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Come Out And Watch A Bunch Of Financial Services Hacks Get Voluntarily Punched In The Face

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Next Wednesday night is the annual Corporate Challenge Boxing tournament, and beyond the fact that the event is for charity, $45 (or $1,400 for a ring-side table) seems like a pretty reasonable fee to be at least mildly amused at the sight of your “colleagues” taking to the ring. The participants hail from Morgan Stanley, Barclays Capital, RBC, and Chimera Securities, among other firms, have give themselves nicknames like "Plastic Paddy," "The Huntington Hammer," "Dragon Fist" and "Mister Softee," and have prior boxing experience as diverse as "several tournaments" to "My friend once punched me in the face on a weekend in Prauge." Let's meet them now.

Peter Williamson AKA The Huntington Hammer/Barclays Capital/27 years old, 5'11, 195 lbs:

David Doherty AKA Plastic Paddy/RBC/27 years old, 5'6, 142 lbs:

Scott Shuryn/Morgan Stanley/25 years old, 5'10, 205 lbs:

Greg Tran AKA Mister Softee AKA Dragonfist/Chimera Securities/31 years old, 5'10, 140 lbs:

Corporate Boxing Challenge [CBC]


Financial Services Authority Had Doubts About This Bob Diamond Character Back In 2010

The regulator didn't specifically suspect anything re: propensity for manipulating Libor, just a general feeling it couldn't necessarily trust the guy, which Barclays chairman Marcus Agius conceded was not entirely off base. On Wednesday a British parliamentary committee release an internal record from the Financial Services Authority dating back to September 2010. The note details a discussion between Barclays Chairman Marcus Agius and then FSA chief Hector Sants during the final stages of the regulatory approval process for Mr. Diamond's promotion to CEO. In the note Mr. Sants said that Mr. Diamond had not reached "the level of openness, transparency and willingness to air issues with the FSA" of his predecessor. Mr. Agius agreed and said that the outgoing Barclays CEO John Varley would "coach" Mr. Diamond on the issue...During a meeting with lawmakers after Mr. Diamond's resignation, Mr. Agius said that the Libor issue had not been raised by the FSA when it vetted the CEO. U.K. FSA Warned Barclays Over Diamond in 2010 [WSJ]