Bloomberg reports that Morgan Stanley is offering its top bankers and traders millions in incentives to stay at the firm. When John Mack returned to Morgan Stanley as CEO 15 months or so ago, perhaps his most important task was to stem the flow of talent out of the firm. That he did, but he clearly wants to make sure that this problem does not resurface.
The Financial Times reports that Citibank has sued the former manager of its Singapore brance, Jonathan Seah, alleging that he e-mailed 149 attachments to a personal e-mail address ahead of leaving the firm for the local UBS private banking operation.
Bloomberg reports that a report published last week predicts that Wall Street's finest will see their US earnings fall away by around 20% in 2007.
Bloomberg reports that Bank of America has agreed to pay $7.5m to settle Manhattan District Attorney Robert Morgenthau's recent money-laundering probe.
And on offer to the winner of this month's Best Loved Hotels Hotels Quiz was a two night stay for two (including breakfast and dinner on one of the days) at the fabulous Lords of the Manor hotel in the Cotswolds.
Here's a brief article written for us by Raj Tulsiani, the CEO of Green Park, a specialist Interim Management company.
The Guardian reports that lawyers are predicting a raft of age discrimination claims are likely to be lodged by middle-aged bankers on the back of the age discrimination legislation which comes into effect in the UK on Sunday.
Here's a run down of the European M&A action from 01.01.05 - 16.11.05. Tables provided by Thomson Financial.
It's not difficult to make a woman happy. A man only needs to be........
CBS MarketsWatch reports that the former head of Citigroup's energy-derivatives trading desk in New York faces up to 5 years in clink, after admitting to falsifying company records in order to obtain a bigger bonus payout.
They are calling it the 'curse' of the Coq D'Argent, the popular French restaurant in the heart of London's financial district, where a third City professional jumped to her death Tuesday evening, from the roof terrace to the ground some 80 feet below. This is the third suicide from the same spot in the last 5 years.
Many employees are fearing the worst, but still hoping for the best as details of latest restructure are unveiled.
President Barack Obama’s estrangement from Wall Street is costing him money in fewer campaign donations even as it is fueling his argument for re- election.