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Bank of America names new investment bank operating chief: memoMike Joo, Bank of America Corp's head of global rates and currencies origin... Co-heads seldom work so pick a leader of global investment banking. Jack MacDonald or Thomas Sheehan.
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The firestorm at HSBC's investment bank is escalating as the bank hits back against internal dissentDissent within the bank is centred around a memo, reportedly titled 'Global Banking & Markets: Rewards for Persistent Failure' and sent on August 25. It is said to have attacked HSBC's leadership for what it says is a failure 'to create a successful strategy.'
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