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Bank Tells Staff To Knock Off Early To Make Babies

Tokyo - The Times reports that Japan's Mitsubishi UFJ Financial Group, described as the country's 'most austere' banking business, is telling its staff to pack up almost two hours early each day this week in order to go home and have some 'family time'. more >>

Office Humour - Warning, Some May Find This Offensive

Here's a little something sent in by one of our readers. more >>

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1 Year Ago

Big Merger A Possibility As Top Firm's Board Meets To Discuss Crisis
Citigroup's continued to get hammered Thursday, closing below $5-a-share, despite confirmation that Saudi billionaire Prince Alwaleed bin Talel, the company's largest individual shareholder, plans to increase his stake. The Prince said that he retained the full confidence in existing management and firm CEO Vikram Pandit (although he said that about former CEO Chuck Prince at one stage too. Soon after, Chuck was chucked). more >>
Job Loss Tally Increases As More Firms Wield Axe
Firm Says More Staff Than Before Will Get No Bonus
Top Firm Drops $9bn In One Day

2 Years Ago

Goldman's Achilles Heel
Well even Goldman can't have it all its own way. Even the illustrious Wall Street firm, which has thrived and prospered this year while most rivals have stumbled, has a weak spot. And, yes, it's that once-$10bn flagship Global Alpha hedge fund. more >>
More Problems For Top Firm After $15bn Write-Down Call
Top Firms Said To Be Takeover Targets
Top Firm To Hire 1,500 In 2008

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John Thain Defends Wall Street Bonuses

Former Merrill Lynch CEO John Thain pointed out at the Reuters Global Finance Summit in New York this week that senior staff receiving a large part of their compensation in deferred equity didn't prevent the failure of either Bear Stearns or Lehman Brothers. more >>

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Lazard Names New CEO

Lazard Ltd has announced that its Board of Directors has appointed Kenneth M. Jacobs, age 51, as Chairman of the Board of Directors and Chief Executive Officer, effective immediately. Mr. Jacobs, formerly Chief Executive Officer of Lazard North America, succeeds Lazard Chairman and CEO Bruce Wasserstein, age 61, who passed away October 14, 2009. more >>

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