Is your firm making the news ? And, if so, why ?
WestLB AG is a commercial bank domiciled in North Rhine-Westphalia, Germany's most densely populated federal state and it is one of Germany´s leading providers of financial services.
All the talk of bonuses and games of hiring musical chairs has kind of distracted us from focusing on that big train coming down the tunnel - layoffs.
Bloomberg reports that Minneapolis-based investment bank Piper Jaffray is to cut around 40 of the 70 staff it currently employs in London, as its business model 'was impacted by the lack of capital raisings by...small and mid-cap clients'.
Bloomberg is reporting that Barclays Capital is to axe up to 600 jobs around the world following a review of its operations.
The early part of every year - after bonuses have been paid out - is usually when firms start to really beef up their payrolls (provided the outlook for the economy justifies it).
Speculation is already mounting about the firms that are likely to pay the most 'doughnut' bonuses (i.e. nothing) to staff this year-end.
The International Financing Review (IFR) released details of its 2010 Awards last week.
It was our most popular Best Place to Work poll yet, with in excess of 210,000 votes cast overall.
It's not only bonus payouts financial markets professionals are thinking about at the moment - it's also their job security.
Reuters reports that the latest reshuffling of the ranks over at UBS Investment Bank has given rise to further thoughts that the Swiss bank might be better off without at least some of it.
Now it's fashionable to write off Robin Saunders. She is said to have left WestLB under a cloud and there are plenty of critics out there who are jumping up and down pointing at the millions she earned, seemingly at the bank's expense. But Saunders is a proven dealmaker and continues to have strong relationships with certain key clients. And why should she be knocked just because she negotiated a good compensation package for doing her stuff ? Why should she be kicked just because a deal goes wrong ? Wasn't it Ms Saunders' job to bring deals to the table and her employer's responsibility to assess the risk and make a judgement about their commercial viability ?
Here are a few video highlights from the Finance Professionals City-sponsored Karaoke, which took place on Monday evening in London.
We asked you to name the investment bank which is said to have paid out an average bonus to employees of $521,000 in 2005.
We asked you what the 'S' stood for in Harry S. Truman, the 33rd President of the United States.
The Financial Times reports that Robin Saunders, WestLB's head of the bank's London-based principal finance business, looks like being drawn into the German probes into the bank's exposure to the BoxClever TV rental company. The BoxClever deal has cost the bank dearly, with loan provisions which could eventually be as high as £500m. German state prosecutors are said to be looking at whether any of the bank's officials are guilty of 'breach of trust' for not having enough collateral in place when the deal was done.
The Independent reports that it is only just over a year ago that Guy Hands went solo. Since then he has suffered a number of setbacks and has been eclipsed in the City by 'rival financier' Robin Saunders from WestLB. Is his star on the wane ?
Deutsche Bank and UBS have been served with $2.7bn in damage claims in connection with the collapse of Italian dairy company Parmalat. Italian authorities have alleged that the banks provided false information about the company's financial position before it was forced into bankruptcy in late 2003. Both banks say that the allegations are false.
Reuters reports that Bank of New York posted its first quarter profits Wednesday. They came in up 3% at $434m.
If your firm was a song, which song would it be right now ? Below are some suggestions: