French (speakers) are stereotypically superior in matters of taste, so it should come as no great surprise that the new banker-bashing website set up the Belgian Member of the European Parliament (MEP) Philippe Lamberts is looking good.
The site, to be found at BankingSins.eu isn’t totally functional yet, but will seemingly have sections on bankers’ addiction, depravity, greed, recklessness, megalomania, vampirism and deception. Lamberts, a Green MEP, has been at the forefront of the effort to cap European bonuses as a proportion of salaries. The bonus cap was ‘non-negotiable’, he told the BBC last month.
Barclays made £235m by hedging employee share awards. (Guardian)
Bob Diamond would have been proud of Barclays’ results. (Financial Times)
Blackrock won’t be having its own corporate bond trading platform for clients to trade directly with each other after all. (WSJ)
David Soanes did not persuade Willian Vereker to join Nomura, and take his job. (Reuters)
Deutsche Bank made some ‘sexy crazy trades’ and is now being sued for $8bn. (Telegraph)
11 ways to be unremarkably average. (Farnam Street)
The secret to achieving a higher salary is to ask for nothing at all. (Quartz)