Some Recruitment & Other News

Reuters reports that data analyzed by Linkedin has revealed that canny Barclays Capital has hired more staff laid-off by rivals than any other investment bank.

Linkedin appears to have made the judgement based on 'substantial spikes in user activity', which resulted in certain firms seeing an increase in the Linkedin activity of their employees, measured by member registrations or updates to the individual's company.

The professional network claims that BarCap by far hired the most laid-off talent during the financial crisis, followed by Credit Suisse, Citi, Bank of America and then JPMorgan.

In the meantime, fins.com reports that Royal Bank of Canada (RBC) has nine staffers taking part at the Winter Olympics in Vancouver. The athletes, who basically are ambassadors for the bank, receive a salary 'commensurate' with RBC's public relations personnel, spend up to 20 hours a week working on bank marketing and sponsorship projects, and the rest of the time are able to train for Gold.

And The New York Daily News reports that David Shulman, the former head of municipal securities over at UBS, has paid $2.8m to settle insider-dealing accusations. Shulman was accused of using gaining an unfair advantage by selling his personal holding of auction-rate securities in 2007, ahead of firm clients, and avoiding the financial disaster than subsequently befell them.

Finally, The New York Post reports that Frank DiPascali, Bernie Madoff's No 2, has received help from US federal prosecutors, who have asked a judge that he be shown 'extraordinary' leniency at his upcoming sentencing hearing. DiPascalli, 53, has pleaded guilty to fraud, and faces up to 125 years in clink. He has, however, provided a lot of help to investigators trying to sort out the Madoff mess.

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