Lunchtime Links: Citi overhauls European investment banking operation
25 July 2008
It's all change in Citigroup's European investment banking division, according to a leaked memo. (Financial News)
Credit Suisse is not only sitting smug for being back in the black, but it has also yet to announce any widespread redundancies due to having “one of the leanest staffs around” going into the credit crisis. But CS staff could be in for a game of musical chairs, as the bank plans to start “very aggressively reallocating staff across the business”. (FT)
Shaky legs time returns to the financial sector, with WaMu fears and weak housing data fuelling a massive shares dive in the US. (Independent) while Standard & Poor’s anticipates an acceleration in rating downgrades for banks (FT)
Been laid off? You skills are still going to be in demand…in three years’ time. (Wall Street Journal)
The Financial Services Authority definitely, definitely isn’t run by a bunch of “out of touch bureaucrats. (Financial News)
JPMorgan overseeing possible break-up of HBOS. (Telegraph)
Bank of America continues its high-profile hiring. (The Street)
“Regulatory reform should not, and need not, amount to the elimination of the investment banking business model.” (Dealbook)
The return of the dotcom banker. (Portfolio.com)
Friday fun:
We covered it earlier in the week, but it’s worth another look at Cityboy’s disastrous foray into pop, possibly the worst song since Samwell’s What What (In the Butt).
Times hard? Why pay for food? (Telegraph)
Aliens exist, and they look just like E.T. (Ananova)
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