One of the themes to emerge from the recent reporting season among the investment banks was how insignificant the fees they generated through advisory services had become... more
IT was a somewhat louche lunch that showed signs of deteriorating. In between being mocked for my bonusless life and various other things that are wrong with me, I asked the two City traders this: Do you understand what the guy sitting next to you does all day?
... more
Banking: Bank of America has made John Thain - who as Merrill Lynch chief engineered the firm's sale - head of investment banking, securities and wealth management at the new company... more
What must it be like being Hank Paulson? One minute you’re the head of Goldman Sachs, surrounded by some of the smartest people on the planet, and the next...you’re trying
to explain the economic crisis to George Bush... more
Banking: Merrill Lynch chief executive John Thain and his head of trading could pocket $47 million (£26.1 million) if they leave the bank, or take lesser roles under Bank of America ownership... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
Morning:
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