An angry and bitter Paul Wolfowitz poured abuse and threatened retaliations on senior World Bank staff if his orders for pay rises and promotions for his partner were revealed, according to new details published last night, reports The Guardian.
Under fire for the lavish package given to Shaha Riza, a World Bank employee and Mr Wolfowitz's girlfriend when he became president, an official investigation into the controversy has found that Mr Wolfowitz broke bank rules and violated his own contract – setting off a struggle between US and European governments over Mr Wolfowitz's future.
Sounding more like a cast member of the Sopranos than an international leader, in testimony by one key witness Mr Wolfowitz declares: "If they fuck with me or Shaha, I have enough on them to fuck them too."
The Royal Bank of Scotland-led consortium trying to wreck Barclays' all-share takeover of ABN Amro claimed yesterday that the Dutch bank's own advisers had approached it about helping to finance its bid, reports The Independent.
The claim was made in a huge sheaf of documents that were made public yesterday at the insistence of the Dutch banking regulator, which was seeking clarity for investors.
In a letter to Rijkman Groenink, ABN's chief executive, the consortium said: "Merrill Lynch [Royal Bank's adviser] and the Banks have received numerous approaches from other major financial institutions, including some institutions currently advising you, wishing to participate in any fund raising we may do."
Rupert Murdoch has promised to wage an all-out war to topple the Financial Times as Europe's leading business newspaper, if he gets his hands on The Wall Street Journal, reports The Independent.
The pledge to bolster investment in the Journal's ailing European edition was one of several new attempts to curry favour with the Bancroft family, which controls the paper's parent company, Dow Jones, as they met to discuss the media mogul's $5bn (£2.5bn) takeover bid.
In a 1,200-word letter sent to family members over the weekend, Mr Murdoch also promised them a seat on the board of his company, News Corp, and an independent editorial board to help protect the Journal's heritage.
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