• London

    Just A Suggestion

    Female bankers in London are taking pole-dancing exercise classes. This would be “scandalous” if suburban housewives across the country, who’ve been taking these classes as well as “cardio strip tease” et al. at their local gyms for at least the past five years, hadn’t beaten them to the punch. At this point, everyone knows how […]

    / Mar 31, 2008 at 12:15 PM
  • London, New York City

    New York Is The New New York, London Not So Much

    Remember when London was the new New York? It was only a year ago that London was proclaimed the global capital of finance. But that story is so last year. New York City is back. London’s reputation as the place where movers and shakers move and shake is suffering under the weight of recent financial […]

    / Mar 4, 2008 at 2:40 PM
  • Banks, London, Morgan Stanley, New York City

    The Latest Round in the London vs. NYC Fight

    London comes out on top again, as Morgan Stanely is shipping Walid Chammah, global head of M&A, across the pond. Morgan Stanley is the most relocation-happy out of the bulge brackets, now that London houses the bank’s I-banking chief, securities division COO and global head of capital markets. Some oft-stated reasons for the push, from […]

    / Jul 26, 2007 at 11:00 AM
  • insider-trading, London

    The UK’s De Facto Legalization of Insider Trading

    The U.K. is in the midst of a grand experiment in the legalization of insider trading. Although technically prohibited, insider trading takes places ahead of a quarter all deals in the UK but there have been no prosecutions this year and only eight since 2001, according to the Financial Services Authority. Responsible people assume that […]

    / Jun 13, 2007 at 9:33 AM
  • BP, London, Lord Browne

    BP: British On-the-dole-again

    Lord Browne is out as a director of Goldman Sachs. The former BP chief, who’d been on the board since 1999, resigned yesterday, perhaps uncomfortable with the public revelations of his lying to a high court over how he met his boyfriend Jeff Chevalier, and the company funds his lavished on him. While Goldman typically […]

    / May 11, 2007 at 11:59 AM
  • BP, John Hayward, London, Lord Browne, Oil

    Hayward’s BP

    Earlier this week, we established what the new BP will look like under the Hayward Regime. Less spa treatments. More tequila. Less “earth friendly”-type business. Now let’s take a look at what’s on Hayward’s to-do list for the next couple of months. 1. Keeping casualties on the BP premises at a minimum. Or, keeping news […]

    / May 4, 2007 at 2:04 PM
  • Goldman Sachs, Lloyd Blankfein, London, Oil

    Will Goldman Add Insult To Injury? (Typical)

    There’s a new sheriff in BP town but will there be one at Goldman Sachs, too? The boys at Rupert Murdoch’s Deal Journal note that Lord Browne (John Browne, Baron Browne of Madingley) has been a director at Goldman since 1999 and wonder if recent revelations might threaten that position. The London Times reports that […]

    / May 2, 2007 at 1:41 PM
  • London, Oil

    Outlook For The New BP

    How will things change at BP under the new Tony Hayward regime? Since it was announced yesterday that chief exec John Browne had resigned, effective immediately, it’s the question that’s been weighing on all our minds (after “What would a hostile take-over by Rupert Murdoch feel like?” (A. Awkward) and “How can I get this […]

    / May 2, 2007 at 9:55 AM
  • Citi, London, Maria Bartiromo

    BP Chief Resigns

    BP chief Lord Browne has resigned from his post, to be replaced immediately by Dr. Tony Hayward, amidst accusations that he used company money to support (and woo) his partner of four years, Jeff Chevalier. The allegations against Browne include: • BP resources were diverted for Mr. Chevalier’s use, and he was given computers and […]

    / May 1, 2007 at 11:27 AM
  • London

    It’s Quiet. Too Quiet. Is It Because The London Markets Are Closed?

    Despite the Dow Chemical rumors and Warren Buffett’s big railroad announcement, things have been pretty quiet all around today. The New York equities markets traded up a bit but have been mostly listless, despite that strong employment report on Friday and a three-day market close. We have a pretty strong rule against speculating—much less authoritatively […]

    / Apr 9, 2007 at 3:35 PM
  • legal, London

    London: Now With 40% More Fraud

    Yes. That sound you just heard was exactly what “the other shoe droppIng” sounds like. From today New York Post: London is paying a steep price for poaching a slew of new stock listings from Wall Street last year -financial fraud in the United Kingdom rose 40 percent. A report says British authorities are aghast […]

    / Jan 8, 2007 at 11:34 AM
  • London

    The Devil Wears Church’s?

    Good finance fiction is apparently very difficult to produce. Otherwise there’d be more of it. We’ve got a couple of books by Tom Wolfe, some of Scott Fitzgerald’s stuff and, well, that’s about it. So we were thrilled when we caught wind of Golden Handcuffs, a new novel due out in a couple of months […]

    / Aug 29, 2006 at 3:56 PM

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