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.
Reuters reports that Solengo Capital, a new hedge fund founded by former Amaranth trader Brian Hunter (yes, the man said to have lost over $6bn in just week last September in the wholesale gas market), has asked two blogs to remove the firm's marking materials from their websites.
Leonhard Fischer, the man recently appointed to head Credit Suisse's European business units, is off. He will become co-CEO of Belgium-based RHJ International, part of a private equity group.
Citigroup has entered the ABN AMRO deal mania - not as a predator, but by joining the group of firms advising Barclays Bank. That will put paid to the rumours that Citigroup boss Chuck Prince was buckling under the pressure from senior executives to make a hostile bid himself for the Dutch bank.
Warning - please do not attempt to try this at home. Well, not unless you have a 197 feet escalator on the premises.
The Wall Street Journal reports that Deutsche Bank looks set for some legal woes after luring away 16 fund managers from Amvescap. The group of 16 key staff are said to have been responsible for managing 20% of Amvescap's $465bn in assets.
Reuters reports that a US District Judge has confirmed a $14m arbitration award made to 3 former Merrill Lynch brokers, who were fired from the firm in October 2003 over claims that they were involved in market timing of mutual funds. The brokers always claimed that they had done nothing wrong, and said that Merrill's policy in this matter was vague and unworkable.