SPA Newswire
It seems as though lawsuits abound in the US market following complaints of unfair treatment by Citigroup and Wachovia employees. Meanwhile, BNP Paribas is to bolster its structured products team in the US, and Piper Jaffray is planning to turbo-charge its young business. Negin Janati writes on behalf of the Structured Products Association
Wachovia Securities (Charlotte, NC) - While Wachovia was popping the champagne corks to celebrate receiving Structured Products' North American House of the Year award, a lower-key news item made its way into some financial media. Former Wachovia executive John Church sued the firm, saying he had been promised an annual bonus worth 9% of the business's net profit. This followed reports that
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