We’ve finally got a few details to share with you on last week’s layoffs at Grant Thornton.
According to a tip we received, ten professionals in Southern California were laid off, nine in the audit practice and one in the advisory practice. If you’ve got more details on these cuts on GT, get in touch with us and discuss in the comments.
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• November Deadline Set for Kraft’s Cadbury Offer – Wonderful. We’re going to hear about cheese substance made by robots trying to copulate with sweet confections for another month. [DealBook]
• CIT Said to Weigh Financing From Citigroup, Barclays – What? They didn’t call this one? [Bloomberg]
• Bank-Bailout Fund Faces Years in Red as Failures Jolt System – “FDIC officials stressed that the fund’s depleted state wouldn’t affect depositors because federally insured deposits are backed by the full faith and credit of the U.S. government.” Oh, well that’s a relief then. [WSJ]
• Plenty More Bank Losses Expected Globally – When will this happen? [WSJ]
• UBS Warns on Third-Quarter Losses – Wow. That was fast. [WSJ]
• Confidence surges among CFOs in US – It feels like the confidence has been surging for some time now. [FT]
• Auditing the Fed: Redux – Our contributor, Adrienne Gonzalez got linked over at FT Alphaville. Nice work! [JDA]
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