Lost In Translation - This Will Make You Smile

There's a great story in The Times 'City Diary' today.

Those good old boys over at ICAP had their charity fun day Wednesday (and are said to have raised an impressive $18.7m). Anyway, apparently the firm had two colleagues coming over on a visit from the Far East, and someone called them to suggest that it would be good if they could rock up on the day dressed as pirates like most everyone else. When the Far Eastern pair arrived, they are said to have stuck out like sore thumbs. They came dressed as extras from 'Top Gun' - that 'pilots', not 'pirates'!!

And, continuing with the film theme, CNBC's Geoff Cutmore has written a good piece on the goings-on over at UBS. He muses that, if UBS was a film, it would be 'The Never Ending Story'. On that subject, The Times reports that a lawsuit was filed against the bank Thursday, which claimed that former CEO Peter Wuffli and and ex-CFO Clive Standish failed to write down the value of assets quickly enough over the summer, and that those who purchased shares around this period did so at inflated prices. The lawsuit, filed in the US District Court in Manhattan, is attempting to get class-action status.

Finally, a reliable source at one of the big US securities firms has told us that one of its home country staff goes by the rather unfortunate name of Randy Fidler. Nice, but whatever were his parents thinking.

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