Here's something just in from our New York correspondent
Reuters New York reports that Samarth Agrawal, the former trader at French Bank Societe Generale who was found guilty of stealing a proprietary trading code from the bank in November, has been sentenced to 36 months in prison.
The Financial Times reports that UBS has reshuffled the leadership in its securities unit.
Global alternative asset manager The Carlyle Group today named Peter J. Clare Co-head of the US Buyout Group, and Adam J. Palmer Head of the Global Aerospace & Defense sector team.
Standard Chartered Bank has just posted its 2010 full-year earnings.
You may have noticed that a number of firms have come out in recent filings and advised that they may in the future sustain losses (varying from multi-millions to several billions) from a variety of lawsuits that have been filed against them and are working their way through various legal systems.
The Securities and Exchange Commission has announced insider trading charges against a Westport, Conn.-based business consultant who has served on the boards of directors at Goldman Sachs and Procter & Gamble for illegally tipping Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information about the quarterly earnings at both firms, as well as an impending $5bn investment by Berkshire Hathaway in Goldman.
BUSINESS WIRE - Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, 'KKR') has announced the appointment of Mubashir Mukadam as European Head of Special Situations for KKR's $14 billion asset management platform, KKR Asset Management LLC ('KAM').
London bankers are ditching their smart suits and morning cappuccino for another weekend of hard graft to raise money for Havens Hospices.
Jefferies has announced the addition of David W. Bradley who joins the firm as a Managing Director and Global Head of Industrials Investment Banking. Bradley will be based in the firm's New York office.