Business News 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 Sun, 07 Sep 2008 14:42:03 +0100 Business News http://news.hereisthecity.com/media/rss_logo.gif http://news.hereisthecity.com Click Here To Register For Free News E-Mail Alerts 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 Report - These 3 Top Firms Could Have Gone Belly Up This Year CNBC reports that, according to an analysis by JPMorgan Chase, the Bear Stearns debacle earlier this year could have brought down Lehman Brothers, Merrill Lynch and Morgan Stanley. http://news.hereisthecity.com/news/business_news/8192.cntns Business News Fri, 05 Sep 2008 09:38:38 +0100 Wall Street Fires Fewer In August Bloomberg reports that, according to a report prepared by outplacement firm Challenger, Gray & Christmas, financial firms laid-off some 2,182 people in August - the smallest monthly number for a year. http://news.hereisthecity.com/news/business_news/8193.cntns Business News Fri, 05 Sep 2008 10:29:15 +0100 Firm 'Deceased' List (Updated) In the light of Sunday's announcement that Commerbank is to acquire Dresdner Bank, we're officially adding the latter to our list of firms (asset managers, commercial banks, investment banks or brokers) which HAVE, more or less, been consigned to history over the years. These firms either went bust, were taken over or merged or just had their names changed. http://news.hereisthecity.com/news/business_news/3888.cntns Business News Sun, 07 Nov 2004 15:29:08 +0000 Layoffs - The Definitive Job Loss League Table (Updated) 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 No Layoffs Before Christmas - But Only Because They Can't! Commerzbank CEO Martin Blessing marched into the Lion's Den Wednesday, rocking up at Dresdner Kleinwort's London HQ building in Gresham Street to address his new troops. And he is said to have impressive his audience (staff in other locations were able to watch via video conferencing) with his easy-going, straight-forward manner. http://news.hereisthecity.com/news/business_news/8190.cntns Business News Thu, 04 Sep 2008 10:53:32 +0100 Look Who's Said To Be Mulling Over A Bid For Lehman Now In the absence of any official (or unofficial) word from Lehman Brothers, the rumor-mill continues to work overtime about what's likely to happen to the Wall Street firm. Here's the latest. http://news.hereisthecity.com/news/business_news/8189.cntns Business News Thu, 04 Sep 2008 10:07:36 +0100 Top Life Stories For August Here's a note of our most popular Life stories last month. http://news.hereisthecity.com/news/business_news/8191.cntns Business News Fri, 05 Sep 2008 09:24:18 +0100 Top Firm May Need To Raise $13.3bn Capital The Daily Telegraph reports that Royal Bank of Scotland (RBS) analysts led by Ian Smillie have said that Barclays may need to raise up to $13.3bn to bring its capital postion in line with investment banking peers. http://news.hereisthecity.com/news/business_news/8188.cntns Business News Thu, 04 Sep 2008 09:24:14 +0100 Featured Recruiter - Martin Ward Anderson 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 The Best Optical Illusion Ever This is, without doubt, the best optical illusion ever. If you stare at the image below long enough, you should see a giraffe.............. http://news.hereisthecity.com/news/business_news/4918.cntns Business News Tue, 22 Nov 2005 11:57:51 +0000 Our Top 30 Stories Of All Time Here's a note of our Top 30 stories of all time (the number of hits the story has had is in brackets). http://news.hereisthecity.com/news/business_news/7056.cntns Business News Fri, 07 Sep 2007 09:02:11 +0100 Give Me A Job - The Most Amazing Job Application Ever Here's a copy of a real job application letter received this year by recruiters at one top Wall Street firm. http://news.hereisthecity.com/news/business_news/8032.cntns Business News Tue, 08 Jul 2008 18:40:44 +0100 BofA, BlackRock, Credit Suisse, Jefferies, JPMorgan, Merrill, SG, UBS Reuters reports that The New York state Attorney General's office is issuing subpoenas to Bank of America executives as it broadens its probe into the bank's marketing of auction-rate securities. http://news.hereisthecity.com/news/business_news/8187.cntns Business News Thu, 04 Sep 2008 08:30:17 +0100 Hiring Firms In Asia-Pac, EMEA, The Americas Since we told our readers about DirectConnect, our new recruitment technology that introduces jobseekers directly to hiring firms or their on-sites, we have been inundated with expressions of interest about this product. In just 6 weeks, 44 hiring firms from around the globe have become early adopters, and over 2,000 jobseekers have registered themselves for the service. http://news.hereisthecity.com/news/business_news/8066.cntns Business News Tue, 22 Jul 2008 18:03:30 +0100 54 Recruitment Firms, Thousands Of Financial Markets Jobs Here Is The City is pleased to announce that it is relaunching its job board. We have already commenced a major campaign to increase awareness of this offering, and candidate numbers accessing the job board have increased by over 90% in the last 8 weeks. Our aim for candidates in 2009 is to create a credible place where they can engage with recruiters in order to identify job opportunities around the globe. http://news.hereisthecity.com/news/business_news/8170.cntns Business News Wed, 27 Aug 2008 09:12:40 +0100 Nein, Nein, Nein - Emergency At Troubled Firm Well, Commerzbank is buying Dresdner. And the headline news is that 9,000 staff will be let-go in 9 major locations over the next 9 quarters. And heading the list of casualties is investment banking unit Dresdner Kleinwort CEO Stefan Jentzsch, who is understood to have told his troops Monday that he will leave after Phase One of the integration has been completed at the beginning of next year. http://news.hereisthecity.com/news/business_news/8185.cntns Business News Tue, 02 Sep 2008 03:31:16 +0100 Commerzbank / Dresdner - What The Smart Money Is Saying Here's what the smart money has been saying on the subject of Commerzbank's $14.3bn acquisition of Dresdner: http://news.hereisthecity.com/news/business_news/8183.cntns Business News Mon, 01 Sep 2008 15:37:03 +0100 Naive Intern Lands £900 Bar Bill A few Royal Bank of Scotland interns, it seems, were out for farewell drinks a couple of Fridays ago. And one naive chappie appears to have been landed with a £900 bar bill. http://news.hereisthecity.com/news/business_news/8184.cntns Business News Mon, 01 Sep 2008 17:12:04 +0100 Top Hedge Fund Said To Have Lost $5bn Reuters reports that top US activist hedge fund Atticus Capital is said to have lost some $5bn this year, after 'heavy falls in financial stocks'. According to the news agency's unnamed source, the firm's total assets under managment have fallen to around $14bn from over $20bn at the end of last year. http://news.hereisthecity.com/news/business_news/8186.cntns Business News Tue, 02 Sep 2008 06:52:48 +0100