Hollingsworth Daily Post

• Ellerbeck Went From `Idyllic' Home Life to London Manslaughter Conviction Neil Ellerbeck, who helped manage $40 billion at HSBC Holdings Plc’s global liquidity unit, sidestepped the turmoil that wreaked havoc on London bankers last year. At home, his crumbling marriage led to tragedy.


• Women `a Nightmare' to Employ in U.K. Under Equality Laws, Executive Says Equality legislation is making it more difficult for women to get a foothold in the U.K.’s financial sector, a fund manager at JO Hambro Capital Ltd. told members of Parliament in London today.


• GMAC's Ally Lampoons Kid-Cheating Lenders, Woos Depositors With Top Rates GMAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.


• Legg Mason's Bill Miller Helps Lure Back Fund Customers as Returns Improve Legg Mason Inc.’s stock funds, including those run by Bill Miller, are luring back clients as improved returns spur institutions to put money into equities.


• Billionaire Packer Raises Stakes in Casino Gamble That's Cost $1 Billion James Packer, Australia’s richest man, has raised the stakes in a bet that has so far lost at least $1 billion.


• Lower Energy Costs May Help Revive U.S. Consumer Spending: Chart of Day Falling energy costs may trigger a U.S. consumer-spending revival that’s faster and stronger than most people anticipate, according to James W. Paulsen, chief investment strategist at Wells Capital Management.


• Ghosn Fights Marginalization at AvtoVAZ as Putin Threatens Stake Dilution Renault SA Chief Executive Officer Carlos Ghosn is preparing to commit more time and technology to rescue his $1 billion investment in OAO AvtoVAZ. Analysts say what he may need is more control and a bigger investment.


• Parsons Utendahl Stake Means Citigroup Chairman Is Poised for PPIP Profit Citigroup Inc. Chairman Richard Parsons, who is overseeing the lender after its $45 billion bailout, stands to profit from a bank-aid program through his investment in Utendahl Capital Management LP.