First Boston hires more than 100 from Deutsche Bank

Article Abstract:

Deutsche Bank lost more than 100 technology bankers and analysts after Credit Suisse First Boston raided its investment ranks. A secret agreement was finalized between the two financial institutions that allows the wholesale transfer of 132 employees of the German bank's technology group to First Boston. Deutsche Bank is seeking to acquire an international investment bank, such as Lehman Brothers Inc. or Donaldson Lufkin and Jenrette Inc., to address the problems created by its departing employees.

Comment:

Raided Deutsche Bank AG of more than 100 technology bankers and analysts

Commercial Banks, Commercial Banking, Germany, Switzerland, Deutsche Bank AG, Credit Suisse First Boston L.L.C.

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Goldman expected to name co-chief today

Article Abstract:

Goldman, Sachs & Company will announce the appointment of Henry M. Paulson Jr. as its new co-chairman and co-CEO. Goldman Sachs is the last remaining major partnership on Wall Street. Mr. Paulson has been the president and chief operating officer of the firm. He has a close working relationship with Jon S. Corzine, the other chairman and CEO of Goldman Sachs. The appointment would make Mr. Paulson an equal of Mr. Corzine.

Comment:

Will announce the appointment of Henry M. Paulson Jr. as its new co-chairman and co-CEO

United States, Securities Dealers, Investment Banking and Securities Dealing, Goldman Sachs and Co.

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