Deutsche Bank’s Fitschen Says Failed Greek State Lacks Leaders By Nicholas Comfort - 2012-05-25T13:50:05Z Enlarge image Deutsche Bank’s Fitschen Says Failed Greek State Lacks Leaders Hannelore Foerster/Bloomberg Deutsche Bank AG’s designated Co-Chief Executive Officer Juergen Fitschen said, the foregone conclusion that Greece will leave the euro area made by some leaders and market participants is “dangerous.” Deutsche Bank AG’s designated Co-Chief Executive Officer Juergen Fitschen said, the foregone conclusion that Greece will leave the euro area made by some leaders and market participants is “dangerous.” Photographer: Hannelore Foerster/Bloomberg May 25 (Bloomberg) -- Krishna Memani, director of fixed income at OppenheimerFunds Inc., discusses the potential consequences of a Greek exit from the euro and investment strategy. Memani speaks with Deirdre Bolton on Bloomberg Television's "In the ... Continue reading →
Jessica Harper has been accused of submitting false invoices “to claim payments totalling £2.46m to which she was not entitled,” the Crown Prosecution Service said. The CPS has authorised the Metropolitan Police to charge her with a single count of fraud. The charge relates to allegations of fraud between September 1, 2008 and December 21, 2011. Lloyds is 41pc state owned after the taxpayer rescued the bank with £20bn during the financial crisis, with the first bail-out coming shortly after the alleged fraud started – in October 2008. As head of fraud and security for digital banking, Ms Harper would have been a reasonably senior manager, four or five rungs down from the executive board, and is likely to have been on as much as ... Continue reading →
As traders at Morgan Stanley were frantically trying to shore up Facebook Inc.'s share price following the company's initial public offering, other managers on the deal were helping short sellers bet that the newly minted stock would fall.Trading desks at Goldman Sachs Group Inc. and J.P. Morgan Chase & Co., two of the firms that helped Morgan Stanley underwrite the IPO, were among those lending out Facebook shares that hedge funds needed for short sales, according to people familiar with the matter.The role of the firms in enabling short sellers in Facebook's stock shines a light on a long-standing Wall Street business that has the potential to create conflicts of interest. Even as one arm of a brokerage firm is getting paid to drum up ... Continue reading →
Published: May 20, 2012 Burnham torchbearer sells Olympic torch for £153,100 on eBay A Burnham-On-Sea Olympic torchbearer has defended her decision to sell her official torch and uniform on eBay, which have been snapped up for a huge £153,100. Sarah Milner Simonds, pictured, was nominated as a torchbearer for her work as a community gardener in social housing areas, and is due to run with the flame through Dunster at 4.38pm on Monday. As first reported here, she took the controversial decision on Sunday morning to sell her official Olympic torch and uniform on eBay to raise money for the community gardening group The People's Plot after seeing other torches selling. Her auction ended at 10.33pm on Sunday evening after attracting 163 bids and Sarah ... Continue reading →
