Now that Rajat Gupta, the former Goldman board director (and ex-lead partner over at McKinsey) has been charged with insider trading linked to the Raj Rajaratnam (hedge fund Galleon founder) insider case, new juicy allegations are emerging.
Incredibly, it was 1949 (and you thought they were a relatively new thing).
The Securities and Exchange Commission has proposed a rule that would require certain financial institutions to disclose the structure of their incentive-based compensation practices, and prohibit such institutions from maintaining compensation arrangements that encourage inappropriate risks.
The New York Post reports that some feel that Morgan Stanley's high-profile internet analyst Mary Mecker may have been given a better ride by US regulators as she is a woman and, unlike fallen stars Henry Blodget, Jack Grubman and Frank Quattrone, has a 'genteel' nature.
Credit Suisse has announced that Eric Miller will join the Bank as a Managing Director and Head of Fixed Income Research globally, effective June, 2011.
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.