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London
Latest Headlines
Latest Headlines
Citigroup pays for analyst's goof
Citigroup ( NYSE: C ) analysts sent out a research note in October 2007 that contained some inaccurate information about a Greek steel company, which decided to sue Citigroup Global Markets. The drama came to a head in London, where Citigroup admitted its mistakes and agreed to pay the company f
Should Barclays to move to New York?
Will big British banks move to the United States? Not too long ago, people were debating whether London had displaced New York City as the financial capital of the world. The talk centered on the lackluster IPO market in the United States, compared with the then-thriving AIM market in London.
Big hedge funds love NYC
Not too long ago, London was quite sure it had muscled out New York City ( New York City news) for the title of the world's financial capital. The city had reason to crow, IPOs ( IPO news) seemed to be shifting there, European investment banking was hot, and banks were streaming in to boost
A new Goldman Sachs "scandal"
What would life be without a fresh "scandal" to provide more fodder for the Goldman Sachs ( GS ) conspiracy theorists? The latest comes from London, where a move to levy a per-tax trade, which has been dubbed the Robin Hood tax, has heated up. Leaders of the movement set up a website and cre
The U.K.'s war on banks
There are a lot of people chafing at the government's move to reform pay practices in the United States. But the measures by the British government so far have been much more draconian, and it's unclear how much more foreign banks will take.
The move to tax bonuses at 50 percent was a blow. Bu
London bankers vs. New York bankers
It's been a tough time for investment bankers around the globe. But at least the New York-based bankers have this going for them: Once again, they are the best paid bankers on the planet. A recent poll from from Napier Scott recruiters found that London bankers "saw an average drop of 62 percent i
Are cooler heads prevailing in the AIG mess?
When Andrew Cuomo gets involved in bonus matters, it's pretty clear where he's coming from. He's been loud and clear that he thinks it's unconscionable for companies to dole out massive bonuses while on the public dime. In the case of AIG, Congress might end up thanking him for bailing them ou
Citadel wants to raise a massive fund
We've noted recently that the hedge fund industry's dynamics have morphed in the wake of the credit crunch. Investors are still ravenous for hedge funds, but they are astute enough to note that the power pendulum has swung their way. They're in a much better position to make demands. This has coin
Man Group aims for U.S.
Man Group has thrived in London, but New York beckons like never before. And the hedge fund giant is determined to finally make inroads in what could be a very lucrative market. Uwe Eberle, CEO of the U.S. arm since December 2007, thinks the firm can compete with the likes of the Blackstone Group
More Wall Streeters head abroad
Is it time to volunteer to go overseas? It might not be a bad idea, though the thought of uprooting your family for the Middle East or Latin America might not strike everyone as a great adventure. The New York Times reports that banks are moving more employees abroad, including top executives,
