By the end of September 2011, the big three banks had amassed a bill of around £9bn to pay their investment banking staff.
In case you missed them, here's last week's top stories.
Still no let up on the job loss news.
There's little good news. That's according to two London-based financial recruiters.
The co-ordinated action of various central banks last week to increase liquidity in the financial markets gave rise to much speculation as to why such drastic action was so urgently required.
The 450-page Financial Services Authority (FSA) report on the causes of the failure of Royal Bank of Scotland is due to be published next week.
Here's a few links to some interesting Bloomberg, CNBC, New York Times and Reuters stories currently doing the rounds.
Jon Corzine, the former CEO of MF Global has been subpoenaed by the US House Agricultural Committee to appear at hearings convened to try and get to the bottom of what caused the demise of the now-bankrupt-firm.
The Financial Services Authority (FSA) has issued its largest ever retail fine of £10.5m to HSBC because of inappropriate investment advice provided by one of its subsidiaries, NHFA Limited (NHFA) to elderly customers.
New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe General, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said.
Kenneth Griffin, whose Citadel hedge funds manage $24 billion in assets, said in a letter to investors Monday that he is approaching 2015 with "vigilance" in light of tumultuous market circumstances.
Former investment banker Graeme Porteous was slammed into a tree in the Italian Alps whilst skiing with a group of friends