Reuters reports that Frank said: 'The decision now to prosecute J.P. Morgan Chase because of activities undertaken by Bear Stearns before the takeover unfortunately fits the description of allowing no good deed to go unpunished'.
And here's a small Goldman blooper. The Daily Telegraph reports that the firm’s research team may have let slip its real feelings about ICAP’s departing Chief Operating Officer, Mark Price.
'ICAP have announced the resignation of Mark Price, the group’s chief overstating (our italics) officer, after a year in the role', wrote Goldman analyst Chris Turner in his Turner-round financial news update Monday.
Finally, Reuters reports that Saudi billionaire Prince Alwaleed bin Talal, who has a stake in Citigroup, said on Monday the U.S. bank has great potential under new management following the departure of Vikram Pandit as chief executive.