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UK Treasury Statement On Bank Financial Support Plan
Here's the full text of the official announcement by the UK Treasury Wednesday on the bank financial support plan. more
Layoffs - The Definitive Job Loss League Table (The Very Latest)
We've been running a financial markets job losses league table for a few months now, and several readers have asked if we could recast the league table based on the percentage of financial markets jobs lost in the various firms. So, we have. more
The 2008 Best CTO / CIO Poll - Latest Positions
It's now time to vote in the Here Is The City Deep Blue Associates-sponsored 'Best Chief Technology Officer / Chief Information Officer Poll'. more
Staff From 12 Firms Already Nominated For 'Rising Stars'
It's now nominations time for Badenoch & Clark's 2009 'Rising Stars' Award. more
'Their Staff...Were Making A Lot More (Than Ours). That Won't Last'
Bank of America CEO Ken Lewis decided it was prudent to release the bank's third-quarter earnings a couple of weeks early. Profit fell 68% to $1.18bn in the period. In order to get ready for the impending $50bn 'merger' with Merrill Lynch, Lewis also cut the bank's dividend in half, and said that he would be raising $10bn in a common stock offering. He also commented: 'These are the most difficult times for financial institutions that I have experienced in my 39 years in banking'. more
The So-Called 'Greedy' Lehman Bonus E-Mail
Here's an interesting Lehman e-mail exchange that has been unearthed by the media from the material submitted to Congress for the House Commitee on Oversight and Government Reform hearings on the financial crisis (the names of some of those involved in the exchange have been xxx'd out for privacy reasons). more
CenterFuld - Lehman Boss In The Dock
Former Lehman CEO Richard Fuld marched up Capital Hill Monday to give his prepared testimony to the House Oversight and Government Committee, and to answer questions. more
M&A - Top Dogs Around The World
Here's a note of the firms which came out top in countries / regions for the period 01/01/2008 - 30/09/08 (Thomson Reuters data). more
An Oldie, But Goodie During These Difficult Times
Here's something that we've run before. Hope it brings a smile to your face. more
Richard Fuld's Statement To The Congressional Committee (In Full)
Here's the full text of former Lehman Brothers CEO Richard Fuld's prepared testimony for Monday's US House Government Reform Committee hearing. Fuld read it into the record, and then took questions. more
Citi Sues Over Wachovia - For $60bn!
Citi has filed a $60bn lawsuit against Wachovia and Wells Fargo for attempting to subvert the $2.2bn deal it had last Monday (or thought it had) to acquire Wachovia's banking operations. more
Fear Not, There Are Jobs Out There
More financial markets professionals than perhaps ever before will be in career transition over the coming months, seeking new opportunities where few will be available. And, competition for those opportunities will be intense. more
Featured Recruiter - Martin Ward Anderson
Martin Ward Anderson are expert financial markets recruiters, with specialist teams of professionals covering Finance, Operations, Corporate Finance, Debt Capital Markets and Equity Research. more
If Your Firm Was A Monopoly Property.....
Here's a little bit of fun, based on an idea sent in by one of our readers. more
'Never Mind Your Bonus' - The First Here Is The City Book
Coming soon - our first Here Is The City book. A great stocking filler for Chirstmas (and cheap, too, for all you cash-strapped bankers). more
Top Firm Accused Of Bringing Down Lehman
The Sunday Times reports that JPMorgan has been accused of forcing Lehman Brothers into liquidation by allegedly freezing some $17bn in cash and securities belonging to the Wall Street firm on the Friday night before its bankruptcy the following Monday. more
Top Boss Says Bonuses Will Be 'Solid', But 'Smaller'
Reuters reports that UBS Chairman Peter Kurer told Swiss newspaper Sonntag on Sunday that his firm would pay 'solid' bonuses this year, but that 'our employees know that the total bonuses at the bank, from top to bottom, will inevitably be smaller'. more
Hedge Fund Makes Single $2.5bn Winning Trade
The New York Post reports that Philip Falcone's Harbinger Capital has made a single winning bet of $2.5bn shorting Wachovia. more
'This Was As Cogent A Case Of Murder As Might Be Imagined'
Nancy Kissel, who admitted drugging her wealthy husband, Robert, a senior executive working for Merrill Lynch in Hong Kong, and then beating him to death with a metal ornament, has lost her appeal against the life sentence she received in 2005. more
source: Here Is The City News
