Tuesday, 9th February 2010

 

Asia head nets $12m from Goldman stock sale

Michael Evans, who heads Goldman Sachs in Asia, sold 70,000 of the bank’s shares, just above 9% of his holdings, worth $12m (€8m) on Monday and Tuesday, a filing with the Securities and Exchange Commission revealed, according to a report in the Financial Times.

The move comes after Evans’ European counterpart Michael Sherwood offloaded over $27m of stock in the investment bank less than a fortnight ago.

Read the original

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

European tax amnesties lure back cash

The world is becoming smaller for tax evaders. In the wake of the financial crisis, governments across Europe have been scrambling to raise their tax revenues to help fund budget deficits.

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347