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Who Is 'Hank' Paulson ?

Born in Palm Beach, Florida, to Marianna Gallaeur and Henry Merritt Paulson, a wholesale jeweler, Henry ('Hank') Paulson was raised in Barrington Hills, Illinois. He was raised as a Christian Scientist. Paulson attained the rank of Eagle Scout in the Boy Scouts of America.

Firm CEOs Get 'Bonus' Letter From US Lawmakers

Here's the 'bonus' letter sent to the CEOs of Bank of America, Bank of New York, Citi, Goldman Sachs, JPMorgan Chase, Merrill Lynch, Morgan Stanley, State Street Corp. and Wells Fargo by Henry Waxman, Chairman of the US Congress Committee on Oversight & Government Reform.

French Police Question Trader Over $975m Trading Loss

The Straits Times reports that French police have questionned a trader at Caisse d'Epargne over the $975m trading loss incurred earlier this month. Police are said to have visited the trader's home Wednesday and are thought to have seized documents during the search of the premises.

Goldman Sachs Reveals List Of New Partners

Goldman tapped 94 folks on the shoulder and invited them to become partners in the firm. The number is down from the 115 who were named two years ago. Whether being a Goldman partner is still a ride on the gravy train, however, remains to be seen.

More Job Loss News

Bloomberg reports that Credit Suisse has confirmed that it is to axe another 500 investment banking jobs.