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Cuomo's allegations surrounding Bank of America's former and current heads are perplexing.
Euromoney March 2010
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IFR awards; HSBC cocktails; the US banks' Q4 reporting, or, a party without the punchbowl.
Euromoney February 2010
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Last year was an odd one: waves of euphoria and despair that normally unfold over decades were compressed into 12 months. In the early part of 2009, you could smell the fear: even the wealthy were paralyzed by panic. Of course, with hindsight, one can see all the elements were in place for a massive boom in
Euromoney January 2010
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Euromoney December 2009
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Euromoney November 2009
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In December 2008, I wrote a piece about Barclays, criticizing the expensive £7 billion capital-raising from Middle East investors and the decision to purchase Lehman’s US broker-dealer last September when the outlook for investment banking was at its most opaque. The article elicited howls of outrage from
Euromoney October 2009
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I congratulate Morgan Stanley’s board for having made a decision rather than tiptoeing around the succession story until it became the elephant in the room. But there will be challenges ahead.
Euromoney October 2009
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Bankers like to think of themselves as entrepreneurs and when the leveraged finance market died many specialists were reborn as restructuring professionals.
Euromoney October 2009
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Merckle may have committed suicide because his empire was floundering but if I were a senior manager of a bank that is still in receipt of funds from the Troubled Asset Relief Program (Tarp), I might feel a little suicidal myself. In late September, I read a document enticingly entitled: ‘Practical conside
Euromoney October 2009
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Published September 2009 euromoney.com
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The disconnect between Wall Street and Main Street widens.
Euromoney August 2009
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A number of senior financiers made an enormous effort to join the party
Euromoney August 2009
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Some are wondering who might be in line to succeed present chief executive Mike Geoghegan should he move on in a few years
Euromoney August 2009
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Morgan Stanley’s fixed-income traders have not excelled and in 2009 the firm has failed to capitalize on opportunities in the flow businesses
Euromoney August 2009
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Have we learnt anything from the unsettling events of the past nine months? I have learnt that bankers have short memories and exceptionally short recall regarding painful reminiscences. Maybe it’s part of the human condition. It certainly seems to be part of a banker’s DNA.
Euromoney July 2009
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This edition of Abigail with attitude includes a guide to decoding the underemployed senior banker’s vocabulary.
Published June 2009 euromoney.com
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Euromoney May 2009
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In today’s hostile environment, no amount of money could induce me to work as a CFO at a US financial institution.
Published April 2009 euromoney.com
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A more frugal future looms, one where simple is the new sane.
Published March 2009 euromoney.com
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Eighteen months ago, the chief executives of major financial firms were revered. We envied their elevated status – the jets, the bodyguards, the limousines and the layers of gatekeepers. Now these men are reduced to squirming schoolchildren who’ve been caught stealing from the communal cookie jar.
Euromoney March 2009
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As the terrible fourth-quarter results were unveiled, Bank of America started briefing against John Thain, Merrill Lynch’s chief executive. This is always a high-risk press strategy. A public relations specialist comments:
Euromoney February 2009
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Those of us involved in finance tend to treat the vagaries of investment banking as a matter of life and death.
Euromoney January 2009
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Beleaguered Barclays, Delphic Deutsche, bank bonuses and preempting press releases. Abigail Hofman:
Euromoney December 2008
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The list of badly flawed financial institutions is long: Barclays (crumbling shareholder value), Société Générale (poor controls), UBS (total mismanagement), Lehman Brothers (vainglorious leadership), Bear Stearns (dereliction of management). Abigail Hofman:
Euromoney November 2008
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A few incidents from that weekend remain in my mind. Abigail Hofman:
Euromoney November 2008
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Euromoney October 2008