Dresdner Hit with $1.4bn Sex Discrimination Suit

Dresdner Hit with $1.4bn Sex Discrimination Suit

A group of female bankers in New York have filed a $1.4bn lawsuit against Dresdner Kleinwort Wasserstein claiming that women are treated as second-class citizens at the German…

Jefferies Hires Wachovia Team for Emerging Markets

Jefferies Hires Wachovia Team for Emerging Markets

Jefferies, the investment bank and institutional securities firm, hired a team of three fixed income pros from Wachovia Securities to cover emerging markets in the firm's Bonds Direct…

Archipelago Executives Share up to $66m

Archipelago Executives Share up to $66m

Seven top managers at Archipelago are sharing a payout of up to $66m as a result of the electronic market's merger with the New York Stock Exchange. The…

Bankers’ Options Reach $100bn as Shares Surge

Bankers’ Options Reach $100bn as Shares Surge

Bankers are sitting on a profit of more than $25bn on their share options on the back of the meteoric rise in financial stock prices on both sides…

Refco Seeks to Pay CEO $685 Per Hour

Refco Seeks to Pay CEO $685 Per Hour

Refco, the collapsed futures broker, has asked a U.S. bankruptcy court for permission to pay $685 an hour to Harrison Goldin, appointed as chief executive last month as…

Buoyant Market Could Push Comp Ratios Up

Buoyant Market Could Push Comp Ratios Up

Despite hiring extra staff and paying higher bonuses, most banks kept a good handle on costs in 2005. But there are signs that costs could be harder to…

Morgan Stanley Puts Ethics to the Test

Morgan Stanley Puts Ethics to the Test

News that Morgan Stanley has fired four employees - and withheld their bonuses - for attending a strip club suggests the days of Wall Street bankers living fast…

Hiring hot spots in 2006

Hiring hot spots in 2006

Where will hiring hit in 2006? It all depends where you look, with Europe and the US taking different tacks. Europe 2006: Utilities bankers, real estate, derivatives In…

Recruiters Go Global in Talent Chase

Recruiters Go Global in Talent Chase

2006 is likely to see financial services recruiters push further along the path towards internationalism. Several banking specialists plan to open new overseas operations next year. For example,…

Merrill Met with Brokers Over Bias Suit

Merrill Met with Brokers Over Bias Suit

Merrill Lynch, the largest brokerage in the U.S., recently met with a group of its African-American brokers, including one who recently filed a discrimination suit against the firm,…

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