The News: Female Exodus

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High-Flying Women Shift Gears in the Recession [Harvard Business Publishing]

At five top financial firms, twice as many women in top jobs (54 percent) as men (22 percent) are considering leaving their positions, a study shows. Many eye other sectors, especially not-for-profit organizations.

Treasury needs $361B April-June borrowing [Associated Press, via Investment News]

A third straight quarter of record borrowing signals brisk business for Treasury sales and trading pros.

NYC Tax Collections Fall 50% [BusinessInsider]

Wall Street collapse drags down income of highest earners, disproportionately affecting New York's tax revenues.

Thain Fires Back at Bank of America [The Wall Street Journal]

Former Merrill Lynch CEO says BofA lied about its role in bonuses paid to Merrill employees just before the acquisition closed.

Sotheby's to Slash Dividend, Plans More Job Cuts [Bloomberg News]

People:

Global Economic Forecasting Firm Expands Capital Markets Division Adding Seven Veteran Executives [MFR Securities, via PRNewswire]

The Silverfern Group Expands Merchant Banking Team - Kevin Smith Joins as Managing Director [Silverfern Group, via PRNewswire]

The Bank of New York Mellon Appoints Samir Pandiri to Head BNY Mellon Shareowner Services [Bank of New York Mellon, via PRNewswire]

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