Seemingly echoing Casbalanca's "I am shocked there is gambling going on here," young female intern Nadia Moukaideche was 'shocked' enough to seek counseling after discovering "disgusting, childish, misogynist" behavior at French investment bank Credit Agricole.
Now they tell us…
Next month will mark seven years since Julian Assange first sought asylum in the Ecuadorian embassy in London. Even though Sweden dropped a sex crimes investigation into Assange back in May, he has been forced to remain confined to a cramped room, where he has no access to the outdoors, since AG Jeff Sessions reaffirmed that the DOJ intends to prosecute Assange for his role in leaking the Iraq war logs, State Department cables and DNC emails.
This week we discussed Algebris Investments’ ranking of the world’s largest financial bubbles. London property ranked second on the list, behind Australian property (see here). There is growing evidence the former is bursting. In its October 2017 survey, the Royal Institute of Chartered Surveyors (RICS) reported the largest proportion of respondents seeing a drop in London house prices versus the previous month since 2009. The net balance at nearly two thirds (-63%) in the capital contrasted sharply with a national average which was marginally in positive territory (+1%).
During his trip to London this week, US Commerce Secretary, Wilbur Ross, wasn’t only defending revelations in the Paradise Papers that he’d invested in a shipping company with ties to the Putin family. He also attended a “closed-door meeting” with executives from JPMorgan, Goldman, HSBC and other banks. The meeting took place over lunch in the exclusive St James’s District (hedge fund land these days) at Wiltons restaurant.