jerker-johansson

Wall Street: Monday Morning

cityfile · 04/27/09 05:56AM

John Thain is striking back at Bank of America in an effort "to restore his sullied reputation," and accusing BofA's CEO, Ken Lewis, of lying. [WSJ]
• Thanks to rising profits, employees at several banks are on track to earn as much money this year as they did before the financial crisis. [NYT]
• UBS's head of investment banking, Jerker Johansson, is stepping down. [DB]
Steve Rattner caught a break on Friday when Quadrangle Group investors decided not to shut down his scandal-plagued fund. [NYT, NYP]