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Firm Wants To Go Dutch - Reported $155bn Bid For ABN

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).

MBAs - Are They A Waste Of Space ?

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'.

Amaranth Trader, Anchor Point, Blackstone, Citi, RBS

The 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.

Firm Sues Rival For $750m Over 'Poaching' Staff

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.

BofA, Bear, Goldman, Lehman, Morgan Stanley, Schroders

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.

Bonuses - Last Chance To Rate Your Wad

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:

Citigroup - Prince Still Paid Like A King

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.



James Gorman Pic

Morgan Stanley CEO Gorman Faces Hot Seat

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.