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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- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
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Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
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Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
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