John Thain, Sandy Weill, Bob McCann, The Madoffs
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According to the newspaper's sources, Thain feels that Lewis's departure vindicates him, and hopes that it will help rehabilitate his image, which suffered from his (brief) association with Merrill Lynch.
And Forbes magazine reports that Citigroup founder Sandy Weill is feeling it in his pocket. Weill, who had an estimate net worth of around $1.3bn last year, has failed to make the Forbes list this time around, as he is believed to have fallen below the list's $950m threshold for entry.
In the meantime, Reuters reports that former Merrill brokerage boss Bob McCann has settled his legal spat with Bank of America (which wanted to keep him out of the market for up to 12 months). Although no specific details have ben released, McCann is understood to be allow to return to the market at the end of the month. He is strongly tipped to take over UBS's US wealth management unit.
Finally, Irving Picard, the trustee for Bernie Madoff's empire, has sued the fraudster's brother, Peter, and two sons and niece for a cool $198m. Peter is accused of improperly receiving $60m, son Mark almost $67m, son Andrew almost $61m, and niece Shana (Peter's daughter) over $10m.
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