Monday, 11 May 2009

On the move...

Banking stories are floating around…
Interesting article in the FT: more than 50 analysts, traders and to salespeople left the building of Dresdner Kleinwort last week. Did they go to the pub. Maybe but definitely they went to Evolution and Nomura.
This is what we call a mass movement. Is it also the beginning of a new trend?
Now, this is bad news for Commerzbank, just in the process of pulling out of London and looking for a buyer for Kleinwort Benson.
Here’s another one: Friedman Resigns as NY FED chairman of the board of directors. Stevie is a former Goldman Sachs employee, who loaded his account with GS shares in December 2008 and January 2009. What’s wrong with that? the FED board is asking in some comments…
That’s where these guys are good in: asking stupid questions.
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