Just when you think the credit crunch clouds are clearing, another expert steps forward and says the worst is yet to come. This time it’s Professor Kenneth Rogoff, former chief economist at the International Monetary Fund, who says that a) we’re only at the halfway point of the crisis and b) another US investment bank collapse is on the cards. “We’re going to see a whopper, we’re going to see a big one – one of the big investment banks,” he warns. (The Times)
Then again, there are too many banks anyway. (Financial News)
Central banks aim to get on the same page. (Financial Times)
Analysts gang up on Goldman. (Portfolio.com)
Fortis shareholders flex their muscles and demand reform of director bonuses. (Telegraph)
Lehman courts suitors for potential asset management arm sale... (Reuters)
…but JPMorgan ups the pessimism ante over the bank’s latest quarterly results. (Bloomberg)
SHOUT: Michael Page posts 22% increase in profits. Whisper: but UK banking and finance roles are down… (Independent)
Activist hedge fund manager urges Natixis to stop rights issue. (Financial Times)
GfK’s bid for TNS continues, and more banking advisers have been brought in. (Telegraph)
Champagne fee for beer firm deal. (DealBook)
Where will the next generation of private equity talent come from? (Financial News)
Running a hedge fund is harder than it looks. (DealBook)
No doubting the awesome effort from Team GB in this year’s Olympics, but the gold rush for 2012 could be halted by the credit crunch. (The Times)
