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More On Madoff

Bloomberg reports that $65bn fraudster Bernie Madoff's lawyers are attempting to obtain the release of their client pending his sentencing on June 16th (he is expected to get 150 years). After admitting in Court Thursday that he engaged in a 'Ponzi' scheme which lasted over 15 years, Madoff is being held in New York's Metropolitan Correctional Centre.

What Vikram Really Meant

Global equity markets really loved what Citi CEO Vikram Pandit had to say about the performance of his firm earlier this week. Here's something sent in by one of our readers, who has been reading between the lines: