The Sunday newspapers were all over the latest ABN AMRO story like a rash. Both The Sunday Times and The Sunday Telegraph have reported that Barclays Bank has made an informal approach to acquire Dutch bank ABN AMRO in a deal thought to be worth around $155.3bn (£80bn).
While the London recruitment market appears to be going through a bit of a pause after 2 years of hiring frenzy, it's all hands to the pumps over in the US.
A recent poll undetaken by eFinancialcareers found that 33.3% of respondents felt the value of an MBA in the workplace was 'invariably pointless'. Yet competition for MBAs amongst investment banks is thought likely to push their starting packages up again this year. And Bloomberg reports that 'salaries and signing bonuses for newly MBAs were the highest last year since the data (has) been tracked'.
The Street.com reports that Brian Hunter, 33, the trader who made those disasterous energy trades which forced hedge fund Amaranth to close it doors, looks set to start his own firm in May, with $800m in capital from Middle Eastern and Russian investors.
Here's a few famous words uttered by John Pierpont Morgan (1837 - 1913):
Reuters reports that Calyon, Credit Agricole's investment banking arm, has launched a US lawsuit against Japan's Mizuho Financial Group, claiming that the Japanese bank illegally poached essential staff from a structured finance unit.
Rumours abound that UBS is in danger of losing Kenneth Moelis, the president of the bank's US investment banking unit.
The Wall Street Journal reports that Bank of America's brokerage unit will pay $26m to settle allegations that the firm failed to take sufficient safeguards about forthcoming research reports, and that it issued fraudulent research on companies including Intel.
We've been inundated with your responses to our 2006 Bonus Satisfaction Survey. If you haven't got your views in about your last bonus, you can do so by pressing on our survey link in the body of the text below. In the meantime, here's what you have been telling us about your bonuses so far:
The Wall Street Journal reports that Citigroup Chairman and CEO Chuck Prince got a $1.2m increase in his bonus wad last year (up to $13.2m) - despite the fact that company profits fell some 12% and Citigroup's share price failed to impress.
The 'A' men get a 'D' grade ?
Morgan Stanley Chairman and CEO James Gorman may face some intense questioning Tuesday at the firm's annual meeting in Purchase, NY. The shares are down more than 19 percent since Gorman took the helm in January, 2010.
Sony, the Japanese electronics and entertainment giant, is facing an audacious breakup attempt in a battle that could rock the staid Japanese corporate world.