The Times reports that Nomura International is in a legal spat with a City headhunter over fees of up to $148m, which the recruiter is said to be claiming in connection with the introduction of staff to the Japanese firm following the collapse of Lehman Brothers.
Former Royal Bank of Scotland CEO Sir Fred Goodwin is returning to the UK soon and mainly, so the story goes, as he is keen for his kids to benefit from better schooling. And, as a parent, you can't blame him for that.
Bloomberg reports that former Credit Suisse broker Eric Butler, 37, was found guilty this week by a New York jury of fraudulently selling mortgage-backed securities linked to auction-rate notes to investors.
The Financial Times reports that JPMorgan is thought to have asked UK market regulator The Financial Services Authority to look into a $50m compensation package allegedly being offered to its star commodity trader, Todd Edgar, and his team, by Barclays Capital to entice them to join. JPMorgan is said to be concerned that the package, made up of cash and stock, will serve to distort City pay.
Q - Why are banks looking to pay decent bonuses again ?
'It was coming up to Christmas 2008, and I was sure that things couldn't get any worse. How wrong was I!
Despite all the headlines about Bernard Madoff, who pleaded guilty to running a $65 billion Ponzi scheme, he is still shrouded in mystery. Why (and when) did he turn his legitimate business into a massive fraud ? How did he fool so many smart investors for so long ? Who among his family and employees knew the truth ?
The New York Times reports that Evercore Partners is having to seek the approval of a bankruptcy judge to get its General Motors advisory fee paid. Nothing strange there.
The Financial Times reports that Frank DiPascali, the man who worked for Bernie Madoff for 33 years and ended up as his deputy, has pleaded guilty to 10 criminal charges, and now faces the prospect of up to 20 years in clink.
'Despite what the tabloids will have you believe, not every banker will be laughing all the way to the bank with a bag full of bonus cash this year-end.
It's not all doom and gloom.
Former Goldman Sachs Group trader Matthew Taylor was sentenced to nine months in prison for concealing an unauthorized $8.3bn trading position in 2007 that caused the bank to lose $118m.
Sporting events, dead celebrities and, perhaps inevitably, One Direction, dominated the national debate in Britain last year, at least on the social network Twitter, which has revealed the 10 most tweeted about topics of 2013.