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Kerviel's Facebook Friend Said Arrested In Rogue Trading Probe

When news broke a few weeks back that Societe Generale's $7.1bn rogue trader was one Jerome Kerviel, 10 of his 11 'friends' detailed on the social networking site Facebook quickly deleted their names. The only one who didn't, Manuel Zabraniecki, has now been identified in the media as the latest person to be detained by French police, as investigating judges follow the evidence in the SG rogue trading affair.

Best Corporate Career Websites 2008

Stockholm-based market research firm Potential Communinications surveyed MBA students and recent graduates in order to compile its third annual list of the best company career portals. Here's the Top 30:

The Longest Career Suicide Note In History

Note with Quill

What do you think your firm would do if you painted a picture of it that was less than flattering ? Oh, and you happened to provide details of a bit of laddish behaviour, a touch of racism and the odd drunken exploit to a journalist, who subsequently wrote up a piece which appeared in the national media. Would it come as a surprise to you if you were subsequently asked to leave ?

The Latest On The Market Turmoil

The Daily Telegraph reports that the US Federal Reserve has pledged $200bn of emergency funding to ease liquidity problems in the markets. The move is designed to help alleviate the problems caused because of the current reluctance of banks and other financial institutions to actually lend money to each other. Creditworthy borrowers will now be able to stand in line and tap the Fed for money instead (although, in the scheme of things, $200bn is actually not a lot).




Ex-Credit Suisse CDO Chief Pleads Guilty

Kareem Serageldin, the ex-global head of Credit Suisse’s structured credit trading business, pleaded guilty to conspiracy, saying that when he discovered subordinates falsifying the value of mortgage-backed bonds in late 2007, he joined the scheme rather than stop it.