The Sunday Telegraph reports that hundreds of staff who work in ABN AMRO's investment banking operation in London are likely to lose their jobs in the proposed 'merger' between the Dutch bank and Barclays.
Goldman boss Lloyd Blankfein is thought to be on the move. Dipping into some of his hard-earned, Blankfein is said to be spending a cool $41m to buy the 'Old Trees' estate in Southampton - and that for a property which he will probably only use on weekends for a maximum of 5 months a year!
It was 12 months ago when we visited the 'Day in the Life' section of Goldman's website, where there are profiles of staff who work for the firm around the globe. And many were working rather hard.
We're a funny old race, us English. We criticize failure (witness all the recent stuff about the English football team), but we love to have a pop at success too. And BarCap boss, Bob Diamond, being a successful (and rich) American in London, is an easy target.
Here are a few more details of 2006 CEO compensation:
Business Week reports that a US federal judge last week kicked out a class action lawsuit which related to the bank's relationship with failed energy giant Enron.
Reuters reports that Citigroup 'is on the lookout for acquisitions in Germany and could swoop on a big bank'.
Four brave young lads from Winterflood Securities plan to get their kit off for charity (or at least that's their excuse), and need your help.
The Wall Street Journal reports that UBS said Wednesday that the build-out of its fixed income, rates and currencies businesses is 75% complete.
Spare a thought for 42 year-old Timothy O'Connell. The former Merrill Lynch stockbroker is already on trial in the US for allegedly taking bribes to provide third parties with access to his firm's 'squawk box'. He was also arrested in New York on Wednesday on state gambling charges.