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 Which country would be hardest to invade?
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 4 Floyd Mayweather's mouthguard costs $25,000 - enough to fly to Las Vegas and back 18 times
- 5 Royal baby girl born: Duchess of Cambridge's second child will be a princess thanks to Queen
Which country would be hardest to invade?
Morgan Freeman on the riot-focused coverage of the Baltimore protests: 'F**k the media'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
The man who filmed the Freddie Gray video has been arrested at gunpoint
Nepal earthquake: Many survivors receiving no help despite relief effort
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
Indonesia executions live: 'Hysterical' families heard prisoners being shot dead by firing squad
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
EU exit would hit UK economy much harder than neighbouring countries, study finds
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
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