The Financial Times claims to have a name for the man who was apparently arrested at 2.30am in London last night for purportedly causing havoc at UBS: allegedly it’s Kweku Adoboli, a former Nottingham University student working in Delta One trading in London. According to The FSA he’s been at UBS since 2006. There is a photo of someone called Kweku Adoboli on this Facebook page, which remains public – for the moment (this has now been pulled but here’s a link to the very same photo which subsequently appeared on the BBC website and which we’re posting below).

Separately, it has emerged that MF Global is taking an axe to its EMEA equities business and eliminating no fewer than 30% of its people in equities trading and research. More separately still, Bloomberg is reporting that SocGen will make 600-800 people redundant in its corporate and investment bank but that no fewer than 300 of them will go in Paris.

Oswald: “We want to reassure you that we, together with the rest of the management, are working closely with the Investment Bank’s management and risk and controlling to get to the bottom of the matter as quickly as possible.” (Alphaville)

Goldman Sachs keeps moving people into its asset management division. (BusinessWeek)

UBS keeps making people redundant in India. (Economic Times)

Bill Winters says the government should remove the banking levy before it implements ring-fencing. (Financial Times)

Only the very committed/partially delusional want to do an MBA in this market. (Wall Street Journal)

Anshu Jain becomes very visibly annoyed when his German skills are questioned. (Spiegel)

Chinese graduates can’t get jobs either. (Reuters)

People who get up early are more likely to be successful, happy and thin. (Telegraph)