View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
October 17, 2008

No further job cuts at Singer’s despite market rumours

By Spear's

Kaupthing Singer & Friedlander puts retention scheme in place for the remaining staff.

UK administrator Ernest & Young have confirmed that 74 jobs were cut at the firm’s investement banking arm today, but that a retention scheme has been put in place for the remaining staff.

Discussions on a possible sale of Singer’s private banking business last weekend had looked promising, but fell through on Sunday night.

Ernst & Young confirmed today they are still seeking buyers for the private client business, but will not comment on ongoing negotiations. It is believed that Close Brothers and Collins Stewart were the two frontrunners for a sale at the weekend.

For further details visit thewealthnet 

Content from our partners
Meet the females leading in the FTSE
A cut above: Charles Sanford on why HNW clients choose LGT Wealth Management
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network