Bloomberg reports that Daniel Gordon, Merrill Lynch's former chief energy trader, has pleaded guilty to money laundering and wire fraud and admitted he embezzled $43m from Merrill in 2000.
Few outside of Italy will have probably heard of Italian food multi-national Parmalat. That's about to change. Almost $5bn appears to have disappeared from the group's coffers and Bank of America has been pulled into the scandal. The affair is already being called 'Europe's Enron' in the press.
Can The Guardian be sending us all up ? Did JP Morgan staff receive a spoof e-mail ? Or worse, could the following actually be true ?
Robin Saunders, WestLB's star principal finance banker, is off. The move will surprise no-one. She will officially leave the bank at the end of the year and is said to be taking a deferred bonus of up to £1m with her when she goes.
Goldman Sachs, Lehman Brothers and Morgan Stanley posted strong quarter four figures last week. The firms' net revenues were up 91%, over 100% and 42% respectively on the same period 12 months ago.
Despite the news last week that Lehman Brothers had pulled back some jobs from India to the US, the firm has confirmed that it is not giving up on India and has plans to transfer more jobs there.
The Wall Street Journal reports that many are beginning to wonder what progress has actually been made integrating Credit Agricole and Credit Lyonnais following their merger earlier this year. The resignation last week of Credit Agricole's deputy chief executive, Dominique Ferrero, the man tasked with spearheading the merger, has made some think that not very much progress has been made.
CBSMarketWatch reports that the final settlement between Alliance Capital and US state and federal regulators may cost the firm as much as $600m. Alliance has been charged with secretly permitting certain clients to execute market-timing trades.
New Star Asset Management has purchased six retail unit trusts from Aberdeen Asset Management for over £90m.
Xherdan Shaqiri joined Liverpool in the summer of 2018.
Leeds United reportedly baulked at the South American's price-tag.
Reported Tottenham Hotspur summer target Dani Ceballos was in action for Arsenal against Burnley on Saturday.
It wasn't a game for the former Aston Villa player on Friday night.
The Tottenham Hotspur striker is a vitally important player for Mauricio Pochettino's side.
Spurs are heading to M11 on Saturday as Mauricio Pochettino seeks to deliver an early blow to Tottenham's Premier League rivals.
The Rangers manager Steven Gerrard added the midfielder to his Ibrox ranks on Thursday.
Ben White joined Leeds United on loan from Brighton and Hove Albion in the summer transfer window.
Arsenal new boys are in contention to start.
The Tottenham Hotspur defender has only recently returned to full first-team training.