Skip Navigation

The Latest Business & Financial Markets News And Views

BUSINESS NEWS

Register for FREE E-Mail Alerts

Top Firm Dismisses Talk Of Further $10bn Writedown

last updated: 1 November 2009
advertisment

More in BUSINESS NEWS

back-up
more
Joslin Rowe - Feb 09
Talking Works - July 09
CNBC reports that Citigroup says that it has no idea how CLSA analyst Michael Mayo has come up with a calculatioon that the firm may need to take additional writedowns of up to $10bn in deferred tax assets.

And Bloomberg reports that Barclays Capital will officially make a return to European equity trading this week, 12 years after selling BZW. The news agency says that the firm will have hired over 750 equity staff in 2009 for EMEA and Asia.

In the meantime, The Financial Times reports that Macquarie has reported a 21% fall in its first-half profits (for the 6 months to the end of September) to $435m.

And The New York Times DealBook column reports that JPMorgan Chase CEO Jamie Dimon leads the Wall Street pack with 6 visits to The White House since President Obama's election. Edward Yingling, President and CEO of the American Bankers Association and billionaire financier George Soros come in next with 4 visits each.

The Times reports that fund manager Nicola Horlick is said to be in negotiations with Aberdeen Asset Management for the sale of her contract to manage Bramdean Alternatives, apparently Bramdean's most valuable piece of business.

Finally, The New York Post reports that US regulator The Securities & Exchange Commission has released thousands of documents in connection with the Madoff affair. Included is a transcript of an interview with Bernie in clink last June, in which the fraudster says that he wishes the regulator had caught him years ago. So do a lot of people, Bernie.

Please use the 'E-Mail' button immediately under the article title to send this item to a friend.

Press here to comment on this story >>

Today in Life: So Londoners Are Nice After All >>

DirectConnect Hiring Firms
Kennedy Pearce - March 09
DirectConnect July 08
FCA Global Recruitment - April 08

What's On.....