Mass Defection At Once-Top Firm
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According to the newspaper, around a third of office staff, including 20 key managers and 50 support staff, have resigned in recent months. Some are believed to have made a move because they are unhappy with their bonus prospects.
And The Guardian reports that 70% UK government-owned RBS has agreed to publicly exhibit some of the 2,200 pieces of British art it owns (it is believed to own one of the largest collections of corporate art in the UK). According to the newspaper, the bank is in discussion with 'museums and art experts' about possible loans and exhibitions.
In the meantime, Bloomberg reports that France's Aforge Finance SAS has asked a Dublin court to order HSBC to explain what happened to around $80m which was lost in a Bernie Madoff-linked investment.
And finally, The New York Post reports that Bernie got into a 'tussle' with a fellow inmate (in a row over the stock market), and actually came out on top. The Ponzi master's street cred is apparently sky-high as a result.
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