Business Diary: Getting hot under their wigs
Monday 07 December 2009
Check out this week's issue of Legal Business magazine if you want to know what it's really like to work in a City law firm. It's Christmas quiz asks about the indentities of senior lawyers involved in some racy escapades over the past years. Among the few printable questions was: "Which top mediator bored his clients so much that, on returning to the meeting after a short break, found that they had resorted to sexual intercourse on the table?" Sadly, the magazine provides no answers.
Credit Suisse shows little gratitude
There's no such thing as loyalty in investment banking. It emerged last week, courtesy of the National Audit Office, that Credit Suisse trousered a cool £15.4m in fees from the Treasury during the financial crisis. How is the bank repaying that generosity? Well, its latest outlook report on the UK is not much of a thank you – it says we're in a worse state than any other major economy and adds that the Bank of England is at risk of losing its credibility.
Expertise on how to handle debt?
We know they don't really do irony in Dubai, but even Sheikh Maktoum must have had a wry smile when presenting the Leading Woman CFO award during the recent Women in Leadership Forum gongs. The winner was one Maryam Sharaf, chief operating officer and chief financial officer of Dubai World.
Sweet response from Cadbury bosses
Good to see Cadbury remains unfazed by the advances of Kraft. The timetable begins today for the takeover bid, with Cadbury shareholders having 60 days to make up their minds whether to sell the company. Cadbury is marking the occasion by hosting a swish Christmas party at London's trendy Jewel bar tomorrow night. Cool as cucumbers.
Number of the day 0.45 per cent
The short-selling position disclosed by Davidson Kempner European Partners in Lloyds Bank, the first such hedge fund disclosure for some time
- 1 Kim Jong-un shows off airport designed by architect he likely had executed
- 2 Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
- 3 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 4 Tunisian builder has been hailed a hero after knocking gunman to the ground with roof tiles
- 5 German ethics council calls for incest between siblings to be legalised by Government
Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
Kim Jong-un shows off airport designed by architect he likely had executed
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
Tunisian builder has been hailed a hero after knocking gunman to the ground with roof tiles
Greece debt crisis: Athens has one day to find €1.6bn
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
David Cameron struck double blow in his hopes to win Britain a new EU deal
Extend Right To Buy to tenants of private landlords, Labour's Jeremy Corbyn says
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
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