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Spare A Thought For That Poor Devil Over At JPMorgan

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.

Former Goldman Board Member Charged In Insider Trading Scheme

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.

KKR Expands Special Situations In Europe

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').