Tuesday's News: Lehman Brothers is Hiring in London
Lehman Brothers hired 100 people in London this summer. The failed bank has had to recruit technology professionals to help separate it's banking platform from Nomura's and Barclays', which took over its operations. [Telegraph]
Citigroup has lost 12 European managing directors to the likes of Bank of America and Barclays. [Bloomberg]
Former Financial adviser Kenneth I. Starr pled guilty to stealing $50 million from celebrities Uma Thurman, Al Pacino, and Sylvester Stallone. He faces charges for wire fraud, money laundering and adviser fraud and additional action by the SEC.
CQS spun off its distressed debt strategy as a standalone hedge fund, after it soared 55 percent last year. [Finalternatives]
Royal Bank of Scotland is launching a 4.7 billion issue of securities backed by its mortgages in its first securitization deal of this type since the financial crisis began. [FT]