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JPMorgan Mulls Docklands Move, HSBC To Sell HQ Building

The Evening Standard reports that JPMorgan is mulling over a possible move to Docklands, joining Bank of America, Barclays Capital, Citigroup, Credit Suisse, HSBC, Lehman Brothers, Morgan Stanley and a raft of other firms. If the move goes ahead, the only top-tier investment banks remaining in the so-called 'square mile' will be Deutsche Bank, Goldman Sachs, Merrill Lynch and UBS.

Trading Efficiency & Trader Bonuses

Reuters reports that although the top US investment banks all posted record sales and trading revenues last year, some firms were more 'efficient' than others - that's according to rankings released by Bernstein Research.

Top Firm's Firewalls Said To Cause Recruitment Havoc

Citigroup is just one of a number of firms which has suffered from the recent increase in spam e-mails. Quite naturally, the company has tightened its firewalls. The trouble is, according to firm insiders, Citigroup's newly fortified firewalls are blocking legitimate business e-mails, and causing more problems than they are solving. IT, it seems, is bogged down with dockets asking for servers which have been added to a blocked list to be removed.

Man, Morgan Stanley, Nikko, RBC, Firms In $3.5bn Lawsuit

The Sunday Telegraph reports that Man Group, the world's largest publicly-traded hedge fund, has hired five investment banks, including Citigroup and Merrill Lynch, to handle the planned IPO of Man Financial, its US brokerage business. The unit is set to be valued at between $5bn and $7bn.