Royal Bank of Scotland CEO Stephen Hester told the UK Treasury Select Committee that recruitment is his 'single greatest business problem', as many would-be employees are wary of joining the bank as they fear being held back or criticized over compensation.
Here's something one banker told us:
The New York Post reports that US market regulator the Securities and Exchange Commission has confirmed that it will not charge any individuals for alleged misdeeds in connection with Bank of America's acquisition of Merrill Lynch.
Brian Moynihan, chief executive officer and president of Bank of America Corporation, Tuesday announced the company's most senior management team.
Bloomberg reports that New York State Attorney General Andrew Cuomo has sent letters to some of the biggest banks in America, trying to acertain (amongst other things) exactly how big bonus pots would have been if the US taxpayer hadn't stepped in to bail out the industry.
UBS CEO Oswald Gruebel has written a 'Panditesque' memo to his staff, attempting to rally the troops for the good fight ahead.
Here's the latest from our Highly Placed Professional.
Leading charity Action Medical Research is again challenging teams of walkers from across the UK to sign up to take part in their 11th Three Peaks Challenge event.
This weekend The Wall Street Journal ran an interview with Hank Greenberg, the former CEO of AIG, who appears to be putting the blame for his beloved ex-firm's woes down to Goldman Sachs.