Profiles

1. Family values pay off for Merck

   He is not yet two years old but already Thomas, the first member of the 13th generation of his family, is being initiated into the working of the family business – Merck, the world’s oldest pharmaceutical and chemical company.

2. Broker's World: McCann's UBS may look different over time

   UBS is beginning to untangle a strategic direction for its US wealth management unit, now that a new leader is in place. Appointed two weeks ago, former Merrill Lynch brokerage head Robert McCann has shown a threefold strategy: stop throwing buckets of money at new recruits; focus on retention; and stake a claim somewhere between mid-size firms and the biggest wirehouses.

3. UBS' Merrill injection

   Robert McCann, the recently appointed chief of UBS' wealth management business for the US, has assembled a team of former Merrill Lynch executives to help him return the struggling unit to profitability.

4. In memoriam: Bruce Wasserstein's career

   Bruce Wasserstein, chairman and chief executive of investment bank Lazard, passed away yesterday. Financial News looks at Wasserstein's career as he became a legendary dealmaker known as "Bid ’em-up Bruce” who advised on more than $250bn (€167bn) of deals.

5. Krawcheck Stakes Her New Claim

   Sallie Krawcheck's star is rising mighty fast. First, she took over as chief of Bank of America 's huge wealth-management business. Now, less than two months later, there's a chance she'll take charge of the whole bank.

6. News analysis: How JP Morgan's two heads became one

   Like Hollywood marriages, partnerships between senior bankers are often short-lived and unhappy affairs in which one party agrees to suppress their ambition for a brief period of time, normally followed by a swift and highly public divorce.

7. Citi Private Bank executive scoops top award

   At Financial News' third annual FN100 Women event last night, which draws together a list of the top 100 most influential European women in finance, Citi Private Bank's chief executive Jane Fraser took the top place in the readers' poll of the most influential women in finance.

8. Bank chiefs with most to lose lost the most

   New academic research claims bank compensation schemes should not be blamed for the credit crisis, particularly as Richard Fuld, Jimmy Cayne and Stan O’Neal were the chief executives with the three largest equity stakes, worth a combined $2.3bn (€1.6bn), before the onset of the crisis.

9. Comment: Krawcheck will challenge the men, but is it a trend?

   Over the past week, the UK has been labouring under a surfeit of remarks by Harriet Harman, Labour deputy leader, that male executives are to blame for the credit crisis. With one of Wall Street's top (female) figures cast back in the spotlight this week, could banks be ready to test the alternative?

10. Who’s likely to run UBS in the US?

    Oswald Grubel, chief executive of UBS, allegedly plans to shake-up top management of the bank’s struggling brokerage business in the US, which might include replacing the current head Marten Hoekstra.