There's little good news. That's according to two London-based financial recruiters.
The co-ordinated action of various central banks last week to increase liquidity in the financial markets gave rise to much speculation as to why such drastic action was so urgently required.
The 450-page Financial Services Authority (FSA) report on the causes of the failure of Royal Bank of Scotland is due to be published next week.
Here's a few links to some interesting Bloomberg, CNBC, New York Times and Reuters stories currently doing the rounds.
Jon Corzine, the former CEO of MF Global has been subpoenaed by the US House Agricultural Committee to appear at hearings convened to try and get to the bottom of what caused the demise of the now-bankrupt-firm.
The Financial Services Authority (FSA) has issued its largest ever retail fine of £10.5m to HSBC because of inappropriate investment advice provided by one of its subsidiaries, NHFA Limited (NHFA) to elderly customers.
The longer the economic crisis goes on, the less credible sticking plaster solutions become.
J.P. Morgan announced last week that David Mayhew, Chairman of J.P. Morgan Cazenove, has been named a Vice Chairman of the global Investment Bank.
Here is a quick look at other business stories hitting the headlines.
The following top 32 firms will face off in 8 groups of four, with the top 2 from each group going through to the next round.
When a customer spends £2,500 on a bag so tiny that it just about fits their keys, cards and lipstick, a certain kind of shopping experience is usually expected: plush cream carpets, deferential one-on-one service and a tissue-wrapped purchase handed over in a glossy store bag.
JPMorgan executives have been deposed and thousands of pages of internal documents subpoenaed as part of a U.S. investigation into the bank’s asset-management unit, according to people familiar with the situation.