'Merrill Lynch Left Us On The Streets'
More in BUSINESS NEWS
back-up- Top Firms Finally Hit By H1N1 Threat
- Top Firm Caught Out By Rogue Traders
- 'It's Not As If They Paid Great Bonuses In The First Place!'
- Top Firm Chain Letter
- Sisters Are Doing It For Themselves
- Dear All - 'I Am Not Interested' In Bank of America Job
- Bank of America, BNP Paribas, Goldman, JPMorgan, Galleon Group
- Old Traders Never Die - The Seance
- Click Here To Register For Free News E-Mail Alerts
- Speculation Mounts About Goldman's Bonus Plans
- Top Boss Tells Church Crowd 'Profit Is Not Satanic'
- Your Views On Bonuses (Poll Results)
- Bank of America 'Is Not A Monarchy'
- Bankers Will Have The Last Laugh On Pay
- 'There Aren't Many People Who Think Charlotte Is A Major Financial Center'
- Top Firm Delivers 'Another Big Disappointment'
- Bank Of America CEO Poll - Incredible Result
- Scruffy Civil Servant Warns Tax Dodgers
- BofA Said To Have Got Another Turn-Down
- Interview With Bernie Madoff
- Top Firm Dismisses Talk Of Further $10bn Writedown
- The Average British Soldier
- Top Firm Puts More Aside For Staff Compensation
- Firms On Alert As Insect 'Infestation' Crashes PC Networks
- Register Now For Free 'Old Traders Never Die' Updates
- Secretary Geithner's Written Testimony On Reform Of Financial System
- ISITC Europe Successfully Introduces New Operating Structure
- Dumb & Dumber - Incredible Details About Lehman Weekend Revealed
- The Cityboy Column
- The Man Bank of America Should Hire As CEO (But Won't)
- Goldman Needs To Give Away $1bn
- Top Firms Said To Have Lost $400m On Hedge Fund
- H1N1 Flu - Have You Got It ? (Quick Test)
- H1N1 Bank Call Center Transcript (You Couldn't Make It Up)
- 'It's Just No Fun Anymore!'
- Top Firm CEO Says He Won't Poach Staff From Rivals
- 'I Hate Recruitment Consultants' - Reader Comments
- Bohemian Bankruptcy
- 'I Hate Recruitment Consultants'
- Mack Attack - The Moment Big John Hit Back
- Compliance Training ? 'The Biscuits Were Good'
- Banker, Hire Thyself
- IT Recruitment - The Smart Way
- And Wall Street's Top Athlete Is...........
- John Mack On Saving Morgan Stanley
- Bankers Taught How To Be Killing Machines
- Banks Given Five More Days To Justify Bonuses
- Billionaire Madoff Investor Found Dead In Swimming Pool
- Top Bailed-Out Execs Averaged $18m Each In 2008
- The Vic Daniels Column - 26/10/09
Related Content
- FBI Said To Be Investigating Merrill Lynch Acquisition (21/09/2009)
- Merrill Lynch Claims 'Recruiters' Hatched 'Nefarious Plot' (16/09/2009)
- 'He Was Left A Shell Of A Man - Broken Down & Without A Family' (09/10/2009)
- Merrill Staff Applaud At Least One BofA Initiative (04/09/2009)
- Former Merrill CEO Wishes He'd Gone To Ikea! (18/09/2009)
- BNY Mellon, Barclays, BlackRock, BofA / Merrill, Deutsche, Jefferies, State Street (21/10/2009)
According to the newspaper, Godhania, 45, sold his house in London, gave away his dog and moved his family to the US (he has a wife and two young children) in 2006 following a promotion. The IT professional claims that his 9-week severance is running out, and that his visa is now void as he has no job. He says that Merrill has refused to pay the family's $10,000 moving expenses (to get them back to the UK) and has provided no contribution for the airfare required to get them home. Mrs Godhania is quoted, saying: 'Merrill Lynch left us on the streets. I'm just so angry and scared. What the hell is going to happen to us'.
The Sunday Telegraph reports that the sale of iShares (Barclays' ETF business) has given rise to speculation that the bank will now listen to offers for the remainder of its Barclays Global Investors unit. iShares was sold to hedge fund CVC Partners in a $4.4bn deal last week.
The Times reports that Karam Butalia, the former global head of private equity at Standard Chartered, received a $23.4m pay packet last year, making him the highest-paid employee at a UK bank. The newspaper looks to have forgotten Barclays' Roger Jenkins, the man who heads up the bank's Private Equity and Principal Investments business. Although Jenkins will probably not get the $110m is is thought to have bagged a couple of years back, he is thought likely to have comfortably bested Butalia's $23m in 2008.
The Financial Times reports that Nomura is moving several key management and strategic business roles to London, as it continues to believe that the City will remain Europe's pre-eminent financial centre. The newspaper quotes Hiromi Yamaji, the CEO of Nomura International, who said: 'If you stay in Japan, you just focus on Japn. You become immersed in the Japanese perspective. That is easy because you can communicate in Japanese, but, if you do that too much, you lose global perspective'.
And The Wall Street Journal reports that Goldman Sachs is putting together a $5.5bn limited partnership in order to acquire private-equity investments at a discount on the secondary market.
Finally, the newspaper also reports that HSBC is looking to raise around $4bn by the sale and lease back of three major properties - its Canary Wharf (London) HQ, and offices in Paris and New York.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
