Well, after 52 days of testimony, the Enron trial is about to enter its final stage. US District Judge Sim Lake will now instruct the jurors on the legal issues they must consider, and closing arguements are expected to begin on Monday. The four-man, eight-woman jury could get the case to decide as early as next Wednesday, after 15 weeks in the box. Soon after, former Enron executives Ken Lay and Jeffrey Skilling, both charged with fraud, will learn of their fate.
Retired Swiss skiing star Corinne Rey-Bellet, 33, and her brother, Alain, were murdered in a chalet in the Alps the Sunday before last. Police said that five shots were fired by an attacker. The chief suspect was Ms Rey-Bellet's husband, 34-year-old Gerold Stadler, said to be a Credit Suisse private banker. Stadler was said to have been seen fleeing the death scene with a gun in his hand. Police lost him after a high-speed car chase, and then issued a warrant for his arrest. Ms Rey-Bellet's mother was also injured in the attack.
Although HSBC's ex-global head of equities, Peter Lewis, lost a claim that he was fired for his gender preference, his former employer may still end up paying out several hundreds of thousands of pounds in damages to him.
London's hedge fund community were said to be out in force on Friday, as several big-shots attended the annual ARK (Absolute Return for Kids) charity dinner at Marlborough House, Pall Mall, and raised a whopping £17.5m for worthy childrens' causes.
There were press reports at the weekend that there's further trouble at mill over at fund manager Gartmore.
Here are the main winners in the recently published Sunday Times/Starmine Analysts of the Year Awards, selected from more than 1,046 analysts who work for 38 brokerage firms in the UK and Ireland:
'Magic Circle' law firm Clifford Chance's annual revenues are thought likely to surpass the £1bn mark for the first time when they are revealed in a few weeks time. According to the Daily Telegraph, top-tier equity partners can expect to pull in £850,000 in comp each.
Mark Twain once cabled the Associated Press from Europe to confirm that 'the report of my death was an exaggeration'. DrKW might have to do something similar if the rumours swirling about its future persist.
We're now in the midst of the most frenetic hiring binge seen in the financial markets since the heady days of the dot com boom. Record profits have enabled many firms to really push the boat out on the hiring front, and many are hiring three times more staff each month than they were in 2005. But old habits die hard, and some firms are finding that they are unable to move quickly enough to bag hires before the competition, as they are bogged down in process.
There was a time, and not too long ago, when most of the top US investment and 'Universal' banks looked down their noses at the likes of Deutsche Bank and UBS. Well, not any more. Both firms are really in the big league now.