Here's the latest from our Highly Placed Professional.
Here's a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories currently doing the rounds.
Hey, it still clearly hurts, but that's life.
Well, you can't win 'em all.
Wells Fargo Bank has announced that it has entered into a definitive agreement to acquire the North American reserve- based and related diversified energy lending business of BNP Paribas
Bloomberg's Shannon Pettypiece reports on the findings of a study about the health concerns associated with the long hours and stress in the investment banking community.
The Bank of England is facing an unprecedented criminal investigation by the Serious Fraud Office over emergency lending measures it took at the height of the credit crisis to inject cash into financial markets.
The world’s super-rich continued their seemingly unstoppable rise last year with the number of people worth $30m (£19.7m) or more expanding to 172,850. Between them they control nearly $22tn in assets – more than the national output of the US and Germany combined.
Citigroup is set to make a round of redundancies within its markets and securities business in the Europe, Middle East and Africa region, according to an internal memo sent to staff Tuesday and seen by IFR.