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Fight For Young Talent Takes Dirty Turn

As the war to attract top talent gathers pace, investment banks are sending out recruiters to sign up talent at an ever younger age. Some recruiters, however, are finding this to be really dirty work. Click the arrow below twice to see the video.

Alleged Offshoring Fraud - Those In Glass Houses

The news that an HSBC employee in Bangalore was arrested earlier this week in connection with allegations of a $416,000 fraud on 16 of the bank's UK customers, has predictably resulted in calls for companies to look again at offshoring initiatives and, where possible, pull projects back home.

The Latest Other Financial News In Brief

Henry Paulson has been quickly confirmed by the US Senate to become President George W Bush's Treasury Secretary in succession to John Snow. Paulson is thought likely to be a powerful influence in US policy-making.

Top Firm Pays For Massive Compliance Foul Up

The Wall Street Journal reports that Morgan Stanley will pay $10m to settle US Securities and Exchange Commission (SEC) claims that a massive systems foul up resulted in the firm failing to monitor trades executed by thousands of staff between at least 1999 and 2003.

Latest Other Financial News In Brief

The three former NatWest bankers wanted in the US for alleged Enron-related crimes have had a request to postpone extradition to that country turned down by The European Court of Human Rights. David Bermingham, Giles Darby and Gary Mulgrew are likely to be taken to the US in July. They could face up to 1 year in detention before their case is heard, as they are unlikely to be given bail.