BreakingViews reported last week that Goldman Sachs was taking 'a 'pause' on hiring that goes beyond the usual seasonal summer slowdown'. Having said this, the firm is still expected to increase headcount by high single-digits this year.
The Royal Bank of Scotland consortium (featuring Fortis and Santander in supporting roles) has finally placed its offer to acquire Dutch bank ABN AMRO on the table - and it comes out at $95.6bn. ABN will be broken up should the consortium offer be successful. And detailed below is a list of how the consortium will share the spoils.
The Daily Telegraph reports that buy-out firm Blackstone plans to hire 'dozens' of investment bankers to work in the company's corporate advisory business in Mayfair.
An inquest into the death of former Royal Bank of Scotland (RBS) banker Neil Coulbeck last week found that he had killed himself while the balance of his mind was disturbed. Coulbeck, 53, was found dead in a London park in July last year. He had slit his wrists.
And Goldman Sachs is no longer the world's largest hedge fund. At least that's according to Alpha magazine's annual industry ranking league table. JPMorgan jumped 23 slots to grab top slot.
Reuters reports that rumours have been circulating that HSBC might be interested in having a run at Dutch bank ABN AMRO.
Bloomberg reports that, some 6 weeks after surviving a car accident in which he wasn't wearing a seat selt, former Goldman co-CEO (and current New Jersey Governor) Jon Corzine has admitted on US public service television that he shouldn't really be around.
Barclays announced last week that its profit before tax in the first quarter was up 15% on the same period 12 months ago. And the star performer, as usual, was Barclays Capital, which has just enjoyed its best ever quarter.
The Evening Standard's 'CitySpy' column ran a gem of a story about Goldman Sachs earlier this week, and Here Is The City decided to do some investigating.
There will clearly be some nervous staff over at Dutch bank ABN AMRO. As the company board goes about the process of selling itself / merging in the same manner it has operated the bank for the past 6 years (in a muddled and inefficient way), some of the firm's staff, especially those working in the investment bank, will be eyeing the exits - but they don't really have much choice about where they can move to next.