Westlb Posts
30 Of The Biggest Trading Losses Of All Time (ex-subprime related)
Here's a league table of 30 of the biggest trading losses of all time (excluding CDO losses post 2007).
How Old Is Your Firm ? (Updated)
We thought it would be interesting to see how old some of the firms which operate in the financial markets are.
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9-Hole Round of Golf with Drinks and Hot Dogs for Two or Four at Pottawatomie Golf Course in St. Charles (Up to 55% Off)
Firm 'Deceased' List
MF Global is simply the latest in a long line of firms that either merged, got taken over or simply went belly up.
BNY Mellon, Barclays, Cantor Fitzgerald, Deutsche Bank, WestLB
Here are a few links to some interesting BBC, Bloomberg, New York Times, Reuters and Telegraph stories currently doing the rounds.
Top Firm Said Defiant In Face Of Defections
UBS is still putting a brave face on the number of staff defections it's had in recent months in M&A. Clearly you'd expect nothing else (and to be fair, the firm had bagged some high-profile hires of its own into the unit during this time as well).
The 12 Banks Sued For Alleged LIBOR Manipulation
European fund manager FTC Capital has sued 12 firms for alleged manipulation of LIBOR, the London Inter-Bank Offered Rate between 2006 - 2009.
Firm Expected To Cut 4,000 Staff
The Wall Street Journal reports that Germany's WestLB, which almost collapsed during the financial crisis 'has accepted European Union demands that it reduce its balance sheet and operations, with the lender expected to cut 80%' of its 5,000 staff.
Top Firm Should 'Shut Down' FICC Business, Another Firm Cuts Equities Jobs
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.
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