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Goldman Sachs - CEO Blankfein May Have To Go

Respected Rochdale Securities analyst Richard Bove issued a sobering research note to clients Friday, in the wake of the news that US market regulator The Securities and Exchange Commission was charging Goldman with fraud.

Top Firm Looking To Double Base Pay

The Daily Telegraph reports that Royal Bank of Scotland (RBS) is to increase the base pay of some its investment bankers in order to change the compensation mix, placing less reliance on year-end bonuses. And, according to the newspaper, in some instances this will mean that salaries will double.

Quote Of The Week

'The definition of a good trader is a guy who takes losses. The definition of an ex-trader is one who tries to cover up a loss'.

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Federal prosecutors seek 'any and all' SAC assets

SAC Capital and its founder Steve Cohen could be left penniless if prosecutors are successful in their case against the firm. U.S. Attorney Preet Bharara unveiled a civil complaint targeting "any and all assets" of SAC and its funds.