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.
Merrill Lynch is said to be 'perplexed' over a $3m award a US federal jury in Portland made to Debora Galarneau, a 57-year-old broker who was fired by the firm in January 2004.
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.
Here Is The City and career transition and coaching firm Fairplace wanted to know what you thought of your immediate line manager.
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.
Now that the dust has settled over at Dresdner Kleinwort (name changed from DrKW on the 29th), staff can look forward to a bit more stability. And they will also know what is expected of them if they are to land a decent bonus in the years to come.
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.
Bearing in mind that John Mack will have been back at Morgan Stanley for a year on Friday, we thought we'd let our readers have some info on his career.
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.
Mercer Human Resource Consulting has just released the results of its latest research on the most expensive cities in the world. Here's the Top 20: