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Interesting Compensation Stat Of The Week

Reuters reports that, despite the outcry about excessive investment banker pay, compensation for Managing Directors at investment banks is essentially flat when compared with 1998, after allowing for inflation.

M&A Quote Of The Week

Here's something Bloomberg has reported that came from Timothy Sloan, the CFO over at Wells Fargo, on the subject of acquisitions.



Money On Hook

Citigroup traders said to lose $150m

Citigroup, the world’s biggest currencies dealer, lost more than $150m after the Swiss central bank’s surprise decision to let the franc trade freely against the euro, according to a person briefed on the matter.