NEWS

'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

Support Staff Need Not Wait To Get Their Reward

Coz it's now nominations time for Badenoch & Clark's 2009 'Rising Stars' Award.  more

LIFE

Sick City

It appears that in the past 12 weeks, there has been as much as a 20% increase in the number of patients suffering from STDs at The Freedom Health Clinic. In an article in the Times, the clinic attributes this to an increase in reckless behaviour in the City.


  more

The Intern's Perspective

On the first day of my three-month business internship, I met and instantly liked my jaunty and probably ex-Eton boss. I was also introduced to a white board listing the names and roles of the people I'd be working with, including my own - a concept which surprised me, given my coffee making/nail filing preconceptions.  more

The Crunch in Verse

The current crisis comes in many shapes and forms. Now, thanks to Ceedy Girl, it even comes in stanzas.  more

The Best Things in Life are (Still) Free

As market insanity continues, SheerLuxe.com is upping the ante with even more cool things. And with bags, champagne, armchairs and spending money, there's something here for everyone.  more

CAREERS

Jefferies Enhances Emerging Markets Sales and Trading Effort

Firm Continues Expansion of Fixed Income Platform  more

Jefferies Enhances Global Tech and Telecom Investment Banking Effort

Mark Fisher Joins to Head European Tech Practice, Hugh Sandeman Appointed Head of European Telecom  more

Jefferies Significantly Enhances Global Equity Markets Capabilities

25 Equity Sales, Trading and Research Professionals Join in London and Frankfurt  more

Do Leaks Imperil M&A Deals?

IntraLinks and Cass study indicates leaked deals cost time and money, controlling the flow of information crucial to M&A deal completion, over half the deals leaked to the press do not run to completion, premium paid could be 13% lower if deal is leaked, leaked deals take 70% longer to complete.  more