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Fired On His First Day

43-year old Fermin Aldabe rocked up for his first day at work as head of Standard Chartered's complex product risk management in Singapore in December 2008. Unfortunatley, it would prove to be his last day working for the bank.

Crack Split

DLJ Merchant Banking Partners spins off from C Suisse

Credit Suisse has announced that DLJ Merchant Banking Partners, the bank’s mid-market leveraged buyout business, has spun off into an independent advisory firm, aPriori Capital Partners L.P., established by the existing DLJ MBP management team led by Colin Taylor and Susan Schnabel.