Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services.

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Firm Says 2,200 HQ Staff Will Go

Bloomberg reports that Commerzbank has confirmed that it is to eliminate some 2,200 staff from its Frankfurt HQ headcount following the acquisition of Dresdner Bank and investment banking arm Dresdner Kleinwort. Staff numbers will come down to around 9,200.

'Save Dave' Campaign Goes Global As Macquarie Investigates 'Set-Up'

HereIsTheCity's effort to save Macquarie client investment manager David Kiely from getting the sack has gone global. Kiely became the latest internet sensation after being caught live on TV oggling semi-nude pics of Australian supermodel Miranda Kerr, and is currently at home, waiting for his bank to decide what to do with him.

Top Firm May Hire 500 Bankers In 2011

Bloomberg reports that, according to an unnamed person familiar with the strategy, Morgan Stanley may hire as many as 500 private bankers next year who will sell 'jumbo mortgages and structured loans' to Morgan Stanley Smith Barney clients.

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