(CNN) – Another week, another round of news that suggests it’s a bad time to be a banker.

First came news Deutsche Bank became the first global bank to that could claw back payouts. Deutsche Bank's clawback rules allow it to take away from newly hired senior staff the un-vested equity bonuses earned at previous employers - if they were turned into Deutsche Bank shares. This is a significant tightening of bonus rules by Europe's largest lender, CNN’s Jim Boulden says. Pay consultants say the rule is unusual in the banking world and comes as European banks now hold employees accountable for questionable behavior.

But the question remains: Will other banks follow? And will the new rules give Deutsche Bank trouble recruiting?
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Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them.

(CNN) – In the episode of the Millennials we take a look back at Michael Burbach's childhood and how he developed his love for acting.

Michael's mother tells why she considers her son a "our joy baby" and describes how he went from modelling on a macaroni cheese package to the stages of New York City.

(CNN) – Everything is “fine” (and more fines) for some big global banks these days.

Barclays has agreed to pay $453 million in fines for the Libor scandal, charged with manipulating key lending rates.

HSBC has set $700 million aside to pay for penalties after the bank failed to prevent money transfers linked to drug cartels and terrorist groups.

Now Standard Chartered has agreed to pay $340 million to New York regulators for years of conspiring with Iran to avoid U.S. sanctions and laundering $250 billion in transactions over 10 years.
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Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them.

(CNN) -Jelly entrepreneurs Sam Bompas and Harry Parr embark on a hard sell with a big client in this episode of the Millennials. The pair enlist some extra help for the challenge. They're feeling prepared, bold, and ready to take a risk – but will it pay off?

(CNN) – Facebook’s purchase of Instagram hasn’t closed yet, but a cottage industry of online companies is seeking success on the back of Instagram’s popularity. Websites and apps are creating new business models, technology and choices for printing the pictures you take on your mobile phone.

LA-based Instacanvas says it just raised $1.7 million in seed financing. Their website allows you to upload your Instagram photos and print on canvases or acrylic photo glass. Printing costs between $39 and $79, depending on size. And you could even make some money: Instacanvas allows you to sell your photos to other users.
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London (CNN) – Italian Prime Minister Mario Monti has lit a fuse that has sparked outrage in Germany and exposed the frayed wires that are holding Europe together.

In an interview with Germany’s Der Spiegel, Monti was quoted as saying: "The tensions that have accompanied the eurozone in the past years are already showing signs of a psychological dissolution of Europe."

He added that governments have to "educate" their parliaments as they try to reach agreement on the eurozone's future.

"If governments allow themselves to be entirely bound to the decisions of their parliament, without protecting their own freedom to act, a break up of Europe would be a more probable outcome than deeper integration."
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London (CNN) – British Prime Minister David Cameron has made no secret of the spoils he hopes that hosting the Olympics will bring to London - and the UK.

The estimated $20 billion of investment over the next four years would offset some of the $14.5 billion splurge of staging the Games.

Last week he helped launch a $1.6 billion investment drive to drum up business for UK plc.
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Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them.

(CNN) – Milli Bongela has the drive and the initiative to be her own boss. That much we have already discovered, as she is one of our Millennials. When she started her own clothing retail company, she showed true Millennial spirit and determination.

Making that first bold move is one thing. She's now discovering actually making money is quite another. Being Millennial is no guarantee of profit. Bongela looks for advice on handling her cash.

London (CNN) - In 2008, 92% of all Olympic swimming medallists were wearing Speedo suits. But then, after the Beijing Olympics, the rules changed.  Swimming’s governing body FINA dramatically reduced the amount of skin the suit could cover, and the last four years have been a race to adapt.

Using testing techniques often reserved for aeroplanes and Formula One cars, and working with experts from around the world in its top-secret “Aqualab,” Speedo came up with a solution. It’s known as the Fastskin 3.  This week’s Make, Create, Innovate looks at the evolution of this suit, and the designer’s hopes for their own Olympic success.

Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them. Here, CNN contributor and Millennial David Lloyd, with Jos van der Bij, a Dutch student doing an internship in London, write on the risks of mass unemployment.

(CNN) –  Youth unemployment in the 1930s destabilized Germany and radicalized a resentful youth, propelling support for extremist parties.

The consequences are well known. Now, with European unemployment rising, we should be drawing on lessons from the past. It is nothing short of a tragedy that youth unemployment in both Greece and Spain has surged above the 50% mark.

To prevent a generation of young people being unable to find jobs and set themselves up with a secure future, it is essential to act now. The policy maker who does not heed the lessons of history is guilty of negligence on a massive scale.

Just like in the 1930s, when the Great Depression caused youth unemployment to hit the 50% levels in Germany, the current financial crisis is wreaking havoc on young people.
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