Wall Street looks likely to enjoy a near-record bonus season this year thanks to the US government (in particular President Obama, Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke).
Bloomberg reports that the European Union is likely to approve strict bonus proposals later this week which will limit 'bankers to receiving a maximum of a quarter of their bonuses in immediate cash payouts'.
The Guardian reports that UK Business Secretary Vince Cable has written to Lord Turner, the chairman of The Financial Services Authority (FSA), seeking the publication of the regulator's recent report into the meltdown at The Royal Bank of Scotland.
Here's a few interesting quotes in the media this week concerning Citigroup.
Here's a few cracking quotes we came across this week.
Business Insider says that it's the best title for a research report ever. It's certainly among the most memorable.
Uber bank analyst Meredith Whitney was on CNBC Tuesday, and predicted that the fall-off in investment banking revenues in the second-half means that 2010 year-end bonuses for the industry are going to be 'really, really' bad.
Well, this guy is certainly one banker who emerged from the financial crisis with his wallet intact.
34-year-old former broker Steve Perkins hit the headlines last week, after he was banned from the UK securities industry for 5 years and fined for executing some $520,000 of unauthorised oil trades from home while allegedly under the influence of alcohol.
Here's something anonymous we received in the post the other day.