CNBC's Charlie Gasparino reports that Bank of America's board is said to be in 'civil war' over who should become the successor to departing CEO Ken Lewis.
The Wall Street Journal reports that, according to a new survey undertaken by Johnson Associates, investment banking staff in fixed income and equities could see their bonuses rise by up to 60% for 2009.
Bloomberg reports that Barclays Capital and Nomura, both of which have navigated the financial crisis without having to resort to state aid, are hiring 'hundreds' of staff from rivals who are hampered by bonus constraints imposed by national governments.
It's been a long time coming, but the H1N1 threat has finally hit Wall Street - not the virus itself though, but anger from lawmakers and activist groups who are annoyed that some financial markets professionals might be getting the vaccine at a time when hospitals are experiencing shortfalls, and the vulnerable in society aren't being taken care of.
The fact that Royal Bank of Scotland has agreed to (or been forced to) limit cash bonuses to those staff who earn £39,000 or less this year, has got a lot of people concerned that staff will leave in droves for compensation pastures new.
The New York Times reports that UBS has been fined $13.3m by UK securities regulator The Financial Services Authority (FSA) for some dodgy goings on over at its wealth management arm in London.
This is no ordinary chain letter. Reading and acting on this could save you a lot of time, inconvenience and much embarrassment. Ignoring this e-mail could ruin your career.
Bob Kelly, the Chairman & CEO of Bank of New York Mellon was so keen to distance himself from the suggestion that he might be interested in the vacant CEO position over at Bank of America, that he wrote to his Operating Committee to tell the members that he remains in love with his current job.
A few readers have commented on the fact that the shortlist of candidates being mentioned in connection with the Bank of America CEO vacancy is heavy male-biased - only one candidate out of around 30 possibilities.
Now that former Goldman chairman and co-CEO Jon Corzine has lost his bid for re-election as Democratic Governor of New Jersey, speculation is mounting about what the 62-year-old might do next.