In what we are all hoping isn't the shape of things to come, MF Global has just announced an unexpected loss for the quarter ended 31st March (its fifth-straight quarterly loss) of $96.5m.
MBA graduates from Harvard Business School are apparently taking an Ethics Oath on returning to the real work.
CNBC reports that some staff over at Merrill Lynch are getting miffed that Bank of America is gradually replacing the famous Merrill 'Principles' with its own 'Core Values'.
29-year-old Steven Mandala managed to con Merrill Lynch into giving him a job in 2009. The broker lied about his qualifications and forged pay stubs and tax returns, tricking Merrill into believing that he was a top-notch broker who earned $765,000-a-year.
Go easy on me.
By Vic Daniels
Bloomberg reports that although Goldman may well have made money on every trading day during the last quarter, those who listened to the firm's investment advise have not yet quite made off like bandits
John Mack's epitaph isn't likely to be a list of his many achievements working on Wall Street, but rather the memory of the time he told Tim Geithner, then President of the New York Fed (and now US Treasury Secretary) to 'get f*cked'.
Bloomberg reports that Germany banned naked short selling and naked credit-default swaps of euro area government bonds at midnight Tuesday, as lawmakers blame the practice for worstening the European debt crisis.
The SEC is releasing proposed rules dictating how and when exchanges should take a time out when stocks start to fall. The following statement was released by the SEC on Tuesday: