The Wall Street Journal reports that, after a 'disappointing' first-half, Dutch bank ABN Amro is to accelerate its current cost-cutting programme.
Dow Jones Newswires reported last week that Commerzbank has come out and confirmed that it is happy with its derivatives business. Rumours had been circulating that the business may have been in trouble.
The Times newspaper, in association with Aurora (a company that helps large organisations market their employer brand and job vacancies to women), has compiled a Top 50 list of businesses where women want to work in the UK.
Sandy Weill, the man who created Citigroup, has his autobiography out. 'The Real Deal' is published by Barnes & Noble.
The big news in the City Tuesday was the suspected fare dodger who was allegedly 'throttled' by a ticket inspector after making a run for it when asked for his train ticket. He was apparently minding his own business and waiting on the platform for a train when the inspectors pounced.
The US Congress did the dirty over the weekend, and tacked new gambling legislation onto a Port Security Bill, in a bid to curtail online betting in the country. As a result, billions have been lopped off the market value of some of the UK's online gambling companies. And firms like BlackRock, Fidelity and New Star Asset Management are said to have sustained paper losses running to several million dollars.
The Financial Times reports that Morgan Stanley star Asia-Pac economist, Andy Xie, who resigned from the firm last Friday for 'personal' reasons, may well have left over the contents of an internal e-mail he sent to colleagues.
Here's a run down of worldwide M&A action from 01.01.2005 - 16.11.05. Tables provided by Thomson Financial.
Here's are 3 Thomson Financial IPO league tables for the period 01.01.2006 - 30.09.2006:
Here are a couple of Thomson Financial league tables for global debt & equity for the period 01.01.2006 - 30.09.2006:
'I'm 43 now, but when I was 22 I too walked away from banking to pursue my dream - which was to be a stand up comedian. After about a year, however, the 'reality' of my new life started to dawn on me...
UBS was aware of a $3.6bn discrepancy in the trading accounts of alleged rogue trader Kweku Adoboli six weeks before he told the bank about his trading losses, a London court heard Tuesday.
Amid all the noise from Barclays and others about changing the culture of banking – and the way staff are paid – there is one bank that has not handed out bonuses for 40 years.