Barclays, HSBC, Chelsea Clinton, Jamie Dimon, M&A

The Wall Street Journal reports that Barclays Bank has settled its legal spat with Enron's bankruptcy estate. The UK bank will pay $144m to settle (but denied wrongdoing), 'as it was prefereable to the time expense and unpredicability of litigation'. Barclays will still be able to pursue $310m of its own claims against Enron in the bankruptcy proceedings.

Reuters reports that Chris Rodgers, who heads up UK equities at HSBC's active fund management unit Halbis Partners, is on his way. Rodgers, who joined HSBC in 2003, is thought likely to leave before the end of the year.

The Times reports that two former Goldman executives have set a new record high for a hedge fund listing. Emmanuel Gavaudan and Emmanuel Boussard, who left the Wall Street firm four years ago to set up hedge fund Boussard & Emmanuel (B&G), raised $562m via IPO last week. According to the newspaper, B&G has achieved compound growth of more than 8% in its first three-and-a-half years.

The Financial Times reports that Chelsea Clinton (yes, Bill and Hillary's daughter) has left McKinsey & Co, and has joined hedge fund Avenue Capital Group. Morgan Stanley acquired a minority stake in the firm just last week.

The New York Daily News reports that Jamie Dimon, JP Morgan Chase CEO, looks set to replace his old mentor Sandy Weill as Director at the Federal Reserve Bank of New York. If elected (as expected) Dimon will become a Class A director, representing the 10 Group 1 member firms, a group which includes both Citigroup and JP Morgan.

Finally, The New York Times 'Deal Book' column reports that, according to respected Merrill Lynch analyst Guy Moszkowski, the pipeline for M&A fees has hit a third consecutive monthly high - fees that firms are due to collect on deals announced, but not yet done, hit the $9bn mark in October.

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