A little over a month ago, The Wall Street Journal identified the Curse of Dick Fuld, after the bank bosses who picked assets off the carcass of Lehman Brothers resigned from their posts in unceremonious fashion.
First went Bob Diamond, who snapped up Lehman’s U.S. securities business for Barclays, and who stepped down at the beginning of July after his bank agreed to pay $450 million to settle an investigation into its efforts to manipulate interbank lending rates.
Next fell Nomura chief executive Kenichi Watanabe and chief operating officer Takumi Shibata—who led Nomura’s deal for Lehman’s European and Asian units—amid an insider trading scandal that roiled the Japanese firm.
This week, it seemed, Barclays and Nomura appeared to pare back their respective global ambitions in tandem.
‘Curse of Dick Fuld’: Ken Watanabe, chief executive officer of Nomura Holdings and the driving force behind the bank’s purchase of Lehman Brothers European and Asian operations, resigned as the company indicated that insider-trading offenses committed within the company go beyond those identified by Japanese regulators. Mr. Watanabe leaves Nomura three weeks after Read More
At the movies, incomprehensible gibberish has become a way of life, but it usually takes time before it’s clear that a movie really stinks. Inception, Christopher Nolan’s latest assault on rational coherence, wastes no time. It cuts straight to the chase that leads to the junkpile without passing go, although before it drags Read More
Last night at its monthly full-board meeting, Community Board 1 voted unanimously to approve developer Ken Watanabe’s plan to transform two parking garages at 50-52 Laight Street into a 17,500-square-foot, six-story luxury residential building with a two-story penthouse addition. The proposed building will be constructed of brick and limestone with fiberglass panels.
Because Read More
“The slender Irish actor Jonathan Rhys Meyers (from “Bend It Like Beckham”) has widely spaced blue eyes, slightly flaring nostrils, and a flattened upper lip—he can look pensive or brutally calculating at will.
“Scarlett Johansson wears her blond hair up, which brings out the oval shape of her face and the soft beauty of Read More