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And that's according to New York City Mayor Bloomberg, who, says The New York Post, was responding to complaints from Goldman executives that there won't be enough anti-terror personnel around to protect it. Apparently, under the terms of Goldman's contract with the City, additional security guards were to be provided, 'and the state was (to be) in charge of 'security infrastructure such as blockades, surveillance equipment and guard stations'. Goldman is said to now be angry that the City is apparently backtracking on the deal'.
In the meantime, The Sunday Telegraph reports that Andrew Docker, the former global head of securities, finance and synthetics over at Rabobank in London, is the latest in a long line of City bankers who are suing over unpaid bonuses. The trader is looking for $2.5m.
And Bloomberg reports that CLSA Asia-Pacific Markets, Credit Agricole's regional brokerage unit, is to expand its workforce by 200 (15%) in 2010, and will introduce a new 12-month incentive plan in October, to compensate staff for having to take salary cuts of up to a third earlier this year.
Reuters points out that there are press reports in Russia which claim that Bank of New York Mellon might be prepared to lend up to $4bn to Russia as part of an out-or-court settlement of a multi-billion dollar money-laundering lawsuit Russian authorities have filed against the bank.
Finally, The New York Post reports that the FBI is probing allegations that two auctioneers fraudulently claimed that artwork they were selling belonged to victims of Bernie Madoff. The purchasers of the art are said to have received 'junk' for their money, and the auctioneers, Dominic Briscoe and Asher Milchman, have been accused of 'using the Madoff scam to sell this junk'.
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