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
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- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 The secret report that helps Israel hide facts
- 5 Israel's propaganda machine is finally starting to misfire
Lost portraits of the Somme: 100 images of Tommies posing before they went over the top. Now can you help to identify them?
Israel-Gaza conflict: 'When Genocide is Permissible' article removed from The Times of Israel website
Mystery of the Siberian holes at the end of the world 'solved': Scientists offer explanation
Pope Francis issues top 10 tips for happiness
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
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