearns, is leaving to join merger arbitrage firm P.Schoenfeld Asset Management.
Here's a note of the firms which came out at the Top in our 2007 Recruitment Awards:
Here's a note of the firms that you voted to the top postions in the main categories in our recent 2007 Recruitment polls:
What do you think your firm would do if you painted a picture of it that was less than flattering ? Oh, and you happened to provide details of a bit of laddish behaviour, a touch of racism and the odd drunken exploit to a journalist, who subsequently wrote up a piece which appeared in the national media. Would it come as a surprise to you if you were subsequently asked to leave ?