DrKW - Dressed To Kill
advertisment
More in BUSINESS NEWS
back-up- Don't Be Fooled - Firms Are Hiring
- Analysts Predict More Asset Writedowns At Top Firms
- Janus, JPMorgan, Merrill Lynch, Morgan Stanley, UBS, Wachovia
- Top Firm 'Could Bleed To Death Slowly'
- Has Cityboy Finally Lost The Plot ?
- Lying On CVs Is On The Increase
- Cazenove, Citi, Credit Suisse, Goldman, Hedge Funds
- Fidelity, Macquarie, Jefferies, Royal Bank of Scotland, Schwab, Wachovia
- Best Graduate Recruitment & Development Programme Awards - The Qualifiers
- Bodean's BBQ Competition - The Winners
- Welcome To Our Firm - You're Fired!
- Top Firm's Board Urged To Break-Up The Empire
- Click Here To Register For Free News E-Mail Alerts
- Merrill Pay Ruck, Grounds Private Jets To Save On Costs
- Pandit Or Thain - Who's Doing The Best Job ?
- Time To Get Things Into Perspective..........
- Graduates - Lambs For The Slaughter
- BofA Comes Good, Hedge Fund Killing, Bonuses
- JPMorgan, Bear, Barclays, Dresdner, Aberdeen, HSBC
- The Credit Crunch Christmas Party
- Worried About Being Laid-Off ? Don't Be - Here's Why...
- Firms Signing Up For Free Access To Global Candidate Database
- You've Gotta Sing This - Probably The Best Market Ditty Ever
- Hedge Funds Bag New COLOSTOMY Product
- The CDO Song
- CDOs - The Complicated Song
- Market Meltdown - Video Nasty
- A Few Good Men 'Cost Control' Video
- Give Me A Job - The Most Amazing Job Application Ever
- The 'H-E-D-G-E' Song
- So, What Exactly Is 'Subprime Lending' ?
- 'I Got Laid Off & It Hurt Like H.ll'
- His Phone Rang & We Knew He Was Toast
- The Bear Stearns Golfing Song
- Is Your Firm 'In Vogue' In This Credit Crunched World ? (Updated)
- Good As Goldman ?
- Merrill Posts Big Loss, More Writedowns Expected
- Deutsche's Boss Has Been At It Again
- Thain Gets Testy As Merrill Writes Down Another $9.75bn
- Yabba-Dabba-Doo! It's The Finkstones (BlackRock On Top)
- Possibly The Most Daring Trade Of All Time ?
- Doubts Over Pandit, Trouble At Deutsche, RBS & UBS
- BNP Could Buy Dresdner, Credit Suisse Boss Defends 'One Bank'
- Big Boss Goes - Another One Bites The Dust
- The Latest On The Market Turmoil
- US Regulators To Clamp Down On Spread Of False Rumours
- Fortune's Top 25 Banks / Securites Firms By 2007 Revenue
- The Top 12 Completed M&A Deals
- Job Co.k-Up Causes Right Old Stink
- The Art's Gone, The Jet's Gone - It's All Gone
Related Content
They say that investment banking is a dog-eat-dog world, and most bankers eat what they kill. Well, those bankers at DrKW have joined the 'smartly-dressed' club. The firm's leaders have decided that, in the brave new world (DrKW has just moved into flashy premises in Gresham Street), employees will think smart, act smart and look smart too! With immediate effect, smart casual dress will only be allowed on Fridays. Suits and ties are back in vogue the rest of the week.
In the meantime, Allianz's first-quarter figures are out, and the headline numbers for the corporate & investment banking division, which includes DrKW, look good. Operating revenues are up 29%, with operating profit coming in at $338m - an increase of 145% on the same period last year. The firm's cost income ratio also improved from 80.3% to 76.3%.
The interim report, published today, reveals that revenues from M&A and IPO business more than doubled, with 'substantial' growth in equity and FX activities. Structured finance also put in a strong performance in the period.
