The Financial Times reports that US federal prosecutors have launched an investigation to establish whether two former Credit Suisse bankers misled clients about the nature of investments in 'auction rate' securities.
Uzair Bawany, Group Managing Director at Contact Recruitment, has launced the firm's first ever interactive Vidcast.
The Daily Telegraph reports that US hedge fund Bridgewater Associates has warned clients that bank losses from the credit crisis could top $1.6 trillion, the highest estimate of losses so far.
Royal Bank of Scotland (RBS) is now moving quickly to show it means business, after 'winning' the battle with Barclays for Dutch bank ABN AMRO.
A banker nervously asked an ex-colleague, who now works at Merrill Lynch, how things were going.
Here Is The City is trying to do its bit for diversity by flagging up Stonewall's Recruitment Guide for Gay & Lesbian students. Trying to be helpful, we put a link to the guide on our news e-mail alerts.
We told you earlier this week that many folks who work in the markets, and who are worried about getting fired, are working hard to keep up the appearance of being busy.
Northjersey.com reports that 23 dead cats were found in a condemned $2.6m mansion in New Jersey last week, after the authorites were alerted when a delivery person got a whiff of a strong odour and became worried that there was a dead body inside. The house was recently sold in a foreclosure sale by Cynthia and Philip Tamis, who suffered financial problems following the bankruptcy of Mrs Tamis's business in 2003. Mr Tamis, said to be a broker at Merrill Lynch, was put on administrative leave last Wednesday.
We'd like to say a big 'thank you' to our readers for helping us hit a new high on our news site Wednesday. The markets may be going belly up, but we're certainly not!
We heard a lot about artists like The Rolling Stones, Kylie Minogue, Rod Stewart and others being hired by firms (or bankers) to strut their stuff at private functions. So we wanted to find out who you, given the choice, would like your firm to bag to entertain you.