The Times reports that traders at Royal Bank of Scotland's global markets and commodities trading units (RBS Sempra) are thought likely to quit after a forthcoming review of pay to be undertaken at the now mainly government-owned bank.
The Times reports that the three top executives at GLG Partners, once the biggest hedge fund in Europe, have cut their salaries to $1 for the remainder of the year.
Only the very brave (or the very stupid) admit to being a banker these days.
US Treasury Secretary Tim Geithner rocked up to Capital Hill Tuesday. See here the irrepressible Representative Maxine Waters (Democratic, California) having a pop at Goldman.
Firms are looking at all sorts of way to cut down on costs these days, and potted plants, it seems, are one 'luxury' item that under-pressure financial institutions are getting rid of in their droves.
US President Barack Obama has, as expected, started to tone down his anti-Wall Street rhetoric. Speaking in a prime-time press conference Tuesday, Obama said that although the American people are understandably angry that taxpayers dollars may have been used to pay Wall Street bonuses, the country 'can't afford to demonize every investor or entrepreneur who seeks to make a profit'.
The Wall Street Journal reports that New York State Attorney General Andrew Cuomo said Monday that 15 of the largest 20 AIG Financial Products group retention bonus recipients have agreed to give back their $50m payouts in the wake of the public outrage over the payments, which total some $165m.
As the Dow Jones Industrial Average rose almost 500 Points Monday (6.8%), there's a slightly better mood in the markets.
The Wall Street Journal's 'Heard on the Street' column reports 'gallows humour' over at the Goldman Sachs trading floor on the 29th floor at 85 Broad St - the sound of the Soviet anthem was apparently heard across the floor last week, after traders heard that that 90% punitive bonus legislation had successfully passed through the House of Representatives.
Reuters reports that a group of bonus protesters went on a bus tour dubbed 'Lifestyles of the Rich and Infamous' around the Connecticut homes of AIG executives Saturday.
Senior bankers will face up to seven years in jail if they are found to have committed a new offence of reckless misconduct being proposed by the government as part of a series of measures to clean up the City in the wake of the 2008 banking crisis.
Police in New York City are investigating an unusual incident that unfolded close to Goldman's HQ building in the early morning hours on Monday.
A devout Sikh is suing his former bank for over £50,000 ($81,165) after colleagues allegedly interfered with his turban and asked him whether it 'flashed red in an emergency'.