Tag Archives: jobs


ANALYSIS – Wall Street girds to pay more for commods talent

Reuters India – Wall Street, where hundreds of commodity traders lost jobs last year as the recession set in, is on a new hiring phase where banks and hedge funds want to pay top dollar but only to a few, […]

HSBC to Stop Structured Financing for Fund Investors

Bloomberg – HSBC Holdings Plc’s U.S. securities division will no longer extend structured financing to hedge- fund investors to leverage their investments, according to people familiar with the company’s plans. The bank is halting the financing by its structured-funds products […]

Chrysler Dissidents Must Reveal Identity, Judge Says

Philadelphia Bulletin – Chrysler LLC dissident lenders must reveal their identities by 10 a.m. today, a bankruptcy judge ruled, rejecting claims that their safety was at risk. U.S. Bankruptcy Judge Arthur Gonzalez in New York forced the group to file […]

UPDATE 1-Pamplona buys bankrupt auto supplier TMD Friction

Reuters – TMD Friction, a bankrupt German maker of brake pads for the auto industry, has been bought by private equity firm Pamplona Capital Management, TMD said on Friday. Both sides declined to comment on the sale price. The acquisition […]

Hedge Funds May Cut 20,000 Jobs as Losses Erode Fees

Hedge funds may cut 20,000 workers worldwide this year, a record 14 percent of the industry’s jobs, as investment losses and client withdrawals erode fees. The dismissals will come on top of the 10,000 jobs that disappeared last year at […]

Stanford investigation sparks fears in Antigua

MSNBC – On the streets of Antigua, Texas billionaire Allen Stanford is a controversial figure. Some embrace him while others deride him as a modern-day colonialist. But nearly all say they fear a U.S. investigation into the tycoon’s financial empire […]

Controversial French Business Tax To Be Abolished

Tax-news.com – Endeavouring to assuage fears and re-establish public confidence in the wake of one-day nationwide strikes, French President Nicolas Sarkozy has announced that local business tax or ‘taxe professionnelle’ will finally be abolished in 2010. Expressing his determination to […]

RPT-EXCLUSIVE-Hedge fund firm Magnetar cuts London jobs

Reuters – Multibillion dollar hedge fund firm Magnetar Capital has shut its London risk arbitrage desk and cut seven jobs, the firm told Reuters on Monday, as the industry goes through its biggest crisis. A spokesman said four traders and […]

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