Staff at Dresdner Kleinwort are being given the opportunity to bid for some of the old Kleinwort Benson family heirlooms. It seems that the antique maps, sofas, desks, time-pieces, tapestries and paintings that graced the firm's London Buildings in Fenchurch Street and Swan Lane will look somewhat out of place in the brave new world over at Gresham Street.
Global announced M&A volume with a rank value of up to US$500m reached $367.8bn during the first half of 2006, a 9.6% increase on the same period 12 months before.
Indian state-run bank employees are due to strike on July 28th - again (yes, they like the odd strike over there). Workers, it seems, are miffed about a few issues (including the fact that there are 100,000 vacancies at state-run banks, and yet the government is said to have done hardly any recruitment for years!), but one issue above all others catches the eye.......
A lot of talented players. A decent name. A proud history. A foreign 'coach'. And long-overdue a good performance. The England football team ? Yes (at least while Sven was in charge), but that description could also apply to serial underachievers Credit Suisse.
Wachovia is joining the pack, and emulating those other consumer banks that have successfully made the transition into investment banking.
Here Is The City teamed up with recruiters Badenoch & Clark to offer our users the chance to win prizes in a series of World Cup competitions.
Former Enron boss Ken Lay was finally at rest Sunday. He was cremated after a private service in Colorado, where he died of a heart attack last Wednesday. His ashes will be taken to Aspen.
Hank Paulson is to be sworn in as US Treasury Secretary Monday, and is cashing in around $488m of Goldman shares to comply with White House conflict-of-interest rules. But firm staff shouldn't worry that their bosses don't have a big stake in the business, as the new crop of senior executives have a fair old share of the spoils.
Bank of Scotland Investment Service has just released research on the performance of FTSE stocks over the last 10 years. Here's a couple of interesting tables:
Here's a couple of Thomson Financial's bookrunner league tables for the period 1/1/06 - 30/6/06:
Barclays was in a 'state of denial' about its dealings with regulators, according to Sir Mervyn King, Governor of the Bank of England, as he came under fire from MPs on Tuesday during the latest bout of accusation and counter-accusation over the Libor scandal.
Costs are king.
The business deal from hell began to crumble even before the Champagne corks were popped.