In an otherwise laudatory article about CEO Jamie Dimon and his JPMorgan Chase team, Fortune magazine reports that in 2007 bankers in a JPMorgan unit bought a $2bn subprime CDO as an investment - which subsequently fell 50% in value and resulted in a $1bn third-quarter writedown.
CNBC reports that Lehman Brothers hopes to finalize its capital raising plans as early as this week, but in the meantime, there's the usual diet of Lehman stories in the press.
Reuters reports that HBOS CEO Andy Hornby told the BBC last week that he feels that the credit crunch still has 18 months to run.
CNBC reports that, according to an analysis by JPMorgan Chase, the Bear Stearns debacle earlier this year could have brought down Lehman Brothers, Merrill Lynch and Morgan Stanley.
Bloomberg reports that, according to a report prepared by outplacement firm Challenger, Gray & Christmas, financial firms laid-off some 2,182 people in August - the smallest monthly number for a year.
Here's a note of our most popular Life stories last month.
The Times reports that 'beleaguered' German bank WestLB looks set to cut 'several hundred' more staff, most likely in Asia and South America, as it comes to terms with first-half losses of £252.7m after further loan provisions. The bank posted a £1.2bn pre-tax loss in 2002. More job cuts in Germany are also thought to be on the cards.
Commerzbank CEO Martin Blessing marched into the Lion's Den Wednesday, rocking up at Dresdner Kleinwort's London HQ building in Gresham Street to address his new troops. And he is said to have impressive his audience (staff in other locations were able to watch via video conferencing) with his easy-going, straight-forward manner.
In the absence of any official (or unofficial) word from Lehman Brothers, the rumor-mill continues to work overtime about what's likely to happen to the Wall Street firm. Here's the latest.
The Daily Telegraph reports that Royal Bank of Scotland (RBS) analysts led by Ian Smillie have said that Barclays may need to raise up to $13.3bn to bring its capital postion in line with investment banking peers.