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.
Leeds United winger Helder Costa has struggled to make an impact since moving to Elland Road.
Tottenham Hotspur are gearing up for their Champions League with Red Star Belgrade.
Chelsea attackers Tammy Abraham and Callum Hudson-Odoi have both impressed at Stamford Bridge this season.
Arsenal's away woes continued on Monday night as they suffered a deserved defeat to Sheffield United.
Patrick Bamford is set to start ahead of Eddie Nketiah for Leeds United again.
Jack Clarke was the Man of the Match as Aston Villa's U23s beat Fulham in the Premier League 2 clash on Monday night?
Ibrox side Glasgow Rangers and Celtic have a fierce rivalry with one another.
Sunderland forward Will Grigg has struggled to make much of an impression so far at the Stadium of Light, with Jack Ross often leaving him on the bench.
Newcastle United striker Dwight Gayle has not been fit enough to start a game for Steve Bruce's men this term.
Tottenham Hotspur are preparing to welcome back Giovani Lo Celso.