The latest news from Here Is The City News - The Fastest Growing Business & Financial Services News Service For London http://news.hereisthecity.com en-gb Tue, 07 Oct 2008 15:22:04 +0100 http://news.hereisthecity.com/media/rss_logo.gif http://news.hereisthecity.com Bank of America CEO Ken Lewis decided it was prudent to release the bank's third-quarter earnings a couple of weeks early. Profit fell 68% to $1.18bn in the period. In order to get ready for the impending $50bn 'merger' with Merrill Lynch, Lewis also cut the bank's dividend in half, and said that he would be raising $10bn in a common stock offering. He also commented: 'These are the most difficult times for financial institutions that I have experienced in my 39 years in banking'. http://news.hereisthecity.com/news/business_news/8316.cntns Business News Tue, 07 Oct 2008 08:56:24 +0100 Here's an interesting Lehman e-mail exchange that has been unearthed by the media from the material submitted to Congress for the House Commitee on Oversight and Government Reform hearings on the financial crisis (the names of some of those involved in the exchange have been xxx'd out for privacy reasons). http://news.hereisthecity.com/news/business_news/8318.cntns Business News Tue, 07 Oct 2008 09:28:47 +0100 Coz it's now nominations time for Badenoch & Clark's 2009 'Rising Stars' Award. http://news.hereisthecity.com/news/business_news/8305.cntns Business News Sun, 05 Oct 2008 12:24:15 +0100 Former Lehman CEO Richard Fuld marched up Capital Hill Monday to give his prepared testimony to the House Oversight and Government Committee, and to answer questions. http://news.hereisthecity.com/news/business_news/8319.cntns Business News Tue, 07 Oct 2008 09:48:55 +0100 It's now time to vote in the Here Is The City Deep Blue Associates-sponsored 'Best Chief Technology Officer / Chief Information Officer Poll'. http://news.hereisthecity.com/news/business_news/8279.cntns Business News Sun, 28 Sep 2008 11:17:37 +0100 Here's a note of the firms which came out top in countries / regions for the period 01/01/2008 - 30/09/08 (Thomson Reuters data). http://news.hereisthecity.com/news/business_news/8314.cntns Business News Mon, 06 Oct 2008 16:55:31 +0100 Here's something that we've run before. Hope it brings a smile to your face. http://news.hereisthecity.com/news/business_news/8320.cntns Business News Tue, 07 Oct 2008 10:44:21 +0100 Here's the full text of former Lehman Brothers CEO Richard Fuld's prepared testimony for Monday's US House Government Reform Committee hearing. Fuld read it into the record, and then took questions. http://news.hereisthecity.com/news/business_news/8317.cntns Business News Tue, 07 Oct 2008 09:18:21 +0100 Citi has filed a $60bn lawsuit against Wachovia and Wells Fargo for attempting to subvert the $2.2bn deal it had last Monday (or thought it had) to acquire Wachovia's banking operations. http://news.hereisthecity.com/news/business_news/8315.cntns Business News Mon, 06 Oct 2008 19:41:39 +0100 More financial markets professionals than perhaps ever before will be in career transition over the coming months, seeking new opportunities where few will be available. And, competition for those opportunities will be intense. http://news.hereisthecity.com/news/business_news/8263.cntns Business News Tue, 23 Sep 2008 05:38:49 +0100 Martin Ward Anderson are expert financial markets recruiters, with specialist teams of professionals covering Finance, Operations, Corporate Finance, Debt Capital Markets and Equity Research. http://news.hereisthecity.com/news/business_news/7610.cntns Business News Fri, 29 Feb 2008 15:41:36 +0000 Here's a little bit of fun, based on an idea sent in by one of our readers. http://news.hereisthecity.com/news/business_news/7183.cntns Business News Mon, 22 Oct 2007 18:22:59 +0100 Simply click the grey and pink register button (above and right) and insert your e-mail address in the email box (and hit the 'register' tab) to register for free News e-mail alerts. Note that your e-mail address will not be used for any other purpose, nor will it be provided to any third party. http://news.hereisthecity.com/news/business_news/6639.cntns Business News Thu, 29 Mar 2007 12:14:25 +0100 Coming soon - our first Here Is The City book. A great stocking filler for Chirstmas (and cheap, too, for all you cash-strapped bankers). http://news.hereisthecity.com/news/business_news/8293.cntns Business News Tue, 30 Sep 2008 20:36:00 +0100 We've been running a financial markets job losses league table for a few months now, and several readers have asked if we could recast the league table based on the percentage of financial markets jobs lost in the various firms. So, we have. http://news.hereisthecity.com/news/business_news/7851.cntns Business News Sun, 11 May 2008 16:06:52 +0100 The Sunday Times reports that JPMorgan has been accused of forcing Lehman Brothers into liquidation by allegedly freezing some $17bn in cash and securities belonging to the Wall Street firm on the Friday night before its bankruptcy the following Monday. http://news.hereisthecity.com/news/business_news/8313.cntns Business News Mon, 06 Oct 2008 09:59:20 +0100 Reuters reports that UBS Chairman Peter Kurer told Swiss newspaper Sonntag on Sunday that his firm would pay 'solid' bonuses this year, but that 'our employees know that the total bonuses at the bank, from top to bottom, will inevitably be smaller'. http://news.hereisthecity.com/news/business_news/8309.cntns Business News Sun, 05 Oct 2008 19:57:50 +0100 The New York Post reports that Philip Falcone's Harbinger Capital has made a single winning bet of $2.5bn shorting Wachovia. http://news.hereisthecity.com/news/business_news/8308.cntns Business News Sun, 05 Oct 2008 19:09:59 +0100 Nancy Kissel, who admitted drugging her wealthy husband, Robert, a senior executive working for Merrill Lynch in Hong Kong, and then beating him to death with a metal ornament, has lost her appeal against the life sentence she received in 2005. http://news.hereisthecity.com/news/business_news/8311.cntns Business News Mon, 06 Oct 2008 08:55:50 +0100 Here are a few comments on the passing of the US bailout bill last Friday: http://news.hereisthecity.com/news/business_news/8307.cntns Business News Sun, 05 Oct 2008 14:48:31 +0100