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Ex-WorldCom Boss Starts Jail Time Today

Bernie Ebbers, the one-time CEO of WordCom, heads off to a federal prison today and will begin his 25-year sentence for engineering the largest fraud in US corporate history, which evenually led to the $11bn collapse of the company.

Enron Boss Faces Sentence A 'Changed Man'

Well, former Enron chief financial officer Andrew Fastow, the man who many feel was the evil mastermind behind the dirty dealings which caused the demise of Enron, is due to be sentenced in Houston later today.

Fat Balding Bankers Need To Find Their Voice

There was an interesting article in the Evening Standard last week, which suggests that fat balding male bankers are increasingly looking to undergo cosmestic surgery. And not, so it seems, in a bid to pull more chicks, but simply to appear younger longer, and to keep their jobs and win promotion!

Bear Stearns, BNP Paribas, Calyon, Citigroup

Financial News has reported that Bear Stearns has formed a new proprietary trading group, by merging cash equities, structured equities and clearing activities under a new management team led by Bruce Lisman and Steven Meyer. Both will report into Warren Spector, Bear's President and Chief Operating Officer.