Anonymous sources
FINS
Woe, The Investment Banker - FINS
Having already slashed bonuses, banks including Citigroup Inc., Goldman Sachs Group Inc., JP Morgan Chase & Co. and Morgan Stanley are preparing to cut dozens of jobs, including some held by senior bankers, according to people familiar with the matter.
Goldman Tries More Vacation Time to Boost Morale - FINS
Investment banking employees traditionally tend to be always "on call," working just as hard while on vacation as when at work, a person familiar with the matter said. Analysts already receive these perks. In Wall Street's hiring hierarchy, ...
New RIM CEO Boosts Employee Focus, Morale - FINS
"Everyone has their heads down working—just 'get the job done' stuff," a person close to the company tells the Journal. "Which is quite a bit different from last summer when people didn't know whether they'd have jobs." The company laid off 2000 ...
Dartmouth President to Head World Bank - FINS
Both officials are considered potential appointees in a second Obama administration, an administration official said Friday. Dr. Kim, before heading to Dartmouth, led the global-health and social-medicine department at Harvard Medical School.
MF Global Employee Subpoenaed - FINS
Ten of the committee's 18 members attended the meeting and voted tosubpoena her, according to a person familiar with the matter. "Ms. O'Brien has unique, personal knowledge regarding how and whycustomer funds went missing,'' Rep.
How to Become Top Dog in the C-Suite - FINS
In an interview with the Journal, a person close to the company emphasizes that "he is not the only internal candidate.'' "Mark is absolutely focused on running the Americas and contributing to Ford's profitable growth,'' a spokeswoman says.
Six Top Tips on How to Get the CEO Job - FINS
In an interview with the Journal, a person close to the company emphasizes that "he is not the only internal candidate.'' "Mark is absolutely focused on running the Americas and contributing to Ford's profitable growth,'' a spokeswoman says.
Six Top Tips on How to Get the CEO Job - FINS
In an interview with the Journal, a person close to the company emphasizes that "he is not the only internal candidate.'' "Mark is absolutely focused on running the Americas and contributing to Ford's profitable growth,'' a spokeswoman says.
Jain and Fitschen Shake Up Deutsche Bank - FINS
Chief Risk Officer Hugo Bänziger and Chief Operating Officer Hermann-Josef Lamberti will be asked to leave, according to people familiar with the matter, and the bank will look to appoint three new management-board members, as well as two people to run ...
Money Goes Missing at MF Global - FINS
JP Morgan also has been questioned about the $165 million transfer, according to a person familiar with the matter. Four days before MF Global filed for bankruptcy protection, the company's brokerage unit borrowed the same amount using a secured credit ...
Another MF Global Money Transfer Draws Interest - FINS
MF Global Assistant Treasurer Edith O'Brien, who was based in Chicago, and employees of MF Global's fixed-income desk who were based in New York, both requested the funds anew the morning of Oct. 27, said a person familiar with the matter.
Investigators Focusing on Money Transfers at MF Global - FINS
On the morning of Oct. 28, according to people familiar with the matter, Ms. O'Brien received a call from Mr. Corzine, who asked her to resolve a problem: The firm's bank account at JP Morgan Chase & Co. in London had run out of money, ...
MF Global Risk Chiefs Had Same Warning, Different Styles - FINS
While Roseman was hands-on and went with his colleagues out for beers, Stockman was an introvert, often closeting himself alone in his office, say people familiar with the matter. Stockman's personality, however, belied an attitude toward risk that was ...
Facebook Execs' New Money Man - FINS
When Makan and his team left Goldman Sachs and moved to Morgan Stanley in 2008, he received a signing bonus of roughly $20 million, according to people familiar with the matter. The bonus was repayable as a loan over a period of several years, ...
Apple Appoints an Outsider as Head of Retail - FINS
The company considered a range of executives from the US and Europe, according to a person familiar with the matter. Apple also considered Steve Cano, an Apple retail executive who was one of Johnson's lieutenants, according to this person.
MF Global Employees Take a Whack at Corzine - FINS
... before the House Financial Services Oversight and Investigations Subcommittee, transferred funds in the week before the company declared bankruptcy, attended the party but didn't talk about the investigation into the missing money, a source said. ...
MF Global Risk Chiefs Queried by Washington - FINS
... Michael Roseman and Michael Stockman have been interviewed by staff investigators of the House Financial Services Committee, but they aren't expected to testify at the Committee's hearing on Thursday, according to people familiar with the matter. ...
Risk Chief Warned Corzine, Board of Dicey Trades - FINS
At Fimat, Mr. Roseman warned the company not to take too much risk on any one client, said a person familiar with the matter. At Bank of Montreal, where he worked in the early 2000s, he raised concerns about an energy transaction, according to other ...
Time Names Digitas CEO Laura Lang as New Chief - FINS
Time Warner Inc. has picked Laura Lang, chief executive of the digital-ad firm Digitas, to run its Time Inc. magazine-publishing division, according to people familiar with the matter. Lang's hire, which could be announced as early as ...
E-Commerce Chiefs Hot Among Retailers - FINS
In hopes of catching up with competitors, department-store chain Kohl's Corp. is bringing in a new senior vice president, a person familiar with the matter says. The company had $18.4 billion in sales in 2010, but only $717 million came via the ...
The Fear Factor on Wall Street - FINS
An investment banker at the firm, who spoke on a condition of anonymity, said the sales and trading staff has been reluctant to offer attractive prices to corporate clients selling big blocks of stock. Favorable prices on block trades help bankers win ...
Securities Co-Head Ehinger to Leave Credit Suisse - FINS
Credit Suisse Group AG global securities co-head Tony Ehinger is leaving the bank after 25 years, and will be replaced by the North American fixed-income head, according to people familiar with the matter. Ehinger, who's based in New ...
Jefferies Hires to Grow Out of 'Boutique' Status - FINS
A spate of hires announced in the spring are the fruits of recruiting activity in January and February as Jefferies was eager to capitalize on investment bankers ready to leave firms after receiving their annual bonuses, the source said. ...
Goldman's Metherell to Leave Firm for Startup with BP's Hayward - FINS
By FINSwire Team Goldman Sachs Group's Julian Metherell, head of the UK investment bank, plans to leave in the summer to join Tony Hayward, the former chief executive of BP, in an energy investment firm, sources close to the matter said. ...
DE Shaw MD Leaving to Start Rival Fund - FINS
One person who asked not to be named said his interview with the firm this fall was cancelled fall and was told hiring for all nonessential staff had been ...