Bloomberg reports that Daniel Gordon, Merrill Lynch's former chief energy trader, has pleaded guilty to money laundering and wire fraud and admitted he embezzled $43m from Merrill in 2000.
Few outside of Italy will have probably heard of Italian food multi-national Parmalat. That's about to change. Almost $5bn appears to have disappeared from the group's coffers and Bank of America has been pulled into the scandal. The affair is already being called 'Europe's Enron' in the press.
Can The Guardian be sending us all up ? Did JP Morgan staff receive a spoof e-mail ? Or worse, could the following actually be true ?
Robin Saunders, WestLB's star principal finance banker, is off. The move will surprise no-one. She will officially leave the bank at the end of the year and is said to be taking a deferred bonus of up to £1m with her when she goes.
Goldman Sachs, Lehman Brothers and Morgan Stanley posted strong quarter four figures last week. The firms' net revenues were up 91%, over 100% and 42% respectively on the same period 12 months ago.
Despite the news last week that Lehman Brothers had pulled back some jobs from India to the US, the firm has confirmed that it is not giving up on India and has plans to transfer more jobs there.
The Wall Street Journal reports that many are beginning to wonder what progress has actually been made integrating Credit Agricole and Credit Lyonnais following their merger earlier this year. The resignation last week of Credit Agricole's deputy chief executive, Dominique Ferrero, the man tasked with spearheading the merger, has made some think that not very much progress has been made.
CBSMarketWatch reports that the final settlement between Alliance Capital and US state and federal regulators may cost the firm as much as $600m. Alliance has been charged with secretly permitting certain clients to execute market-timing trades.
New Star Asset Management has purchased six retail unit trusts from Aberdeen Asset Management for over £90m.
Tottenham Hotspur and Chelsea went head-to-head this weekend with the Blues coming out on top.
West Bromwich Albion have reportedly joined Newcastle United in the race for Burnley striker Andre Gray.
Would Tottenham Hotspur star Christian Eriksen be a success at Barcelona?
Leeds United's Championship play-off hopes suffered a tremendous blow as they were beaten by Burton Albion.
Burnley's Michael Keane would allegedly prefer a move to Tottenham over Everton or Liverpool.
West Ham United vice-chairman Karren Brady recently had a chance meeting with Tottenham Hotspur chairman Daniel Levy.
Tottenham Hotspur defender Jan Vertonghen could have joined Arsenal back in 2012.
Speculation surrounding the future use of West Ham United's Olympic Stadium home has made the headlines again this week.
Rangers teenager Myles Beerman has been hailed by former striker Gordon Dalziel.
West Ham United attacking midfielder Martin Samuelsen has been on loan at Peterborough United since January.