Barclays President Bob Diamond has bagged a $95m payday, and the 58-year-old American is worth every cent.
The Times reports that London-based bankers have 'scoffed' at the compensation terms being offered by the UK Treasury, as it attempts to lure some of the City's finest away to work at the Asset Protection Agency, which monitors the management of the assets owned by the government following its forced intervention into the financial markets.
The Wall Street Journal reports that 2009 wasn't such a bad year for Goldman's top executives after all.
By John Fuller
Reuters reports that data analyzed by Linkedin has revealed that canny Barclays Capital has hired more staff laid-off by rivals than any other investment bank.
We've had a few decent comments in about 'no jerk' hiring policies.
By Grant Gordon and Nigel Nicholson.
The Wall Street Journal reports that, according to three people in the know (including a couple of former inmates), Bernie Madoff was assaulted by a fellow lag last December, and suffered a broken nose and fractured ribs.
Here's part of the statement issued by Tullett Prebon on the Judgement handed down this week at the Royal Courts of Justice, London.
The Times reports that UK securities regulator The Financial Services Authority (FSA) is considering forcing City firms to record conversations their traders have on their work cell phones, as the regulator clamps down hard on insider trading.