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 Sat, 07 Nov 2009 15:42:04 +0000 http://news.hereisthecity.com/media/rss_logo.gif http://news.hereisthecity.com It's been a long time coming, but the H1N1 threat has finally hit Wall Street - not the virus itself though, but anger from lawmakers and activist groups who are annoyed that some financial markets professionals might be getting the vaccine at a time when hospitals are experiencing shortfalls, and the vulnerable in society aren't being taken care of. http://news.hereisthecity.com/news/business_news/9535.cntns Business News Fri, 06 Nov 2009 08:12:07 +0000 The New York Times reports that UBS has been fined $13.3m by UK securities regulator The Financial Services Authority (FSA) for some dodgy goings on over at its wealth management arm in London. http://news.hereisthecity.com/news/business_news/9536.cntns Business News Fri, 06 Nov 2009 10:11:37 +0000 The fact that Royal Bank of Scotland has agreed to (or been forced to) limit cash bonuses to those staff who earn £39,000 or less this year, has got a lot of people concerned that staff will leave in droves for compensation pastures new. http://news.hereisthecity.com/news/business_news/9532.cntns Business News Thu, 05 Nov 2009 12:05:19 +0000 This is no ordinary chain letter. Reading and acting on this could save you a lot of time, inconvenience and much embarrassment. Ignoring this e-mail could ruin your career. http://news.hereisthecity.com/news/business_news/9534.cntns Business News Thu, 05 Nov 2009 16:28:48 +0000 A few readers have commented on the fact that the shortlist of candidates being mentioned in connection with the Bank of America CEO vacancy is heavy male-biased - only one candidate out of around 30 possibilities. http://news.hereisthecity.com/news/business_news/9531.cntns Business News Thu, 05 Nov 2009 11:27:32 +0000 Bob Kelly, the Chairman & CEO of Bank of New York Mellon was so keen to distance himself from the suggestion that he might be interested in the vacant CEO position over at Bank of America, that he wrote to his Operating Committee to tell the members that he remains in love with his current job. http://news.hereisthecity.com/news/business_news/9533.cntns Business News Thu, 05 Nov 2009 16:09:38 +0000 Now that former Goldman chairman and co-CEO Jon Corzine has lost his bid for re-election as Democratic Governor of New Jersey, speculation is mounting about what the 62-year-old might do next. http://news.hereisthecity.com/news/business_news/9530.cntns Business News Thu, 05 Nov 2009 09:42:24 +0000 'I'd like you to meet Peter', my boss said as he introduced me to the man standing by his side. 'He's going to be working with us for a bit - on your desk'. http://news.hereisthecity.com/news/business_news/9315.cntns Business News Wed, 19 Aug 2009 15:59:13 +0000 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. http://news.hereisthecity.com/news/business_news/6639.cntns Business News Thu, 29 Mar 2007 12:14:25 +0000 With all this talk about bonuses still in the air, attention has understandably turned to Goldman Sachs and what kind of payouts staff there can expect this year-end. http://news.hereisthecity.com/news/business_news/9524.cntns Business News Wed, 04 Nov 2009 09:18:55 +0000 Bloomberg reports that Barclays CEO John Varley told an audience in 'packed pews' at St Martin-in-the-Fields church in London Tuesday that 'profit is not satanic'. http://news.hereisthecity.com/news/business_news/9526.cntns Business News Wed, 04 Nov 2009 09:49:05 +0000 We asked bankers what they thought about bonus payments this year. Over 2,700 took part in our quick poll. http://news.hereisthecity.com/news/business_news/9528.cntns Business News Wed, 04 Nov 2009 11:15:18 +0000 Activist Bank of America shareholder Finger Interests has written to stockholders and the bank's board, pointing out its view that an outside candidate would be the best bet to take over from departing CEO Ken Lewis. http://news.hereisthecity.com/news/business_news/9527.cntns Business News Wed, 04 Nov 2009 10:32:39 +0000 As the heads of Wall Street's top 28 firms got hauled in front of the New York Federal Reserve Monday and told to toe-the-line on compensation ('or else'), and as Lloyds Bank and Royal Bank of Scotland agreed to a bonus clampdown in the UK, please fear not for bankers - as they are still likely to have the last laugh when it comes to pay. http://news.hereisthecity.com/news/business_news/9522.cntns Business News Tue, 03 Nov 2009 10:36:03 +0000 Bloomberg reports that Bank of America has now decided that it will not require that its new CEO will have to live in, and work from, Charlotte, North Carolina. http://news.hereisthecity.com/news/business_news/9521.cntns Business News Tue, 03 Nov 2009 09:43:56 +0000 UBS posted its fourth consecutive quarterly loss Tuesday. The firm's third-quarter loss came in at $552.4m, after a bigger-than-expected accounting charge. UBS also continued to leak clients assets in the period. http://news.hereisthecity.com/news/business_news/9523.cntns Business News Tue, 03 Nov 2009 11:13:06 +0000 Over 3,000 people took part in our Bank of America CEO poll Friday, and the results overwhelmingly point in one direction. http://news.hereisthecity.com/news/business_news/9519.cntns Business News Mon, 02 Nov 2009 11:05:51 +0000 The UK's HM Revenue and Customs has launched a campaign on YouTube to convince tax dodgers with offshore accounts to come clean about their income. The blunt message warns that people simply can't defraud the taxman any more, and says that wrongdoers could end up in jail. http://news.hereisthecity.com/news/business_news/9525.cntns Business News Wed, 04 Nov 2009 09:19:47 +0000 The Wall Street Journal reports that Bank of New York Mellon CEO Robert Kelly is the latest high-profile candidate to turn down the opportunity of talking to Bank of America about becoming top dog in succession to Ken Lewis. http://news.hereisthecity.com/news/business_news/9517.cntns Business News Mon, 02 Nov 2009 09:17:24 +0000 'At approximately 3:00pm on June 17, 2009, Inspector General H. David Kotz and Deputy Inspector General Noelle Frangipane interviewed Bernard L. Madoff at the Metropolitan Correctional Center, 150 Park Row, New York, NY. Madoff was accompanied by his attorney, Ira Lee Sorkin of the firm of Dickstein Shapiro, LLP, as well as an associate from that firm, Nicole DeBello. http://news.hereisthecity.com/news/business_news/9518.cntns Business News Mon, 02 Nov 2009 10:03:16 +0000