Every year research firm Universum surveys MBA candidates for Fortune magazine on where they'd most like to work. Here's the Top 20:
The Wall Street Journal reports that UBS is to close down its Dillon Read Capital Management hedge fund, which was launched a couple of years back, after it sustained first quarter mortgage securities trading losses of around $150m.
Reuters reports that British activist hedge fund investor TCI has called on ABN AMRO's Supervisory Board to take over full responsibility for the sale of the Dutch bank and to fire CEO Rijkman Groenink.
A double whammy over at JPMorgan Chase this week.
Here's an example of a decent corporate ad - especially if you are into football. Not sure what they are on about exactly, but we get the general idea!
Private Equity International magazine has published a list of the most prolific fundraising private equity firms since February 2002.
Reuters reports that French firm BNP Paribas has formed a joint venture with National Bank of Canada, offering hedge fund managed accounts. The French bank has aquired a stake in National Bank of Canada's Innocap Investment Management, a unit which specializes in hedge fund managed accounts and advises on in excess of $2bn in assets.
Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.
It was in September last year that Anthony Compter, then the CEO over at Bank of Montreal, made the boast that his company 'is unquestionably a world leader in balancing risk and returns'.
The Financial Times reports senior Citigroup executives fear that their company could go the same way as Dutch bank ABN AMRO - thrown to the wolves and broken up in the name of shareholder value at the hands of activist hedge funds.