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More On The Market Madness

Trading Floor - New York Stock Exchange

It wasn't just UBS making the news Tuesday. On the day that the Swiss bank announced a $12bn first-quarter loss after some $19bn of asset write-downs, other firms too were hitting the headlines.

Risk - Those Who Can, Do - Those Who Can't Teach (Or Preach)

You gotta love those good old boys over at UK market regulator The Financial Services Authority (FSA). Every time there's a crisis they come out and up the salaries for their staff in order to attract the City's best. Talk about closing the stable door after the horse has bolted! Wouldn't it be better to hire the brightest and best in order to ensure that a crisis doen't occur in the first place ?!

Flashing Banker Jailed, 'Super Bank' Rumours

The Daily Mail reports that 31 year-old Aldous Voice, said to be an Associate Director in FX with a major City bank, was sentenced to four months in clink last week, after admitting endangering the safety of a helicopter by flashing a five million candle power lamp from his kitchen window.