Business Diary: If you can't beat the bankers, join them

Want to make a few quid at the bankers' expense? Well you could always take a punt on how much they are going to trouser this bonus season. Paddy Power will give you odds of 2/1 on a total UK payout of £7bn, or 8/1 on more than £10bn. Or go low, with a 12/1 shot on a total windfall of £3bn. That the lowest figure attracts the highest odds tells you what punters think about bankers' claims of restraint.

Sex and the City California style

Americans really go the extra mile in business disputes. When fund manager Jeffrey Gundlach left his Californian employer TCW to set up his own business, DoubleLine, the company sued him. So far, so straightforward. But then TCW searched Gundlach's offices and let it be known it had discovered 12 sexual "devices", 34 "hardcore pornographic magazines", and 36 "hardcore sexually explicit DVDs and videocassettes". Is Gundlach denying the haul? Not really, but he has written to clients of his new firm fuming about invasion of privacy and TCW's "salacious disclosure".

A curious moment for a sales pitch

An email arrives from Jessops, offering interest-free credit on spending of £250 or more. Odd, given the headlines, as Jessops was wound up yesterday after years of financial troubles. The email, in fact, comes from the retail business, sold off to private equity concerns and very much still trading, while it is the old parent company that is being wound up. Still, interesting timing.

Swimming in dangerous waters

BBC director of news Helen Boaden is keen to dismiss suggestions that the corporation is an aggressive media monster. "Compared to sharks and minnows, the BBC is a dolphin," she told the Oxford Media Convention yesterday.

Time to go with the economic flow

Never mind quantitative easing or the fiscal stimulus, an invite arrives with the answer to all our woes. "Could Feng Shui be the saviour of the economy?" the folk promoting World Feng Shui Day ask us. If only Gordon Brown had thought of that.

Number of the day: 16,000

The number of job cuts Lloyds Banking Group has announced since the credit crisis, according to trade union Unite.

businessdiary@independent.co.uk

News
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete tomorrow
News
people'I’d rather have Fred and Rose West quote my characters on childcare'
News
Kim Jong Un gives field guidance during his inspection of the Korean People's Army (KPA) Naval Unit 167
newsSouth Korean reports suggest rumours of a coup were unfounded
Arts and Entertainment
You could be in the Glastonbury crowd next summer if you follow our tips for bagging tickets this week
music
PROMOTED VIDEO
News
ebooksAn unforgettable anthology of contemporary reportage
News
i100
Arts and Entertainment
Kylie performs during her Kiss Me Once tour
musicReview: 26 years on from her first single, the pop princess tries just a bit too hard at London's O2
News
peopleSwimmer also charged with crossing double land lines and excessive speeding
Arts and Entertainment
A new Banksy entitled 'Art Buff' has appeared in Folkestone, Kent
art
News
i100
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...

Trust Accountant - Kent

NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...

Graduate Recruitment Consultant - 2013/14 Grads - No Exp Needed

£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...

Law Costs

Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...

Day In a Page

Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style