We've been trying to find the person who has put in the longest continuous service at one firm (allowing for mergers) in the financial markets. Out front by almost 25 years is the legendary Al Feld, a 93-year-old Goldman veteran, who is approaching his 75th anniversary with the firm!
Here's a little something sent in by one of our readers, a back office professional.
Now in this time of asset writedowns, Credit, you'd think, would be King. Not so, so our sources tell us, over at UBS's US Wealth Management Division.
We often get e-mails in from our readers, and our Editor tries to reply to every one of them. Sometimes the exchanges are quite amusing. Here's a couple that came in this week:
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.
No, not us!
European Union lawmakers clinched a deal on jail sentences for market manipulation and insider dealing, giving judges the power to send the worst offenders to prison for at least four years.
The company behind the ubiquitous iPhone and iPad is famously secretive, but there a few little known facts about the California-based company.