Whilst we don't normally comment on sport, England's ignoble exit from the European Championship Wednesday has prompted us to give some space to any reader who might be interested enough to post their views on this debacle.
Well even Goldman can't have it all its own way. Even the illustrious Wall Street firm, which has thrived and prospered this year while most rivals have stumbled, has a weak spot. And, yes, it's that once-$10bn flagship Global Alpha hedge fund.
Here's just another brilliant example of how men think on their feet...... how fortunate the women in our lives are!
Julian Usher from search and selection firm Gibson Rose.
Now here's a couple of REAL 'movers & shakers'.
Bloomberg reports that ousted Bear Stearns President Warren Spector, the man once tipped to take over from CEO Jimmy Cayne, walked off with $23m in stock stock and options after being made the fall-guy for the firm's hedge fund problems in the summer.
Here Is The City is very much 'in vogue' - and here to stay. For 6 years now we have been banging out our e-mail alerts and delivering our unique blend of news, views and humorous content to those who work in the global financial markets. Our 54,600 registered users include CEOs of major firms and their senior executives, right down the food chain to junior office support staff. No other on-line media outlet interacts with such a diverse reader base in the way that we do.
Here's our usual list of how the top firms did on the profit front in the third-quarter. We have taken ABN AMRO out - now that it is being merged with Royal Bank of Scotland and the rest.
Shares in Citigroup fell 6% Monday, after Goldman analyst William Tanona came out and recommended that clients sell Citigroup shares as he expected that the firm would need to take a total write down in CDOs of around $15bn in the third and fourth quarters. The firm has already indicated that it will take a loss of between $8bn - $11bn on these positions, and Tanona estimates that that the loss will end up significantly higher.
Here's an update on the rich bank-seeker item we ran a few weeks back. The 'comeback' response from the 'original poster' is immediately after the investment banker's comments.