Can You Believe It ?

Here's a few interesting pieces of financial markets gossip.

SocGen's alleged rogue trader, Jerome Kerviel, has a book out. No, it's not called How I Screwed Up & Lost $6.41bn, but Trapped In A Spiral: Memoirs of A Trader. Very timely for the trader to get his side of the story out, as Kerviel is due to go on trial next month on abuse of trust and other related charges.

In the meantime, The Guardian reports that Commerzbank is said to be upset with ex-Kleinwort Benson banker Robert Pasley-Tyler, who it apparently accuses of setting up a number of companies using the Kleinwort name (which it currently owns - though is selling - following its purchase of Dresdner Bank awhile back). Pasley-Tyler told the newspaper in an e-mail: 'We are in friendly conversation with them and are due to meet again second week of May. There is no question of a fight'.

Finally, be careful what you wish for - especially if you get an ex-pat job in Qatar. The Independent reports that David Proctor, a former CEO of Standard Chartered's EMEA businesses, got a job in Qatar as head of Al-Khaliji Bank. Unfortunately, things didn't work out, and he was let go after allegedly falling out with a member of Qatar's ruling family. Now, to leave the country, you apparently need an exit visa endorsed by your employer, and it took Proctor 14 months to obtain one!

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