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TOP STORIESLunchtime Links: Did Goldman’s London traders do away with Bear Stearns?16 July 2008…and are they doing the same to Lehman? Fuld apparently thinks so. (Reuters) Barclays investors face a £363m loss on its rights issue (Bloomberg) and China refuses to stump up any more cash. (FT Alphaville) Citigroup stock falls to the lowest level EVER. (Bloomberg) RBS and HBOS plumb new depths. (Scotsman) Deutsche at a five year low – "One of our least preferred wholesale banks in Europe." (Wealth-bulletin)
£30bn wiped off top UK companies in one day. (The Times) Mantra of a trader: O Big Herb, where are you? O Ganesh, O beautiful elephant, O Ganesh! And Jesus! Save me! Buddha! Save me! (Money is the Way)
Dick Fuld sends memo to ALL STAFF to remind everyone that Lehman is valuable and accomplished. (CNBC)
But Erin takes her talents to Credit Suisse. (MarketWatch) America, the banana republic. (Naked capitalism) Get yourself a lodger. (New York Times) Rich intelligent billionaires are more attractive to women than the ones who are just rich. (Wealth-bulletin)
COMMENTSTom, Compliance / Legal, Thu 17 Jul 08i don't think RBS are on the brink just yet. They've got many cushion subsidiaries to cushion their hard times for now. From record too their history is pretty clean and i don't think they'll become a Banana Republic
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