Dow Jones Newswires reports that Merrill Lynch has suspended a London-based equity derivatives trader after finding that he mismarked some of his trades.
On Friday French bank Societe Generale released its second report into its $7.7bn rogue trading scandal. The report was prepared by PwC, the bank's internal audit team and three of the company's non-executive directors.
Alpha magazine has come up with a list of the 100 largest hedge funds in terms of assets under management as at 31st December last.
With more financial markets professionals currently on the lookout for jobs than there are open positions, it's clearly a buyer's market. And some redundant bankers are taking advantage of their situation (and their exit cash) to take stock. Not everyone is in a rush to get back into the industry.
The Financial Times revealed last week that, due to a bug in its computer system, Moody's incorrectly awarded AAA ratings to billions of complex debt products. The error is said to have been discovered in early 2007, but the tranches of debt were not actually downgraded until January this year.
For all you risk and compliance types (and anyone else interested), here's an English translation of Societe Generale's report to its shareholders on the subject of that $7.9bn trading loss.
CNBC reports that JPMorgan has started to axe staff in what is being described as a 'major round of layoffs'.
This is an actual job application that a 75-year-old pensioner submitted to a large DIY chain in the UK.
With apologies to all those Chelsea fans out there (not)..........
Execuzen. Voted into top slot by HereIsTheCity readers for the third year running.