U.K.'s Durlacher sees shares soar on web investing

Article Abstract:

Durlacher Corp. PLC has profited by investing in 20 to 22 internet companies, making it the top performing investment bank in London for 1999. Durlacher comes up with ideas for internet companies, then hires a staff and supplies the capital to run them.

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CSFB's parent tightens grip

Article Abstract:

Investors are watching for signs that Credit Suisse Group will be tightening its grip on operations at its U.S. investment banking subsidiary Credit Suisse First Boston L.L.C. Oswald Gruebel, chief executive officer of the Swiss financial services giant, is also aiming to convince investors that the company is better off with him alone at the helm, following his dismissal of his co-chief executive John Mack.

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Goldman faces new tensions in trading, serving hedge funds

Article Abstract:

The Goldman Sachs Group Inc. in an internal investigation found that a managing director in its London, England office had informed an important client of an impending stock sale with Siemen's AG. The stock price fell and although this leak didn't appear to cause Siemen's AG's stock to fall, the managing director was fired. Information confidentiality is becoming a trend in tensions within investment banking business practice.

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