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Junior Goldman & Merrill Staff Arrested For Insider Trading

US federal prosecutors have arrested Stanislav Shpigelman, 23, an analyst in Merrill Lynch's M&A department, and 26 year-old Goldman associate Eugene Plotkin, in connection with a $6.7m insider trading scheme. 29 year-old former Goldman analyst David Pajcin was previously arrested in regard to the same matter.

The Latest On That Citigroup Cigarette Break

The Australian Securities & Investments Commission (ASIC) is worried that 'Chinese Walls' in place at investment banks still do not guard against conflicts of interest. The regulator's concerns over proprietary trading are behind the decision to sue Citigroup, to establish whether the 'construction' of Chinese Walls are actually enough to ensure the integrity of the market. Citigroup will no doubt be delighted that the regulator has selected the company for this dubious honour.

Barclays, Investec, Lehman Brothers, Morgan Stanley

Barclays bank is planning to ramp up its wealth management operations in a bid to play catch-up with other European rivals. According to the Financial Times, the unit wil spend up to £125m a year for the next 3 years to bring in new talent and to upgrade technology.

Goldman Boss In The Frame For Treasury Secretary ?

Well, Morgan Stanley boss John Mack may well have reassured his troops that he is not off to Washington to become Treasury Secretary in succession to current incumbent John Snow, but Goldman chairman and CEO Hank Paulson hasn't done the same. And the smart money says that Paulson is in with a shot.

So, Why Would You Join A New Firm ?

Apart from a better salary, a bigger bonus and improved career prospects, that is! But most organisations will make promises to deliver these goods during the interview 'seduction' process - and we all know it! So what, in the final analysis, is it that makes staff jump ship ?